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9 stories mentioning ASX:RACUpdated 4d ago

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Asia

Racura Oncology Says Safety Review Committee Completes Review of HARNESS-1 Trial Single-Patient First Group Safety Data

Racura Oncology (ASX:RAC) said the Safety Review Committee completed its review of safety data from the HARNESS-1 trial single-patient first group who received a dose of its RC220 drug candidate at 50 milligrams per square meter with osimertinib 80 milligrams daily, according to a Wednesday Australian bourse filing.No dose-limiting toxicities or treatment-related safety concerns were identified during the safety observation period. However, the patient reported moderate symptoms consistent with colitis, an inflammation of the large intestine or colon, after the period ended. The cause of these symptoms has not yet been determined, and clinical investigations are ongoing.The observed colitis was not considered a dose-limiting toxicity or treatment-related adverse event. However, the committee recommended that one additional patient receive the drug candidate at 50 milligrams per square meter with 80 milligrams of osimertinib before dose escalation to 100 mg/m2 occurs, as a prudent precaution.The committee is expected to meet again in the next six to eight weeks to evaluate the safety data from the second patient.

ASX:RAC
Asia

Racura Oncology Secures Ethics Committee Approval for Lung Cancer Clinical Trial for Trial Sites Outside Victoria

Racura Oncology (ASX:RAC) said the Bellberry human research ethics committee approved the HARNESS-1 lung cancer clinical trial, for Australian private hospital sites and eligible public hospital sites outside Victoria, allowing for additional clinical trial sites to be activated, according to a Friday Australian bourse filing.The study is evaluating the safety, tolerability, and pharmacokinetics of RC220, the firm's proprietary formulation of bisantrene, in combination with osimertinib in patients with non-small cell lung cancer harboring activating epidermal growth factor receptor mutations. Osimertinib is the current standard of care treatment for non-small cell lung cancer with defined epidermal growth factor receptor mutations.The human research ethics committee for the St Vincents Hospital in Melbourne had earlier approved the lead clinical trial site, Monash Health. The hospital committee also approved the inclusion of Austin Health in Victoria.

ASX:RAC
Asia

Racura Oncology Doses First Patient in Phase 1 Trial of Lung Cancer Drug Candidate

Racura Oncology (ASX:RAC) dosed the first patient in a phase 1 clinical trial evaluating its RC220 drug candidate in combination with osimertinib for the treatment of non-small cell lung cancer, according to a Thursday filing with the Australian bourse.The company said no adverse events were seen during or after the first RC220 infusion.The study is using single-patient cohorts for the first three dose escalation stages before advancing to larger cohorts to determine the maximum tolerated dose. Additional clinical trial sites are expected to open in the coming months.

ASX:RAC
Asia

Racura Oncology Raises AU$34 Million to Fund Three Clinical Trials; Shares Up 3%

Racura Oncology (ASX:RAC) raised AU$34.3 million in total to fund three RC220 clinical trials in acute myeloid leukemia, epidermal growth factor receptor mutant lung cancer, and chemotherapy-related cardio-protection in solid tumor patients, according to a Tuesday filing with the Australian bourse.RC220 is the company's formulation of (E,E)-bisantrene, a small molecule anti-cancer agent, the filing said.The company has raised the funds since June 2024 through bonus and piggyback option conversions, private placements, and option underwriting, per the filing.Shares rose 3% in afternoon trade on Tuesday.

ASX:RAC
Asia

Racura Oncology Raises Over AU$24 Million Via Piggyback Option Offer; Shares Jump 6%

Racura Oncology (ASX:RAC) said it generated proceeds of about AU$24.4 million after a total of 19.5 million piggyback options were exercised out of the 20.1 million issued at its piggyback option offer, representing a 97% conversion rate, according to a Thursday Australian bourse filing.The proceeds provide additional capital to advance the company's clinical programs in acute myeloid leukemia, lung cancer, and anthracycline cardioprotection, as well as general working capital, per the filing.The company's shares rose nearly 6% in recent trading on Thursday.

ASX:RAC
Asia

Race Oncology Raises AU$1 Million in Strategic Placement

Race Oncology (ASX:RAC) secured around AU$1 million via a targeted private placement with a specialist healthcare-focused institutional investor, issuing 526,315 fully paid ordinary shares at AU$1.90 each, representing a 23% discount to its recent average market price, according to a Thursday filing with the Australian bourse.The company has raised a total of AU$31.2 million, including this placement and recent funds from piggyback and bonus option offers, to support the clinical development of RC220 and general working capital requirements, the filing added.

ASX:RAC
Asia

Racura Oncology Receives Clearance to Advance Dose Level in Phase One Cardioprotection, Anticancer Synergy Trial

Racura Oncology (ASX:RAC) received clearance from the Safety Review Committee to advance the RC220 dose in the first-phase Cardioprotection and Anticancer Synergy trial to the next designated dose level of 80 milligrams per square meter, according to a Friday filing with the Australian bourse.RC220 is the company's formulation of the anticancer agent (E,E)-bisantrene.The approval comes following confirmation that the drug showed an acceptable safety profile, with no dose-limiting toxicities or safety concerns noted during the observation period for the first three group one patients dosed at 40 milligrams per square meter, the filing said.

ASX:RAC
Asia

Racura Oncology Says Funding Sufficient for Activities Through 2027

Racura Oncology (ASX:RAC) said it ended the fiscal third quarter with a cash balance of about AU$19.4 million and is in a strong position to finance activities through 2027, according to a Thursday filing with the Australian bourse.The early conversion of options gave the company an additional AU$1.4 million of funding, per the filing.Racura Oncology said more than 81% of spending during the March quarter, or about AU$2.4 million, went toward research and development and drug manufacturing activities.

ASX:RAC
Asia

Racura Oncology, University of Wollongong Win New South Wales Government Funding for Cancer Study

Racura Oncology (ASX:RAC) and the University of Wollongong secured funding under the New South Wales government's TechVouchers program to study the efficacy of (E,E)-bisantrene for certain types of breast and ovarian cancers, according to a Wednesday filing with the Australian bourse.A collaboration between Racura and the University aims to produce preclinical evidence for the development of RC220 as a new targeted therapy, per the filing.Results from the collaboration are expected to come out over the next 12 months.Racura Oncology shares gained 2% in recent Wednesday trade.

ASX:RAC

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