Group 1 - Stephen Read is the manager and founder of HIT Capital, which has a beneficial long position in RNXT through stock ownership [1][2] - HIT Capital was launched after Stephen Read's tenure at ConocoPhillips, where he worked before focusing on his investment firm [1] - The firm emphasizes the importance of generous investment strategies, as reflected in Stephen Read's favorite quote from 2 Corinthians 9:6 [1] Group 2 - HIT Investments serves as the general partner of HIT Capital, further solidifying its investment strategy and positioning [2] - Additional disclosures regarding HIT Capital's investment strategies and positions can be found on their official website [2]

Financial Position - As of September 30, 2024, the company had $9.6 million in cash, sufficient to fund operations for the next interim read-out and current commercialization efforts for RenovoCath[1]. - General and administrative expenses decreased to approximately $1.2 million for Q3 2024, down from $1.4 million in the same period last year[11]. - The net loss for Q3 2024 was $2.5 million, compared to a net loss of $1.4 million for Q3 2023[12]. Research and Development - Research and development expenses for Q3 2024 were approximately $1.7 million, remaining flat compared to the same period last year[10]. - RenovoRx signed a new work order with Medical Murray to increase production of RenovoCath devices[4]. Clinical Trials - The ongoing pivotal Phase III TIGeR-PaC clinical trial is expected to complete patient enrollment in the first half of 2025[2]. - The first patient was enrolled at the University of Nebraska Medical Center for the TIGeR-PaC trial, which is anticipated to drive enrollment completion[7]. - The second interim analysis for the TIGeR-PaC study will be triggered by the 52 event, estimated to occur in late 2024 or early 2025[15]. Commercial Strategy - The company expects its RenovoCath commercial strategy to potentially generate revenue in 2025[5]. - RenovoCath received Orphan Drug Designation for pancreatic cancer and bile duct cancer, providing 7 years of market exclusivity upon NDA approval by the FDA[18].

Core Insights - RenovoRx is making significant progress in its pivotal Phase III TIGeR-PaC clinical trial for locally advanced pancreatic cancer, with patient enrollment expected to complete in the first half of 2025 [2][15] - The company has a commercialization plan for its FDA-cleared RenovoCath delivery system, which is anticipated to generate near-term revenue in 2025 [2][5] - As of September 30, 2024, RenovoRx has $9.6 million in cash, sufficient to fund operations and the next interim analysis of the clinical trial [2][9] Financial Highlights - Cash Position: The company reported cash and cash equivalents of $9.6 million as of September 30, 2024 [9] - R&D Expenses: Research and development expenses were approximately $1.7 million for the third quarter of 2024, remaining flat compared to the same period last year [10] - G&A Expenses: General and administrative expenses were approximately $1.2 million for the third quarter of 2024, a decrease of approximately $0.2 million compared to the same period last year [11] - Net Loss: The net loss for the quarter ended September 30, 2024, was $2.5 million, compared to a net loss of $1.4 million for the same quarter in 2023 [12] Clinical and Operational Developments - The company has signed a new work order with Medical Murray to increase production of RenovoCath devices in response to growing demand from healthcare professionals [4] - The first patient has been enrolled at the University of Nebraska Medical Center for the ongoing TIGeR-PaC clinical trial, which is expected to drive enrollment completion [7] - Positive early-stage clinical data has been published in an international peer-reviewed journal, highlighting the safety and overall survival of patients undergoing treatment with the RenovoCath system [8] Management and Strategy - Robert Strasser has been promoted to Vice President of R&D and Operations, bringing extensive experience in operations and product commercialization [6] - The company is exploring various commercialization strategies for the RenovoCath delivery system, which may include direct sales or partnerships [4][18]

Core Viewpoint - RenovoRx, Inc. is increasing production of its FDA-cleared RenovoCath catheter-based delivery system due to rising demand from oncologists and interventional radiologists for targeted delivery of diagnostic and therapeutic agents [1] Group 1: Production and Manufacturing - RenovoRx has signed a new project work order with Medical Murray to expand their manufacturing relationship and explore commercial opportunities for RenovoCath beyond current clinical programs [2] - To incentivize Medical Murray, RenovoRx will issue a warrant for up to 709,500 shares of common stock, contingent on achieving certain manufacturing milestones [2] Group 2: Clinical Trials and Research - The company is committed to its ongoing pivotal Phase III TIGeR-PaC clinical trial for locally advanced pancreatic cancer (LAPC), with additional clinical sites joining to accelerate patient enrollment [3] - The TIGeR-PaC trial is evaluating the TAMP™ therapy platform using RenovoCath for intra-arterial infusion of gemcitabine HCl, comparing it to the current standard of care [3][7] - The primary endpoint of the trial is a 6-month overall survival benefit, with secondary endpoints including reduced side effects compared to standard treatment [8] Group 3: Market Strategy and Leadership - Feedback from physicians indicates a desire to purchase RenovoCath as a standalone device, which has been used in over 500 procedures [4] - The company is exploring commercial opportunities to meet growing demand for RenovoCath technology and expects to generate revenue during 2025 [4] - Robert Strasser has been promoted to Vice President of R&D and Operations, playing a key role in the company's manufacturing and commercial strategy [4] Group 4: Product Information - RenovoCath is designed for the isolation of blood flow and delivery of fluids to selected sites in the peripheral vascular system, indicated for temporary vessel occlusion and chemotherapeutic drug infusion [5][9] - The device is intended for use in arteries with diameters ranging from 3mm to 11mm [5]

Core Viewpoint - RenovoRx, Inc. is advancing its TAMP therapy platform for treating locally advanced pancreatic cancer (LAPC) and will present clinical data at the Symposium on Clinical Interventional Oncology [1][3] Company Overview - RenovoRx is a clinical-stage biopharmaceutical company focused on developing precision oncology therapies using a local drug delivery platform aimed at improving therapeutic outcomes for cancer patients [7] - The company's TAMP (Trans-Arterial Micro-Perfusion) therapy platform is designed to deliver chemotherapy directly to tumors while minimizing systemic side effects [7][8] Clinical Trials and Research - The ongoing Phase III TIGeR-PaC clinical trial is evaluating the TAMP therapy platform in combination with gemcitabine HCl for LAPC patients [4][6] - The first interim analysis of the TIGeR-PaC trial was completed in March 2023, with recommendations to continue the study [6] - The primary endpoint of the trial is a 6-month Overall Survival benefit, with secondary endpoints focusing on reduced side effects compared to standard care [6] Presentation Details - Dr. Ripal Gandhi will present on September 21, 2024, discussing the clinical challenges of standard care for LAPC and the potential of TAMP therapy as a targeted treatment option [5][3] - The presentation will also cover recent publications of clinical data related to the TAMP platform and its application in LAPC [4][3]

Core Viewpoint - RenovoRx, Inc. is set to present at H.C. Wainwright's 26th Annual Global Investment Conference, highlighting its advancements in precision oncology therapies and ongoing clinical trials for pancreatic cancer treatment [1][2]. Company Overview - RenovoRx is a clinical-stage biopharmaceutical company focused on developing novel precision oncology therapies using a local drug-delivery platform aimed at improving therapeutic outcomes for cancer patients [7]. - The company's proprietary Trans-Arterial Micro-Perfusion (TAMP™) therapy platform is designed to deliver chemotherapy directly to tumors while minimizing systemic toxicity [7][8]. Clinical Trials - The ongoing Phase III TIGeR-PaC clinical trial is evaluating the TAMP™ therapy platform for treating Locally Advanced Pancreatic Cancer (LAPC) [5][6]. - The primary endpoint of the trial is a 6-month Overall Survival benefit, with secondary endpoints including reduced side effects compared to standard care [6]. - The first interim analysis was completed in March 2023, with a recommendation to continue the study, and the second interim analysis is expected in late 2024 or early 2025 [6]. Recent Developments - Shaun Bagai, CEO of RenovoRx, will discuss recent corporate achievements and the exploration of new commercial business development opportunities at the upcoming conference [2][3]. - The company appointed Ryan Witt as Senior Vice President of Corporate Strategy and Partnerships in June 2024 to enhance its business development efforts [2]. Product Information - RenovoRx's first product candidate utilizing the TAMP technology involves the intra-arterial administration of gemcitabine HCl via the FDA-cleared RenovoCath® device [5][7]. - RenovoCath is indicated for temporary vessel occlusion in various applications, including arteriography and chemotherapeutic drug infusion [2][7].

Core Viewpoint - RenovoRx is advancing its Phase III clinical trial, TIGeR-PaC, for RenovoGem™ aimed at treating Locally Advanced Pancreatic Cancer (LAPC), with the first patient enrolled at the University of Nebraska Medical Center [1][3]. Company Overview - RenovoRx is a clinical-stage biopharmaceutical company focused on developing precision oncology therapies using a local drug delivery platform [8]. - The company’s lead product candidate, RenovoGem™, is a drug-device combination utilizing the FDA-cleared RenovoCath® device for intra-arterial chemotherapy delivery [5][8]. Clinical Trial Details - The TIGeR-PaC study employs the TAMP™ (Trans-Arterial Micro-Perfusion) therapy platform to deliver gemcitabine directly to the tumor site, potentially overcoming barriers posed by scar tissue around pancreatic tumors [2][3]. - The trial is designed as a randomized multi-center study, with primary endpoints focused on 6-month Overall Survival benefits and secondary endpoints assessing reduced side effects compared to standard intravenous chemotherapy [6][5]. Enrollment and Collaboration - Enrollment for the TIGeR-PaC trial began in June 2024, with UNMC being the latest site to participate, expected to enhance patient recruitment due to its high volume of pancreatic cancer cases [1][4]. - The collaboration with UNMC aims to improve patient outcomes and advance the study towards completion [3][4]. Market Context - Pancreatic cancer is characterized by a low 5-year survival rate of 13% across all stages, with LAPC being particularly challenging as it is diagnosed when the cancer cannot be surgically removed [7]. - The ongoing research and development efforts by RenovoRx are positioned to address significant unmet medical needs in the treatment of LAPC [9].

Targeted chemotherapy delivery via TAMP is currently being evaluated in an ongoing Phase III clinical trial in LAPC "These important foundational studies highlight the potential for a meaningful advancement in the standard of care for cancer treatment, with less toxicity and improved outcomes," said Hassan Hatoum, MD. "These clinical data support that TAMP has the potential to extend OS compared to systemic chemotherapy in difficult-to-treat solid tumors and provide a paradigm-shifting treatment option for ...

LOS ALTOS, Calif., July 08, 2024 (GLOBE NEWSWIRE) -- RenovoRx, Inc. ("RenovoRx" or the "Company") (Nasdaq: RNXT), a clinical-stage biopharmaceutical company developing novel precision oncology therapies based on a local drug-delivery platform, today announced acceptance for publication in an international peer-reviewed journal, The Oncologist. The manuscript is titled, "Treatment of Locally Advanced Pancreatic Cancer (LAPC) Using Localized Trans-Arterial Micro Perfusion (TAMP™) of Gemcitabine: Combined Anal ...

Ramtin Agah, Chief Medical Officer and Founder of RenovoRx states, "These important studies investigate clinical outcomes along with procedural variables that may impact those clinical outcomes." The Oncologist is an international peer-reviewed Journal for the practicing oncologists and hematologists. It is dedicated to translating the latest research developments into the best multidimensional care for cancer patients and is committed to helping physicians excel in this ever-expanding environment through t ...