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Rakovina Therapeutics Congratulates Partner - Variational AI for Winning LifeSciencesBC's 2025 Emerging Biotech Company of the Year Award
GlobeNewswire News Room· 2025-07-11 13:56
Core Insights - Rakovina Therapeutics Inc. has partnered with VariationalAI, which has been awarded the 2025 Emerging Company of the Year – Biotech by LifeSciencesBC, highlighting the significant progress and innovation in the biotechnology sector [1][2]. Company Overview - Rakovina Therapeutics is focused on developing innovative cancer treatments utilizing AI technologies, specifically through its proprietary Deep-Docking™ platform [6][7]. - The company aims to advance its pipeline of DNA-damage response inhibitors into human clinical trials in collaboration with pharmaceutical partners [7]. Partnership and Technology - Since the partnership began in September 2024, VariationalAI has utilized its Enki™ generative AI platform to expedite the discovery of novel DNA damage response (DDR) kinase inhibitors, particularly the KT-5000 series [3]. - The collaboration has resulted in multiple structurally novel compounds with favorable drug-like properties, showing promise as brain-penetrant agents for challenging tumors [3][4]. Recognition and Future Outlook - The recognition of VariationalAI as Emerging Biotech Company of the Year underscores the transformative impact of AI in drug discovery and the strength of the collaboration with Rakovina [4]. - The company anticipates further advancements in its AI-powered discovery pipeline, aiming to identify novel drug candidates with increased speed and precision [4][6].
Rakovina Therapeutics Congratulates Partner - Variational AI for Winning LifeSciencesBC’s 2025 Emerging Biotech Company of the Year Award
Globenewswire· 2025-07-11 13:56
Core Insights - Rakovina Therapeutics Inc. is advancing cancer therapies through AI-powered drug discovery and has partnered with VariationalAI, which has been recognized as the 2025 Emerging Company of the Year – Biotech by LifeSciencesBC [1][2]. Group 1: Partnership and Innovation - VariationalAI has utilized its Enki™ generative AI platform to accelerate the discovery of novel DNA damage response (DDR) kinase inhibitors since partnering with Rakovina in September 2024 [3]. - The collaboration has led to the development of the KT-5000 series, a new generation of synthetic small-molecule candidates targeting DDR pathways, resulting in multiple structurally novel compounds with favorable drug-like properties [3]. - Early data indicates that these candidates may serve as effective brain-penetrant agents for challenging tumors, marking a significant advancement in Rakovina's AI-powered discovery pipeline [3]. Group 2: Company Overview - Rakovina Therapeutics focuses on innovative cancer treatments, leveraging unique technologies for targeting DNA-damage response powered by AI through its proprietary Deep-Docking™ platform [6]. - The company aims to advance one or more drug candidates into human clinical trials in collaboration with pharmaceutical partners, establishing a pipeline of distinctive DNA-damage response inhibitors [7].
Rakovina Therapeutics Highlights Strong H1 Progress and Unveils Strategic Priorities for H2 2025
Globenewswire· 2025-06-30 07:00
Core Insights - Rakovina Therapeutics is advancing next-generation cancer therapies through AI-powered drug discovery, highlighting its strategic objectives for H2 2025 amid a rapidly evolving global AI landscape [1][2]. Industry Overview - The biopharmaceutical industry is experiencing a transformative shift due to artificial intelligence, which is significantly impacting drug discovery, testing, and delivery processes [2]. - Recent collaborations, such as AstraZeneca's $5.3 billion agreement with CSPC Pharmaceutical Group, underscore the growing momentum in AI-driven drug development [2]. Company Highlights - Rakovina holds exclusive licenses to two AI discovery platforms, Deep Docking™ and Enki™, which can analyze billions of chemical structures at 100 times the speed of traditional methods [3]. - The Deep Docking™ platform was developed by Dr. Artem Cherkasov, who previously identified a compound that was licensed to Roche for $142 million, marking a significant achievement in life-sciences IP [4]. - The company operates an integrated discovery engine that combines in silico screening with biochemical and cellular validation through a collaboration with UBC [5]. H1 2025 Accomplishments - Rakovina presented two scientific posters at the AACR 2025 meeting, showcasing advancements in AI-derived DNA-damage response inhibitors [8]. - The kt-2000 program demonstrated improved metabolic stability and pharmacokinetic profiles, while the kt-5000 program unveiled potent ATR inhibitor candidates designed for CNS penetration [8]. - The company strengthened its financial position by closing an oversubscribed private placement and convertible debt financing of CAD 4.9 million [8]. - Rakovina began trading on the Frankfurt exchange and appointed new financial and scientific leaders to enhance governance and expertise [8]. Strategic Objectives for H2 2025 - The company plans to enter development collaborations for lead candidates in Q3 2025 and continue advancing preclinical development of its DNA Damage Response therapies [14]. - Rakovina aims to integrate AI and data science to enhance drug discovery capabilities and expand engagement with global institutional investors and strategic partners [14]. - The company seeks to secure non-dilutive funding through government initiatives and strategic alliances to support expanded drug development activities [14].
Rakovina Therapeutics Announces Appointment of Dr. David Kideckel as Chief Financial Officer
Globenewswire· 2025-05-05 12:30
Core Insights - Rakovina Therapeutics Inc. has appointed Dr. David M. Kideckel as Chief Financial Officer, pending approval from the TSX Venture Exchange [1] - Dr. Kideckel has nearly two decades of experience in life sciences and capital markets, with a focus on scaling operations for healthcare companies [2] - The company is advancing innovative cancer therapies through AI-powered drug discovery, utilizing proprietary platforms [6][7] Company Overview - Rakovina Therapeutics is focused on developing innovative cancer treatments, particularly through DNA-damage response inhibitors [6][7] - The company aims to advance one or more drug candidates into human clinical trials in collaboration with pharmaceutical partners [7] Leadership Transition - Dr. Kideckel's appointment comes during a critical growth phase for the company, as stated by Executive Chairman Jeffrey Bacha [5] - David Hyman, the outgoing CFO, will remain in a consulting role after stepping down, having established robust financial systems for the company [5] Dr. Kideckel's Background - Dr. Kideckel has held leadership roles at ATB Capital Markets, Johnson & Johnson, and Alexion Pharmaceuticals, contributing to drug development and commercialization [3] - He holds a Ph.D. in Neuroscience and Statistics and an MBA from the University of Toronto [4]
Rakovina Strengthens Board with Appointments of Yevgeniy Meshcherekov and David Kideckel
Globenewswire· 2025-04-30 02:00
Core Viewpoint - Rakovina Therapeutics Inc. has appointed Mr. Yevgeniy Meshcherekov and Dr. David Kideckel to its board of directors, enhancing its governance and financial expertise as it advances its AI-driven cancer therapies [1][6][7]. Group 1: Appointments and Governance - Mr. Yevgeniy Meshcherekov brings over 20 years of experience in financial management across various industries, including fintech and blockchain [2][3]. - Dr. David Kideckel has nearly 20 years of experience in the Life Sciences sector, having held senior roles in healthcare and biotechnology, including at Johnson & Johnson and Alexion Pharmaceuticals [5][6]. - The appointments are aimed at strengthening Rakovina's financial and capital markets infrastructure in preparation for upcoming drug development milestones [6][7]. Group 2: Leadership Changes - Michael Liggett has retired from the board, having significantly contributed to the company's strategic direction and growth in the healthcare sector [8][9]. - The transition in leadership is expected to drive fiscal discipline and operational scale as the company continues to develop its oncology programs [7]. Group 3: Company Overview - Rakovina Therapeutics focuses on innovative cancer treatments using AI technologies, specifically targeting DNA-damage response through its proprietary platforms [9][10]. - The company aims to advance its pipeline of DNA-damage response inhibitors into human clinical trials in collaboration with pharmaceutical partners [10].