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Rakovina Therapeutics Inc ( (TSE:RKV) ) just unveiled an announcement.
Rakovina Therapeutics reported a net loss of $2.92 million for Q2 2025, with significant investments in AI-powered drug discovery reflected in their R&D expenses. The company completed a private placement and convertible debenture financing, raising approximately $4.91 million, and implemented a 1-for-10 reverse share consolidation. These financial maneuvers aim to strengthen Rakovina’s position in the biopharmaceutical industry, supporting its ongoing development of cancer therapies and enhancing shareholder value.
More about Rakovina Therapeutics Inc
Rakovina Therapeutics Inc. is a biopharmaceutical research company focused on developing innovative cancer treatments. Utilizing unique AI-powered technologies, such as the Deep-Docking™ and Enki™ platforms, the company aims to accelerate the optimization of drug candidates. Rakovina has established a pipeline of DNA-damage response inhibitors, with plans to advance these candidates into human clinical trials in collaboration with pharmaceutical partners.
Average Trading Volume: 61,691
Technical Sentiment Signal: Sell
Current Market Cap: C$11.21M
See more insights into RKV stock on TipRanks’ Stock Analysis page.