Q1/25 Financials of Cancer Drug Developer Released
Research Report

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Rakovina Therapeutics Inc. (RKV:TSX.V) released its Q1/25 financial results, for the quarter ended March 31, reported Dr. Douglas Loe, managing director and analyst, Leede Financial Inc., in a June 6 weekly review. Rakovina is an oncology small-molecule drug developer based in British Columbia.

Loe touched on a couple of data points. Cash in Q1/25 was CA$100,000 (CA$100K), and Loe purported that pro forma cash likely will be higher because Rakovina's previously announced equity offering of CA$4 million is nearing completion.

Q1/25 research and development expense was CA$900K. Loe assumes this is a reasonable run rate for Rakovina's artificial intelligence-driven drug discovery efforts being undertaken in collaboration with University of British Columbia researchers and the private company Variational AI, he wrote.

The analyst also assumes that Rakovina still is working on identifying small molecules that exhibit simultaneous dual inhibitory activity against PARP1 or PARP2 and other DNA mutation repair signaling pathways. These include pathways governed by ATR, part of the PI3K enzyme family that other U.S. Food and Drug Administration-approved drugs target, he noted.

Loe indicated that there are a few Phase 2 clinical trials in cancer that are developing therapies targeting ATR or PARP but without concurrently engaging PARP1 and PARP2 at the same time.