LOS ANGELES and AMSTERDAM, May 24, 2024 (GLOBE NEWSWIRE) -- Renovaro Inc.
(NASDAQ: RENB) and the Amsterdam UMC Cancer Center today announced an intended
partnership and therefore signed an MoU to establish a joint company based in
the Netherlands aimed at pioneering the next generation of personalized cancer
immunotherapy. Both Renovaro and Amsterdam UMC emphasize the need to carry out
the appropriate corporate and scientific due diligence before taking these next
steps. Alongside the independent validation any final contractual commitments
are subject to approval from both executive boards.
This collaboration would bring together Renovaro's proprietary cancer vaccine
technology and the Cancer Center's expertise in several ancillary
immunomodulatory technologies, towards innovative advancements in cancer
treatment.
The proposed "Newco" will be headquartered in Amsterdam, The Netherlands. By
merging Renovaro's cutting-edge vaccine technology with the Cancer Center's
expertise, the aim is to develop personalized cancer immunotherapy solutions
tailored to individual patients, overcoming immunotherapy resistance.
"We believe that by combining our expertise in cancer research and therapy with
Renovaro's innovative allogenic dendritic vaccine technology, we can accelerate
the development of personalized cancer treatments," said Prof. Geert Kazemier,
Director of the Amsterdam UMC Cancer Center. "This once again represents our
commitment to advancing cancer immunotherapy and improving patient outcomes."
"We are thrilled to partner with the Amsterdam UMC Cancer Center to drive
innovation in cancer immunotherapy," said Coenraad K. van Kalken MD PhD,
Director of RenovaroCube. "This collaboration represents a recognition of our
potentially transformative technologies and a strategic alignment of our shared
vision to change cancer treatment through personalized medicine. Also, as part
of the MoU certain clinical activities would be moved to Amsterdam."
This new venture will operate independently, with a dedicated team of
researchers collaborating closely with experts from both RenovaroBio and the
Amsterdam UMC Cancer Center and will benefit from the combined resources,
expertise, and extensive networks of its parent organizations, ensuring a strong
foundation for success.
Both Renovaro and the Amsterdam UMC Cancer Center believe that the commitment to
driving innovation in more non-invasive cancer therapies will enable significant
strides in the fight against cancer, offering hope to patients worldwide.
About Renovaro Group:
Renovaro aims to accelerate precision and personalized medicine for longevity
powered by mutually reinforcing AI and biotechnology platforms for early
diagnosis, better-targeted treatments, and drug discovery. Renovaro Inc.
includes RenovaroBio with its advanced cell-gene immunotherapy company and
RenovaroCube. RenovaroCube has developed an award-winning AI platform that is
committed to the early detection of cancer and its recurrence and monitoring
subsequent treatments. RenovaroCube intervenes at a stage where potential
therapy can be most effective. RenovaroCube is a molecular data science company
with a background in FinTech and a 10-year history. It brings together
proprietary artificial intelligence (AI) technology, multi-omics, multi-modal
data, and the expertise of a carefully selected multidisciplinary team to
radically accelerate precision medicine and enable breakthrough changes in
cancer care.
Upon the closing of the previously announced acquisition of Cyclomics (winner of
the Health Holland Venture Challenge), RenovaroCube will be capable of
performing liquid biopsies using proprietary technologies to identify single
cancer DNA molecules in only one vial of blood. In combination with Oxford
Nanopore Technology, genetic information can be retrieved over multiple genetic
layers to develop the next generation of cancer diagnostics. We believe this
will transform cancer care by enabling faster and more accurate diagnosis
throughout the patient journey.
About Amsterdam UMC/ CCA
With over 16,000 employees and 1,400 beds, Amsterdam UMC is one of the largest
University Hospitals in the Benelux. The two locations of Amsterdam UMC, merged
in 2020, work together to provide good and accessible care for millions of
people. Amsterdam UMC focuses on a future where diseases can be prevented and
where patients receive the best treatments. Amsterdam UMC has eight research
institutes, the largest being the Cancer Center. The VUmc location (former Free
University Hospital) emphasizes cancer and neurodegenerative disease research.
The researchers affiliated are internationally recognized among the top in
medical scientific research.
The Cancer Center Amsterdam was founded as a research institute over 25 years
ago by Prof. Bob Pinedo and his colleagues to pursue innovative cancer research.
Today, Cancer Center Amsterdam has become much more than an academic oncology
center, encompassing all cancer care, research, and education at Amsterdam UMC.
It is also aligned with the Cancer Center Amsterdam Foundation, which raises
funds to empower promising developments in oncology research and patient care at
Amsterdam UMC, and with Amsterdam UMC Holding, the corporate entity set up to
actively bring highly promising medical innovation to the market.
Forward-Looking Statements
Statements in this press release that are not strictly historical in nature are
forward-looking statements. These statements are only predictions based on
current information and expectations and involve a number of risks and
uncertainties, including but not limited to the success or efficacy of our
pipeline and platform. All statements other than historical facts are forward-
looking statements, which can be identified by the use of forward-looking
terminology such as "believes," "plans," "expects," "aims," "intends,"
"potential," or similar expressions. Actual events or results may differ
materially from those projected in any of such statements due to various
uncertainties, including as set forth in Renovaro's most recent Annual Report on
Form 10-K filed with the SEC. Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the date hereof. All
forward-looking statements are qualified in their entirety by this cautionary
statement, and Renovaro Inc. undertakes no obligation to revise or update this
press release to reflect events or circumstances after the date hereof.
For media inquiries, please contact: karen@renovarocube.com
Source: Renovaro Inc.
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