Race Oncology

Race Oncology

RAC.AXPhase 2
Sydney, AustraliaFounded 2016raceoncology.com

Race Oncology is a specialty pharmaceutical company dedicated to the clinical development and commercialization of bisantrene, a drug with a unique dual mechanism of action combining DNA intercalation with inhibition of the fat mass and obesity-associated (FTO) enzyme. The company's primary focus is on acute myeloid leukemia (AML), targeting patient populations with poor prognoses, including those with relapsed/refractory disease and cardiac risk factors where bisantrene's reduced cardiotoxicity profile offers a potential advantage. Race is advancing bisantrene through clinical trials while exploring its potential in other solid and hematological malignancies. The company's strategy is built on securing intellectual property, generating robust clinical data, and pursuing strategic partnerships to maximize the value of its lead asset.

Market Cap
$360.0M
Founded
2016
Employees
10-20
Focus
Biotech

RAC.AX · Stock Price

USD 2.83+0.15 (+5.60%)

Historical price data

AI Company Overview

Race Oncology is a specialty pharmaceutical company dedicated to the clinical development and commercialization of bisantrene, a drug with a unique dual mechanism of action combining DNA intercalation with inhibition of the fat mass and obesity-associated (FTO) enzyme. The company's primary focus is on acute myeloid leukemia (AML), targeting patient populations with poor prognoses, including those with relapsed/refractory disease and cardiac risk factors where bisantrene's reduced cardiotoxicity profile offers a potential advantage. Race is advancing bisantrene through clinical trials while exploring its potential in other solid and hematological malignancies. The company's strategy is built on securing intellectual property, generating robust clinical data, and pursuing strategic partnerships to maximize the value of its lead asset.

Technology Platform

Development of bisantrene, a dual-mechanism chemotherapeutic agent combining DNA intercalation with potent inhibition of the FTO (fat mass and obesity-associated) enzyme, a novel target in cancer epigenetics and stemness.

Pipeline Snapshot

4

4 drugs in pipeline

DrugIndicationStage
BisantreneAcute Myelogenous LeukemiaPhase 2
Bisantrene + Fludarabine + ClofarabineMyelogenous Leukemia, AcutePhase 2
RC220 + Doxorubicin (Adriamycin)Solid TumoursPhase 1
Bisantrene Dihydrochloride (high dose) + Bisantrene Dihydrochloride (low dose) +...Acute Myeloid LeukemiaPhase 1

Funding History

3

Total raised: $27M

IPO$15MUndisclosedJun 15, 2020
Series A$10MUndisclosedJun 15, 2018
Seed$2MUndisclosedJun 15, 2016

Opportunities

The primary opportunity is addressing the large unmet need in relapsed/refractory AML, particularly in patients with cardiac risks.
A secondary, significant opportunity lies in leveraging bisantrene's novel FTO inhibition mechanism to expand into other oncology indications, potentially in combination with immuno-oncology agents, which could dramatically increase its market potential.

Risk Factors

Key risks include clinical trial failure of the lead asset bisantrene in Phase 2, reliance on periodic equity fundraising in volatile markets, and intense competition in the evolving AML therapeutic landscape.
Regulatory hurdles and the future need for a commercialization partner also present significant challenges.

Competitive Landscape

Race Oncology competes in the AML space with targeted therapies (Venetoclax, FLT3/IDH inhibitors) and other chemotherapies. Its main differentiation is bisantrene's unique dual mechanism (DNA damage + FTO inhibition) and superior cardiac safety profile compared to standard anthracyclines. In the novel field of FTO inhibition, it faces potential future competition from earlier-stage biotechs.

Publications
19
Patents
6
Pipeline
4

Company Info

TypeTherapeutics
Founded2016
Employees10-20
LocationSydney, Australia
StagePhase 2
RevenuePre-revenue

Trading

TickerRAC.AX
ExchangeASX

Therapeutic Areas

OncologyHematology
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