Race Oncology

Race Oncology

RAC.AX
Sydney, Australia· Est.
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RAC.AX · Stock Price

AUD 2.73+1.49 (+119.28%)
Market Cap: $367.3M

Historical price data

Market Cap: $367.3MPipeline: 4 drugsPatents: 6Founded: 2016Employees: Virtual/Lean ModelHQ: Sydney, Australia

Overview

Racura Oncology is advancing RC220, a reformulated version of the anthracene-based drug (E,E)-bisantrene, through three clinical programs in AML, EGFRm NSCLC, and solid tumors. The company's key innovations include the 2025 discovery of its novel MYC-silencing mechanism, enabling new composition-of-matter patents, and the demonstration of cardioprotection when combined with anthracyclines. Operating with a lean, virtual model, Racura's strategy is to progress its clinical portfolio while actively seeking strategic partnerships or M&A to accelerate global commercialization.

OncologyHematology

Technology Platform

Proprietary small molecule (E,E)-bisantrene that silences the MYC oncogene via G-quadruplex DNA/RNA binding and provides cardioprotection, reformulated as RC220 for peripheral IV administration.

Pipeline

4
4 drugs in pipeline
DrugIndicationStageWatch
BisantreneAcute Myelogenous LeukemiaPhase 2
Bisantrene + Fludarabine + ClofarabineMyelogenous Leukemia, AcutePhase 2
RC220 + Doxorubicin (Adriamycin)Solid TumoursPhase 1
Bisantrene Dihydrochloride (high dose) + Bisantrene Dihydroc...Acute Myeloid LeukemiaPhase 1

Funding History

3
Total raised:$27M
IPO$15M
Series A$10M
Seed$2M

Opportunities

RC220 addresses multi-billion dollar markets in AML, NSCLC, and cardioprotective chemotherapy.
Its novel MYC-silencing mechanism and proven cardioprotection create a unique, first-in-class profile with potential for combination use across a wide range of cancers, offering significant partnership or M&A appeal.

Risk Factors

Key risks include clinical trial failure in novel combinations, regulatory hurdles, pending patent grants, and the capital-intensive nature of Phase 3 development which may lead to shareholder dilution if non-dilutive partnerships are not secured.

Competitive Landscape

RC220's primary competition in AML includes targeted agents for genetic subsets; its broader mechanism is a differentiator. In solid tumors, its MYC-targeting and cardioprotection are nearly unique, positioning it as a complementary agent to standard chemotherapies rather than a direct competitor to most targeted therapies.

Company Timeline

2016Founded

Founded in Sydney, Australia

2016Seed

Seed: $2.0M

2018Series A

Series A: $10.0M

2020IPO

IPO — $15.0M