Race Oncology Limited (ASX:RAC)

Phillip Lynch
Market Cap (AUD): 498.25M
Sector: Health Care
Last Trade (AUD): 3.42 +0.02 (+0.59%)
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1. About

Race Oncology Limited (ASX:RAC) is a precision oncology company with a Phase II/III cancer drug called Bisantrene.

Bisantrene is a potent inhibitor of the Fat mass and obesity associated (FTO) protein. Over-expression of FTO has been shown to be the driver of a range of different types of cancer.

RAC is exploring the use of Bisantrene as a new therapy for melanoma and clear cell renal cell carcinoma, which are both frequent FTO over-expressing cancers.

RAC also has compelling clinical data for the use of Bisantrene as a chemotherapeutic agent with reduced cardiotoxicity in Acute Myeloid Leukaemia (AML), breast and ovarian cancers and is investigating its use in these areas.

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