Rain Therapeutics Inc (OQ:RAIN)

Business Focus: Biotechnology & Medical Research

Sector:  Healthcare Industry:  Biotechnology & Medical Research
See Regulatory Filings on SEC
Company Contact
Address: 8000 Jarvis Avenue, Suite 204
Tel: N/A
Website: https://www.rainthera.com
IR: See website
Key People
Avanish Vellanki
Chairman of the Board, Chief Executive Officer, Co-Founder
Robert Doebele
Co-Founder, Acting Chief Science Officer
Trevor Wolfe
Director of Corporate Finance
Vijaya Tirunagaru
Vice President, Head of Biology and Non-Clinical Development
Lucio Tozzi
Vice President, Head of Clinical Operations
Business Overview
Rain Therapeutics Inc. (Rain) is a clinical-stage precision oncology company. The Company is engaged in developing therapies that target oncogenic drivers. The Company's lead product candidate, RAIN-32 (milademetan) is a small molecule, oral inhibitor of mouse double minute 2 (MDM2). It is being developed in patients with MDM2 amplified or overexpressed cancers. MDM2 inhibition is a treatment approach due to dose-limiting on-target hematologic toxicities. The initial development opportunity for RAIN-32 be in patients with MDM2-amplified tumors, beginning with well-differentiated/de-differentiated (WD/DD) liposarcoma (LPS) patients. Rain is also developing a preclinical program that is focused on inducing synthetic lethality in cancer cells by inhibiting RAD52. RAD inhibition leads to synthetic lethality in the DNA damage repair (DDR) pathway.
Financial Overview
For the fiscal year ended 31 December 2020, RainTherapeutics Inc revenues was not reported. Net lossincreased 93% to $21.1M. Higher net loss reflects PurchasedR&D Written Off increase from $0K to $5.2M (expense),Research and development expense - Bal increase of 35% to$9.6M (expense), FV Adjustments of Financial Investmentsincrease from $251K to $2M (expense).
Employees: 17 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: N/A
Annual revenue (TTM): N/A
Net annual income (TTM): N/A
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: N/A
Shares outstanding: 33,696,630 as of Apr 23, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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