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FINWIRES

Racura Oncology, University of Wollongong Win New South Wales Government Funding for Cancer Study

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-- Racura Oncology (ASX:RAC) and the University of Wollongong secured funding under the New South Wales government's TechVouchers program to study the efficacy of (E,E)-bisantrene for certain types of breast and ovarian cancers, according to a Wednesday filing with the Australian bourse.

A collaboration between Racura and the University aims to produce preclinical evidence for the development of RC220 as a new targeted therapy, per the filing.

Results from the collaboration are expected to come out over the next 12 months.

Racura Oncology shares gained 2% in recent Wednesday trade.

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