Rain Therapeutics

Rain Therapeutics

Developing small molecule targeted therapeutics for cancer patients that possess a clear, and single, oncogenic driver. Learn more

Launch date
Employees
Market cap
CAD60.0m
Enterprise valuation
(CAD45m) (Public information from Jan 2024)
Fremont California (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD2019202020212022
EBITDA(10.8m)(20.9m)(51.4m)(77.1m)
Profit(10.9m)(21.1m)(51.4m)(75.7m)
R&D budget7.3m15.4m40.8m61.4m
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DateInvestorsAmountRound
-

N/A

-
N/A

$1.0m

Convertible

$18.4m

Series A
N/A

$63.0m

Early VC
N/A

$125m

Valuation: $460m

-22.0x EV/LTM EBITDA

IPO
*

$50.0m

Acquisition
Total FundingCAD112m

Recent News about Rain Therapeutics

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More about Rain Therapeuticsinfo icon
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Rain Therapeutics is a biotechnology company focused on developing targeted therapies for cancer patients. The company identifies cancers with a single, clear oncogenic driver and evaluates subpopulations of cancer patients with unmet needs where current standards of care are ineffective. Utilizing a global network of scientific and thought leaders, Rain Therapeutics matches these cancers with small molecule therapeutics designed to treat specific cancer mutations. The company's lead program, tarloxotinib, is a hypoxia-activated prodrug aimed at treating cancers with specific genetic mutations. Rain Therapeutics primarily serves patients with cancer, operating within the oncology market. The business model involves the development and commercialization of proprietary cancer therapies, generating revenue through the sale of these specialized treatments.

Keywords: targeted therapies, cancer, oncogenic driver, unmet needs, small molecule therapeutics, tarloxotinib, hypoxia-activated, biotechnology, oncology, genetic mutations.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.