Rein Therapeutics Inc. (RNTX)
NASDAQ (CM) NASDAQ (CM) Primary Summary
Rein Therapeutics (NASDAQ:RNTX) Stock Price Up 1.6% – What’s Next?
Shares of Rein Therapeutics Inc. (NASDAQ: RNTX - Get Free Report) traded up 1.6% during trading on Friday. The stock traded as high as $1.3451 and last traded at $1.30. 44,298 shares changed hands during trading, a decline of 51% from the average session volume of 90,560 shares. The stock had previously closed at $1.28.
Rein Therapeutics Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| YA Yinka Akinsola Blue Trust Inc. | 20 | $35.4 | $18.4 | -$17 | -48.02% |
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Rein Therapeutics Inc. Profile
| Pharmaceuticals Industry | Healthcare Sector | James Brian Windsor CEO | NASDAQ (CM) Exchange | 00887A204 CUSIP |
| US Country | 11 Employees | - Last Dividend | 11 Nov 2022 Last Split | - IPO Date |
Overview
Rein Therapeutics, Inc. is a clinical-stage biopharmaceutical company dedicated to innovating and commercializing a new class of therapeutics aimed at treating cancer and other serious diseases. The company is particularly focused on the development of its lead product candidate, ALRN-6924, which has the potential to transform the paradigm of cancer treatment. This innovative product is a cell-permeating peptide specifically designed to interrupt the interaction of p53 suppressors, MDM2 and MDMX, with the tumor suppressor protein p53. By reactivating tumor suppression in cancers that retain non-mutated or wild-type p53, the therapy holds promise for enhancing tumor regression and improving patient outcomes. Founded on August 6, 2001, by a team of experts including Gregory L. Verdine, Rosana Kapeller, Huw M. Nash, Joseph A. Yanchik III, and Loren David Walensky, Rein Therapeutics is headquartered in Austin, Texas.
Products and Services
- ALRN-6924:
This is the lead product candidate from Rein Therapeutics. ALRN-6924 is a novel cell-permeating peptide that targets the MDM2 and MDMX proteins, which inhibit the function of the p53 tumor suppressor. By disrupting these interactions, ALRN-6924 aims to reactivate p53 and restore its tumor suppressor activities in non-mutated p53 cancers, thereby providing a new treatment avenue for patients afflicted with such tumors.
