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LOS ANGELES - Lunai Bioworks (NASDAQ:LNAI), trading at $1.29 and down over 84% year-to-date according to InvestingPro data, announced Monday that its Augusta AI platform achieved up to 35% improvement in Alzheimer’s diagnostic accuracy by combining MRI scans with genetic and metabolic data.
The company is launching a preclinical Alzheimer’s program to advance this technology toward clinical applications, according to a press release statement. Lunai also disclosed signing its first commercial contract last week to identify early markers of Alzheimer’s disease. InvestingPro analysis reveals the company faces significant financial challenges, with short-term obligations exceeding liquid assets and a concerning cash burn rate.
The diagnostic improvements were benchmarked using the Alzheimer’s Disease Neuroimaging Initiative dataset, which demonstrated that models integrating multiple data types outperformed those using single data sources.
"By leveraging AI to integrate and learn from the full biological context, including genetics, MRI imaging, metabolomics, and clinical records, we can generate models that are more predictive, more scalable, and more useful in the search for effective treatments," said David Weinstein, CEO of Lunai.
The company’s platform expansion includes automated parameter optimization across over 22,000 MRI processing runs and support for real-time distributed analysis using cloud architecture.
This development follows Lunai’s recent findings in Parkinson’s Disease research. BioSymetrics, a wholly-owned subsidiary of Lunai and creator of the Augusta platform, is working with research institutions and pharmaceutical companies to translate these findings into actionable biomarkers and clinical tools.
The company’s approach combines genetic, metabolic, and imaging data using distributed machine learning pipelines to address the complexity of Alzheimer’s disease, which affects millions worldwide. With a market capitalization of $29.9 million and current financial health rated as ’Weak’ by InvestingPro, investors should note that additional ProTips and detailed financial metrics are available to subscribers. Get access to over 8 key ProTips and comprehensive financial analysis to make informed investment decisions.
In other recent news, Lunai Bioworks Inc. announced a 10:1 reverse stock split set to take effect on September 30, 2025, as a measure to comply with Nasdaq’s minimum bid price requirements. The company will reduce its outstanding shares from approximately 231.8 million to about 23.2 million, with trading to continue under the symbol "LNAI." Additionally, Lunai Bioworks reported that its subsidiary, Gedi Cube B.V., has filed for bankruptcy in Amsterdam, with court-appointed receiver Mr. M.M. Dellebeke overseeing the proceedings. The parent company confirmed that its other operations will continue unaffected and is implementing contingency plans to address potential disruptions.
In a strategic move, Lunai Bioworks has partnered with American Defense International, Inc. to develop countermeasures against chemical and biological weapons for U.S. government agencies. The company also underwent a corporate name change from Renovaro Inc. to Lunai Bioworks Inc., effective August 20, while maintaining its Nasdaq symbol RENB. Lastly, Maurice van Tilburg, the chairman of the board, announced his resignation effective August 22, 2025, due to his acceptance of a leadership role at another company.
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