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LOS ANGELES - Lunai Bioworks Inc., operating as Renovaro Inc. (NASDAQ:RENB), a micro-cap biotech company currently valued at $50 million and trading near its 52-week low at $0.22, announced Thursday it has retained American Defense International, Inc. (ADI) to help position its AI biomedical platforms for government use in developing countermeasures against chemical and biological weapons. According to InvestingPro data, the stock has declined over 73% in the past six months.
The collaboration aims to support U.S. government agencies in creating protective and therapeutic responses to threats including sarin nerve gas. ADI, a Washington, D.C.-based consulting firm specializing in defense and national security, will serve as Lunai’s strategic advisor to align the company’s capabilities with government initiatives. InvestingPro analysis indicates the company maintains a moderate debt level but faces challenges with short-term obligations exceeding liquid assets.
"Our mission is to leverage technology to protect and enhance human health," said David Weinstein, CEO of Lunai Bioworks Inc., in the press release. "In an era of rising geopolitical instability and biothreat risk, we believe our predictive platforms can offer government agencies critical tools to respond more rapidly and effectively to chemical and biological weapon threats."
The partnership will focus on programs within the Department of Defense, the Biomedical Advanced Research and Development Authority, and the Defense Advanced Research Projects Agency.
Van Hipp, Chairman of American Defense International, stated, "We are proud to work with Lunai Bioworks Inc. to support the U.S. government’s preparedness and response efforts against weapons of mass destruction."
Lunai’s AI platform currently harmonizes complex biomedical data in clinical and pharmaceutical settings. This new relationship extends its applications into defense and biodefense sectors.
The announcement comes as governments worldwide continue to seek advanced technological solutions for addressing chemical and biological threats in an evolving security landscape. With an overall Financial Health score of "FAIR" according to InvestingPro, investors can access 8 additional key ProTips and comprehensive financial metrics to better evaluate the company’s potential in this emerging opportunity.
In other recent news, Renovaro Inc. has officially changed its corporate name to Lunai Bioworks Inc. The change was effective from August 20, following the filing of necessary documents with the Secretary of State of Delaware. Despite this rebranding, the company’s stock will continue to trade under the ticker symbol RENB, although the CUSIP number will be updated. Additionally, Maurice van Tilburg, the chairman of the board, has announced his resignation, effective August 22, 2025. His departure is due to his acceptance of a leadership role at another company, and it is not related to any disagreements with Renovaro Inc. Furthermore, Renovaro has received a notice from the Nasdaq Stock Market for not holding its annual shareholder meeting within the required timeframe. The company must submit a plan to regain compliance within 45 days, which could potentially extend the deadline to December 29, 2025, if accepted. These developments mark a period of significant change for the company.
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