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Renovaro Inc. (NASDAQ:RENB), a company with a market capitalization of $71.3 million and currently trading at $0.31 per share, announced that Maurice van Tilburg, chairman of the board of directors, has notified the company of his resignation, effective August 22, 2025. The company disclosed the departure in a statement included in a regulatory filing with the Securities and Exchange Commission. According to InvestingPro data, RENB has seen its stock price decline by over 76% in the past year.
According to the filing, Mr. van Tilburg’s decision to resign was not the result of any disagreement with Renovaro Inc. regarding its operations, policies, or practices. The company stated that the resignation is due to Mr. van Tilburg’s recent acceptance of a leadership position at another company in an unrelated sector, which will limit his availability to dedicate sufficient time to Renovaro.
The board of directors and management expressed their appreciation for Mr. van Tilburg’s service and leadership during his tenure.
Renovaro Inc. is incorporated in Delaware and its common stock is listed on the Nasdaq Stock Market under the symbol RENB. The information is based on a statement provided in a recent SEC filing.
In other recent news, Renovaro Inc. disclosed that it 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, potentially extending its deadline to December 29, 2025, if the plan is accepted. In addition, Renovaro’s subsidiary has secured a new patent for AI-driven drug discovery methods, enhancing its intellectual property portfolio. This patent focuses on integrating various biomedical data sources into a predictive modeling framework, which could improve their capabilities in diagnostics and drug discovery.
Furthermore, Renovaro has launched a new platform named Augusta, designed to advance drug discovery in neurology. This platform uses AI and multiomics data analytics to identify biomarkers and therapeutic targets, particularly in challenging areas like Parkinson’s Disease and epilepsy. Renovaro also announced a collaboration with Amsterdam University Medical (TASE:BLWV) Center to develop blood platelet RNA diagnostics for cancer detection. This partnership aims to improve diagnostic accuracy by leveraging AI and machine learning technologies.
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