RenovoRx, Inc. is increasing production of its FDA-cleared RenovoCath catheter-based device to meet the growing demand for targeted drug delivery in oncology.
The initial total addressable market for RenovoCath is estimated to be approximately $400 million in peak annual U.S. sales.
RenovoRx's first-quarter 2025 revenue from RenovoCath is expected to reach the low six-figure range, with continued quarterly growth throughout the year.
Members of RenovoRx's management team and Board of Directors have shown confidence in the company's business plan by purchasing an aggregate of 143,145 shares of RenovoRx stock.