Renovaro (RENB) shares rose 8.4% in recent Friday trading after the company said its Renovaro Cube unit has launched a collaboration with artificial intelligence cloud infrastructure company Nebul to back projects for the early detection of cancer and other diseases.
Financial details weren't provided.
The project will use AI technologies and high-performance computing to "transform diagnostic and therapeutic methodologies," Renovaro said.
"The potential for multi-cancer early detection screening and recurrence testing will be powered by AI chips that can process vast data sets," Renovaro Chief Executive David Weinstein said in a statement.
Price: 1.68, Change: +0.13, Percent Change: +8.41
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