Oncos Therapeutics Raises € 4 Million From Healthcap to Develop Oncolytic Viruses Into Cancer Treatments
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|Thursday, 29 April 2010 09:00 (UTC + 2)|
Helsinki, Finland, April 29, 2010 / b3c newswire / - Oncos Therapeutics, a biotech company developing new cancer therapeutics based on its next generation oncolytic viruses, completed a € 4 million ($ 5.5 million) investment from HealthCap. With committed capital exceeding € 800 million, HealthCap is one of the largest specialized providers of venture capital within life sciences in Europe.
“The results have been strong for late stage solid tumor cancers where routine therapies have failed. Time is critical in the treatment of cancer. We are confident that when treating earlier stage patients, our oncolytic virus therapy will prove even more significant”, continues Research Professor Akseli Hemminki, CSO and co-founder.
“Oncolytic viruses are maturing as a new treatment modality in cancer. Oncos, as one of the leading companies in the field, and combines very promising results in humans with strong science”, comments Dr Johan Christensen, partner at HealthCap.
About Oncos Therapeutics - www.oncos.com
Oncos Therapeutics develops new cancer therapies based on its next generation oncolytic viruses. The company’s unique Advanced Therapy Access Program was started in 2007 for cancer patients in whom standard-of-care therapies have failed. Today, 200 patients have undergone individually tailored oncolytic virus therapy suggesting strong safety and efficacy. The program is based on extensive scientific research at the University of Helsinki and serves as the foundation for ongoing clinical development. Oncos Therapeutics publishes industry’s oncolytic virus therapy blog: www.oncolyticvirus.wordpress.com. For more information about Oncos visit: www.oncos.com.
About HealthCap - www.healthcap.se
About CGTG-102 engineered oncolytic adenovirus