Funding
Oncos Therapeutics, of Helsinki, Finland, which is developing cancer therapeutics based on oncolytic viruses, has completed a €4 million investment from HealthCap.
After treating 200 late-stage cancer patients since 2007, Oncos has selected its modified oncolytic adenovirus CGTG-102 as its lead clinical candidate. “This is the first step to turn our Advanced Therapy Access Programme results into cancer therapeutics,” said Pekka Simulate, CEO and co-founder.
“The results have been strong for late stage solid tumour cancers, where routine therapies have failed. We are confident that when treating earlier-stage patients, our oncolytic virus therapy will prove even more significant,” Abseil Hemminge, Chief Scientific Officer and co-founder.
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