ImmunOs Therapeutics Secures $11 Million for Cancer Trials
ImmunOs Therapeutics Secures Significant Funding for Cancer Treatment
ImmunOs Therapeutics AG, a pioneering biopharmaceutical company specializing in immune system modulation, recently announced a successful closing of a Series C financing round, raising an impressive $11 million. This new funding will significantly bolster the company's ongoing clinical trials aimed at developing breakthrough cancer therapies.
Key Investors Join Forces
This financing was led by notable existing investors, including Gimv, Pfizer Ventures, Mission BioCapital, and BioMed Partners, and welcomed Double Point Ventures as a new investor. The involvement of these distinguished firms highlights a strong consensus around ImmunOs Therapeutics’ innovative capabilities and its promising future in the field of immuno-oncology.
Advancements in Clinical Trials
The proceeds from this investment are earmarked to support the Phase Ia clinical trial of IOS-1002, ImmunOs’ lead program, which is being evaluated both as a monotherapy and in combination with MSD’s (Merck & Co., Inc.) anti-PD-1 therapy KEYTRUDA. The dual-action of IOS-1002 is designed to target several immune checkpoints, potentially creating synergies with existing therapies and enhancing patient outcomes.
What Makes IOS-1002 Unique?
IOS-1002 is characterized as a multifunctional immunotherapy agent specifically created for advanced solid tumors. Its innovative mechanism revolves around a naturally occurring human leukocyte antigen (HLA), focusing on targeting LILRB1, LILRB2, and KIR3DL1. This targeted approach aims to energize both innate and adaptive immune responses, thereby modulating the tumor microenvironment and potentially improving therapeutic effectiveness.
Expert Opinions on Recent Developments
Statements from key executives reflect an optimistic outlook on this latest funding round. Reinhard Ambros, Executive Chairman of ImmunOs, expressed enthusiasm for the strong interest from both existing and new investors, which underscores the relevance of their unique therapeutic strategies. He emphasized how this funding would allow them to advance IOS-1002 forward, reinforcing its position as a leading HLA-based treatment.
Future Expectations from Key Stakeholders
Campbell Murray, an advisor at Double Point Ventures, remarked on the substantial potential of ImmunOs’ first-in-class immunotherapy approach while expressing eagerness to support their journey. Similarly, Michael Baran from Pfizer Ventures acknowledged the unique position of ImmunOs in delivering innovative solutions in inflammatory diseases and immuno-oncology, with an eye towards upcoming clinical data reviews.
About ImmunOs Therapeutics AG
Headquartered in Schlieren, Switzerland, ImmunOs Therapeutics AG innovatively leverages its HLA-based technology platform to create cutting-edge therapies for cancer and autoimmune diseases. Their lead program, a HLA-fusion protein, has shown promise in binding specific receptors to stimulate both arms of the immune system effectively, aiming to eliminate tumor cells.
In addition to advancing its therapeutic programs, ImmunOs remains committed to expanding its portfolio through various modalities designed to modulate the immune system, particularly in challenging autoimmune conditions. This comprehensive approach positions ImmunOs as a well-rounded player within the biopharmaceutical landscape.
Frequently Asked Questions
What is the primary focus of ImmunOs Therapeutics AG?
ImmunOs Therapeutics focuses on developing first-in-class therapeutics for cancer and autoimmune diseases using its unique HLA-based technology platform.
What will the recent funding be used for?
The recent $11 million funding will be used to support ongoing clinical trials for the IOS-1002 program and facilitate its completion.
Who are the key investors involved in the Series C financing?
Key investors include Gimv, Pfizer Ventures, Mission BioCapital, BioMed Partners, and the new participant, Double Point Ventures.
What is IOS-1002?
IOS-1002 is an innovative multifunctional immunotherapy designed to treat advanced solid tumors by targeting multiple immune checkpoints.
Where is ImmunOs Therapeutics headquartered?
The company is headquartered in Schlieren, Switzerland, and engages in extensive research and development in immunotherapy.
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