Major Oslo Cancer Cluster delegation to Nordic Life Science Days/ECCP2014

The largest Nordic Life Science conference “Nordic Life Science Days” (NLSDays) will take place in Stockholm September 7-9. At present 652 delegates from 456 companies are registered – offering 339 licencing opportunities.

A large delegation from Oslo Cancer Cluster will join this years NLSDays that also features the European Cancer Cluster Partnering, which Oslo Cancer Cluster hosts together with French Cancer Bio-Santé.

17 members present
As of now, 17 Oslo Cancer Cluster member companies will be present at NLSDays/ECCP: APIM Therapeutics, Inven2, Nextera, Ultimovacs, Lifandis, Vaccibody, Norwegian Cancer Society, LINK Medical Research, Lytix Biopharma, Targovax, NTNU Technology Transfer, Oncoimmunity, Bergen Technology Transfer, Birk Venture, Oslo University Hospital, University of Oslo and PCI Biotech.

ECCP Oncology Track
The ECCP Oncology Track features a strong oncology program focusing on three major topics; early stage oncology possibilities, Immuno-Oncology and the coupling of biomarkers, bio banks and big data in cancer treatment. Major international speakers will join and the program covers the whole value chain from research to market.

Norwegian stand promoting Norwegian Healthcare Industry
Kindly sponsored by Innovation Norway, Oslo Cancer Cluster and Nansen Neuroscience Network organizes a joint conference booth promoting cluster members and the Norwegian Life Science sector. Please come and visit us to hear more about the strengths of Norwegian Healthcare Industry. The joint Norwegian Stand will be served by the Management Teams of both clusters.

More information www.nlsdays.com

 

Protecting oncology innovations – download presentations

 

Researchers, clinicians and start-ups filled up the seminar room when Oslo Cancer Cluster Incubator together with the Norwegian Industrial Property Office (Patentstyret) and Inven2 invited to a breakfast meeting on June 18th. The breakfast seminar had a special focus on protecting oncology innovations.

 

Some take-home-messages from the seminar:

  • Patents give you negotiation power, and is probably the biggest income source for Norwegian biotech start-ups.
  • Never publish anything on what you might wish to patent: Not even talk about it in a public meeting.
  • Researchers at University of Oslo and Oslo University Hospital: As soon as you think you have an innovation that could be patented, please contact Inven2 for advice.
    Researchers at other universities/university hospitals should contact their TTO`s.

 

Download presentations
All the presentations from the Oslo Cancer Cluster Incubator breakfast meeting may be downloaded below:

Targovax successfully completes a 70 MNOK financing

Targovax

Immunotherapy specialist Targovax announces completion of a 70 MNOK financing, mainly from new investors. The share issue was significantly oversubscribed.

CEO Hanne M Kristensen states; “The capital increase of 70 MNOK will make us able to continue developing Targovax’s pipeline of immunotherapies targeting RAS mutated cancer forms, and also gives us a strong position to develop Targovax as a company”.

Chairman Jónas Einarsson comments; “This is an important step forward for Targovax, and clearly shows that the Norwegian investment community has opened its eyes to our sector.”

Datum and partners represent the largest new group of shareholders, and look forward to working together with the company management in the years to come, to develop the company’s potential.

Arctic Securities ASA is the manager for the share issue. The company will be OTC-listed shortly after completion of the financing round.

Read more about Targovax here.

 



In Norwegian:

Immunterapi-spesialisten Targovax annonserer i dag gjennomføringen av en suksessfull kapitalutvidelse på 70 MNOK (11.5 MUSD), hovedsakelig fra nye investorer. Kapitalutvidelsen var vesentlig overtegnet.

CEO Hanne M Kristensen sier: “Kapitalutvidelsen på 70 MNOK gjør oss i stand til å fortsette å utvikle Targovax’ pipeline av immunterapi rettet mot RAS-muterte kreftformer, og gir oss en solid posisjon for å utvikle Targovax som selskap.“

Styreleder Jónas Einarsson kommenterer; “Dette er et viktig skritt fremover for Targovax og viser med all tydelighet at investormiljøet for alvor har fått øynene opp for vår sektor.“

Datum og partnere representerer den største nye gruppen av aksjonærer, og ser frem til å arbeide med selskapets ledelse i årene fremover for å utvikle selskapets potensial.

Arctic Securities ASA har vært tilrettelegger for kapitalutvidelsen. Selskapet vil bli OTC-listet kort tid etter gjennomføring av kapitalutvidelsen.

 

Targovax successfully completes a 70 MNOK financing

Targovax

Oslo Cancer Incubator Category

Immunotherapy specialist Targovax announces completion of a 70 MNOK financing, mainly from new investors. The share issue was significantly oversubscribed.

CEO Hanne M Kristensen states; “The capital increase of 70 MNOK will make us able to continue developing Targovax’s pipeline of immunotherapies targeting RAS mutated cancer forms, and also gives us a strong position to develop Targovax as a company”.

Chairman Jónas Einarsson comments; “This is an important step forward for Targovax, and clearly shows that the Norwegian investment community has opened its eyes to our sector.”

Datum and partners represent the largest new group of shareholders, and look forward to working together with the company management in the years to come, to develop the company’s potential.

Arctic Securities ASA is the manager for the share issue. The company will be OTC-listed shortly after completion of the financing round.

Read more about Targovax here.

 



In Norwegian:

Immunterapi-spesialisten Targovax annonserer i dag gjennomføringen av en suksessfull kapitalutvidelse på 70 MNOK (11.5 MUSD), hovedsakelig fra nye investorer. Kapitalutvidelsen var vesentlig overtegnet.

CEO Hanne M Kristensen sier: “Kapitalutvidelsen på 70 MNOK gjør oss i stand til å fortsette å utvikle Targovax’ pipeline av immunterapi rettet mot RAS-muterte kreftformer, og gir oss en solid posisjon for å utvikle Targovax som selskap.“

Styreleder Jónas Einarsson kommenterer; “Dette er et viktig skritt fremover for Targovax og viser med all tydelighet at investormiljøet for alvor har fått øynene opp for vår sektor.“

Datum og partnere representerer den største nye gruppen av aksjonærer, og ser frem til å arbeide med selskapets ledelse i årene fremover for å utvikle selskapets potensial.

Arctic Securities ASA har vært tilrettelegger for kapitalutvidelsen. Selskapet vil bli OTC-listet kort tid etter gjennomføring av kapitalutvidelsen.

 

Bergen Bio Raises MNOK 75

occ-strek

BerGenBio AS, an oncology biopharmaceutical company, announces that it has raised NOK75 million (c.$12.5 million) from a syndicate of new and existing investors through a private placement. This follows a $6.0 million round in May 2013.

Proceeds from the financing will be used to support the development of the Company’s innovative portfolio of innovative cancer therapeutics.This includes the on-going clinical development of its lead drug candidate, BGB324, a first-in-class selective AXL kinase inhibitor, which is currently in Phase Ib clinical studies to evaluate its safety and initial signs of efficacy to treat different cancers as a single agent and in combination with other drugs.

Fund pipeline advancement
The funds raised will be used to complete these studies, data from which is anticipated in 2015. BGB324 is the only selective Axl receptor tyrosine kinase inhibitor in clinical development to target tumour epithelial-mesenchymal transition (EMT) and has a potential application as a novel treatment for drug-resistant solid and hematological cancers, including non-small cell lung cancer and acute myeloid leukemia.

Richard Godfrey, CEO of BerGenBio commented: “I would like to thank our new and existing investors for their support. This important funding will enable us to advance our pipeline to key value inflection points. We believe that targeting Axl is a promising new approach to treating drug resistant cancers. We look forward to using this investment to continue exploring the clinical opportunity for our lead Axl inhibitor, BGB324, and our other candidate compounds.”

Huge market potential
Sveinung Hole, Managing Partner Sarsia Seed commented “At the seed stage we recognised the huge addressable market potential for BerGenBio`s EMT inhibitors and have continued to support the Company throughout its development. I am delighted the Company continues to attract funding and is able to progress its promising pipeline of novel targeted cancer therapies through further clinical development and realising significant value gain.

Ann-Tove Kongsnes, Investment Director, Investinor AS added, `we are excited by the Company’s prospects and are confident in the management team’s ability to drive these programs forward.”


About the Axl kinase receptor

The Axl tyrosine kinase receptor is regarded as one of the most promising new therapeutic targets for cancer drug  development It is upregulated in tumours residing in a hostile micro-environment and plays a crucial role in the epithelial-mesenchymal transition (EMT), which in turn is a key driver of metastasis (cancer spread) and a mechanisms of acquired drug-resistance.

About BerGenBio AS
BerGenBio AS is a biopharmaceutical company located in Bergen, Norway. The company is committed to developing first in class therapeutics that inhibit tumor EMT, preventing the formation of cancer stem cells and disrupting the important mechanisms of acquired cancer drug resistance. The company is founded on proprietary platform technology called CellSelect™, which uses information from RNAi screening studies to identify and validate novel drug targets and biomarkers. BGB324 is the first compound in BerGenBio’s pipeline to enter clinical trials, with additional compounds and drug targets at different stages of preclinical development. www.bergenbio.com

 

Join the Oslo Cancer Cluster Innovation Park & Incubator

Oslo Cancer Cluster Innovation Park

Innovation Park

May 2015 is THE grand opening of Oslo Cancer Cluster Innovation Park and Oslo Cancer Cluster Incubator. Would you like to join us in the fight against cancer by being part of a power centre for developing innovative cancer treatment? Contact us now, and see what we may offer you as a tenant  in the Innovation Park or the Incubator.

With the opening of the Oslo Cancer Cluster Innovation Park, the whole value chain within oncology R&D in the Oslo-area is brought together at one place: The Radium Hospital Innovation Campus.

Oslo Cancer Cluster Innovation Park is made up of a ground space of two floors and three semi-separate buildings on top. Ullern High School with 900 students will inhabit the ground space. Here you will also find a cantina, a hall for multi-purpose use and a seminar room.

Already now, the Oslo Cancer Cluster Innovation Park is filling up. If you decide to join us, you will be in good company as well as in the heart of where innovative cancer R&D are being developed.

Oslo Cancer Cluster Incubator  – where budding biotechs bloom
The Oslo Cancer Cluster Incubator will provide a dynamic, creative and professional growth environment for scientists and start-ups within oncology, so that outstanding research is transformed into innovative therapies.

In the Incubator both researchers and start-ups may rent both office and lab space, scaling up and down as needed. The Incubator also provides a very attractive “plug and play” model – where all practicalities are taken care of.

Oslo Cancer Cluster Incubator receives financial support from the governmental agency Siva, the Industrial Development Corporation of Norway. The funding will be used to develop and implement a tailor made business development concept for the tenants of the Incubator.

Contact: 

Oslo Cancer Cluster Innovation Park
Jónas Einarsson
Initiator of the Oslo Cancer Cluster Innovation Park
Mobile: +47 480 96 355
E-mail: je@radforsk.no

Oslo Cancer Cluster Incubator
Ketil Widerberg
General Manager, Oslo Cancer Cluster
Mobile: +47 915 77 990
E-mail: kw@oslocancercluster.no