Advertisement

Picture EBD Group BIO-Europe 2024 Stockholm from 14 Sep 650x100px
Financing › Details

ImmunOs Therapeutics–SEVERAL: investment, 202409 financing round Series C $11m led by Gimv + Pfizer Ventures ü+ Mission BioCapital + BioMedPartners

 

Period Period 2024-09-17
  Predecessor ImmunOs Therapeutics–SEVERAL: investment, 202206 financing round Series B $74m led by Samsara BioCapital + Lightspeed VP + Gimv
Organisations Money taker ImmunOs Therapeutics AG
  Money source SEVERAL
Products Product IOS-1002 (formerly iosH2) (ImmunOs Therapeutics)
  Product 2 venture capital
Persons Person Tregay, Steven (Mission BioCapital 202409 Managing General Partner formerly Forma Therapeutics + Novartis Venture Fund)
  Person 2 Baran, Michael (Pfizer 201912 Principal at Pfizer Ventures + Exec Director External Science + Innovation)
     

ImmunOs Therapeutics AG. (9/17/24). "Press Release: ImmunOs Therapeutics AG Raises $11 Million and Further Strengthens Investor Base".

> Existing investors and new investor Double Point Ventures join forces to support ImmunOs Therapeutics

> Investment secures funding of ongoing promising clinical trial of IOS-1002 in solid cancers


ImmunOs Therapeutics AG, a biopharmaceutical company leveraging its unique immune system modulating HLA-based technology platform to develop first-in-class therapeutics for the treatment of cancer and autoimmune diseases, today announced the closing of a Series C financing round of $11 million. The round was led by existing investors Gimv, Pfizer Ventures, Mission BioCapital, BioMed Partners and supported by new investor Double Point Ventures as well as other existing investors. In conjunction with the round, Steve Tregay, PhD, Managing General Partner of Mission BioCapital, has joined the Company’s Board of Directors.

Proceeds from the Series C will be used to further fund the ongoing clinical trial of ImmunOs’ lead program IOS-1002 to completion of the Phase Ia dose escalation clinical trial as a monotherapy and in combination with MSD’s (Merck & Co., Inc., Rahway, NJ, USA) anti-PD-1 therapy KEYTRUDA® (pembrolizumab). IOS-1002 is a novel, multifunctional immunotherapy agent for the treatment of advanced solid tumors that simultaneously targets several immune checkpoints. It is based on a naturally occurring human leukocyte antigen (HLA) targeting LILRB1 (ILT2), LILRB2 (ILT4), and KIR3DL1 and designed to activate both innate and adaptive immune cells to modulate the tumor microenvironment, potentially also enhancing the ebectiveness of existing IO treatments such as KEYTRUDA.

"We are delighted to close this important financing round with existing and new investors," said Reinhard Ambros, Executive Chairman of the Board of ImmunOs Therapeutics. "The raise underlines the high interest in this space and potentially highly relevant therapeutic option of our well diberentiated lead program. The funding allows us to proceed with our lead program IOS-1002 as monotherapy and in combination with KEYTRUDA. IOS-1002 is the most advanced HLA-based program worldwide addressing these relevant targets and obering such a novel, multifunctional immunotherapy approach.”

“We are excited to invest in ImmunOs Therapeutics with its large potential as a first-in-class immunotherapy approach for the treatment of both solid and liquid tumors,” Campbell Murray, Advisor at Double Point Ventures said. “We look forward to supporting ImmunOs’ success.”

“We believe that ImmunOs Therapeutics’ unique platform is well-positioned to deliver potential innovative approaches in inflammatory diseases and immuno-oncology,” Michael Baran, Partner at Pfizer Ventures added. “We look forward to the opportunity to review clinical data potentially in 2025.”

“The Company is well diberentiated to exploit its potentially first-in-class immunotherapy for the benefit of patients with limited therapeutic options. ImmunOs’ approach of identifying HLA molecules with naturally tailored abinity and specificity profiles is not just elegant but also truly diberentiated,” stated Andreas Jurgeit, PhD, Partner at Gimv. “We are extremely excited by the Press Release progress being made at ImmunOs and proud to support the team further towards clinical validation for the benefit of patients.”

“ImmunOs Therapeutics has a very innovative approach to target myeloid checkpoints which are potentially the next major breakthrough in immuno-oncology,” said Steve Tregay, Managing General Partner at Mission BioCapital. “We look forward to enable more exciting data from the clinical trials of IOS-1002.”

ImmunOs Therapeutics is committed to advancing the clinical development of IOS-1002 and exploring its potential to improve the lives of cancer patients.


KEYTRUDA® is a registered trademark of Merck Sharp & Dohme LLC, a subsidiary of Merck & Co., Inc., Rahway, NJ, USA.


###


About ImmunOs Therapeutics AG

ImmunOs Therapeutics AG leverages its unique immune system modulating HLA-based technology platform to develop first-in-class therapeutics for the treatment of cancer and autoimmune diseases. ImmunOs’ lead program is a multi-functional HLA-fusion protein that binds specific LILRB (leukocyte immunoglobulin-like) and KIR (killer cell immunoglobulin-like) receptors and can stimulate both the innate and the adaptive immune systems of cancer patients to eliminate tumor cells. ImmunOs is also developing diberent modalities to agonize receptors for the modulation of the immune system in autoimmune diseases.

The Company is supported by leading international investors and is located in Schlieren, Switzerland. For more information, please visit www.immunostherapeutics.com.


Company Contact

ImmunOs Therapeutics AG
Wagistrasse 18
8952 Schlieren (Zurich Area), Switzerland
info@immunostherapeutics.com


Media Inquiries

akampion
Dr. Ludger Wess / Ines-Regina Buth
Managing Partners
info@akampion.com
Tel. +49 40 88 16 59 64 /
Tel. +49 30 23 63 27 68

   
Record changed: 2024-09-17

Advertisement

Picture Consultech GmbH Secure Funding with RnD Grants 650x200px

More documents for ImmunOs Therapeutics AG


To subscribe to our free, monthly newsletter for the European life sciences, please send an e-mail to info@iito.de and simply fill the subject line with the word »LSE Newsletter«

Find more infos about advertising at [iito] web portals in our media flyer [iito] in a Nutshell [PDF file]

Advertisement

Picture EBD Group Biotech Showcase 2025 San Francisco BTS25 650x200px




» top