“I’m very happy for the opportunity to present Oncology Venture and 2X Oncology at this year’s Biotech Showcase. Oncology Venture has made substantial progress since the last year’s conference and we look very much forward to present 2X Oncology Inc.- a spinout of OV focused on developing precision medicine for women’s cancer - for the first time to investors says Peter Buhl Jensen, M.D., CEO of Oncology Venture.
For further information about Oncology Venture, please contact:
|Ulla Hald Buhl, COO andChief IR & CommunicationsMobile: +45 2170 firstname.lastname@example.org
||Peter Buhl Jensen, CEOMobile: +45 21 60 89 22E-mail: email@example.com
About 2X Oncology Inc.
2X Oncology Inc., is a therapeutic spinout of Oncology Venture in the US. The company is a Women’s Cancer precision medicine company focused on advancing the development of promising, novel clinical-stage cancer drugs - in combination with OV’s Drug Response Predictor (DRP™), a platform technology that develops companion diagnostics to select high likelihood responding patients. The initial therapeutic focus of 2X Oncology will be unmet medical needs in Breast Cancer and Ovarian Cancer. The spin-out will work in close collaboration with Oncology Venture, utilizing OV’s Nordic network. 2X Oncology Inc. is finalizing term sheets to in-license a suite of promising oncology drugs for the treatment of unmet needs in women’s cancers and is in the process of hiring management.
About Oncology Venture Sweden AB
Oncology Venture Sweden AB is engaged in the research and development of anti-cancer drugs via its wholly owned Danish subsidiary Oncology Venture ApS. Oncology Venture has a license to use Drug Response Prediction – DRP™ – in order to significantly increase the probability of success in clinical trials. DRP™ has proven its ability to provide a statistically significant prediction of clinical outcomes from drug treatment in cancer patients in 29 of the 37 clinical studies that were examined. The Company uses a model that alters the odds in comparison with traditional pharmaceutical development. Instead of treating all patients with a particular type of cancer, patients’ tumors genes are screened first and only those who are most likely to respond to the treatment will be treated. Via a more well-defined patient group, the risk and costs are reduced while the development process becomes more efficient.
The current product portfolio: LiPlaCis for Breast Cancer in collaboration with Cadila Pharmaceuticals, Irofulven developed from a fungus for prostate cancer and APO010 – an immuno-oncology product for Multiple Myeloma.