4 years ago
Vaccitech Secures $168M Series B to Advance Immunotherapy Pipeline
Oxford-based Vaccitech, the startup behind AstraZeneca's COVID-19 vaccine, has raised $168 million in Series B funding
The round was led by M&G Investment Management with participation from new and existing investors
The funding will support the development of Vaccitech's infectious disease and immuno-oncology programs, including clinical trials for chronic hepatitis B, HPV infection, and prostate cancer.
ProblemHealthcare
"Many people suffer from chronic diseases like hepatitis B, HPV infection, and cancer, and there is a need for effective new treatments."
Solution
"Vaccitech is developing a new immunotherapy platform that uses a combination of modified simian adenoviral vectors and the Modified Vaccinia Ankara virus to prime and boost the immune response against cells infected with a virus or tumor cells. This approach has been shown to drive powerful immune responses, including the leading CD8+ T cell stimulation profile in humans."