2 years ago
NeoPhore Raises Additional £9.6M in Series B Extension to Advance Cancer Therapies
NeoPhore, a London-based immuno-oncology company, secured an additional £9.6 million in Series B funding, bringing the total to £31.1 million
The round was led by existing investors CPF managed by Sixth Element Capital, Claris Ventures, Astellas Venture Management, 3B Future Health Fund, and 2investAG, with the addition of three new investors: NEVA SGR, LIFTT, and Simon Fiduciaria
NeoPhore is focused on developing small molecule therapies that target the DNA mismatch repair (MMR) pathway to treat cancer
The company plans to use the funds to advance its drug discovery pipeline and deliver a candidate drug for its lead PMS2 program by early 2025.
ProblemHealthcare
"Cancer is a serious disease with limited treatment options. Current treatments often have serious side effects and don't work for all patients."
Solution
"NeoPhore is developing novel small molecule therapies to stimulate the immune system to fight cancer. Their approach targets the DNA mismatch repair pathway, which is known to generate cancer neoantigens. This approach aims to provide a new treatment option for cancer patients with improved clinical outcomes."