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Fundraisings and IPOs

Date: 2017-11-06

Type of information: Series B financing round

Company: Nouscom (Switzerland)

Investors: Abingworth (UK) 5AM Ventures (USA - CA) LSP (The Netherlands) Versant Ventures. (USA - CA)

Amount: €42 Million

Funding type: series B financing round

Planned used:

  • NousCom will use the proceeds to further advance its lead program NOUS-209, an off-the-shelf cancer vaccine, into Phase I/II clinical studies in 2018. The Company is planning to develop NOUS-209 as a prophylactic vaccine to prevent the occurrence of cancer in Lynch Syndrome Carriers (a genetically defined patient population with higher risk of developing colorectal, endometrial, and gastric cancers), and as a therapeutic vaccine for cancers characterized by Microsatellite Instability (tumors containing abnormalities affecting DNA repair). The company will also further the development of NOUS-100-PV, a personalized neoantigen based vaccine, which is expected to enter clinical studies in the second half of 2018. NousCom’s third program is an oncolytic virus specifically targeted to tumor cells. This program, which is based on a second platform Endovax, is in the discovery phase. NousCom’s Exovax platform consists of viral vector-based genetic vaccines encoding cancer neoantigens using proprietary prime / boost technology. Prophylactic vaccines, similar to the ones used by NousCom, have shown to induce potent, durable and high quality CD8 and CD4 immunological responses in clinical trials against infectious diseases. NousCom’s viral vectors have the ability to encode large numbers of neoantigens – an essential feature for induction of an effective immune response in cancer patients. In addition, the company has access to a scalable GMP manufacturing facility, which will support its clinical development and future ability to deliver personalized cancer vaccines to patients.

Others:

  • • On November 6, 2017, NousCom announced the completion of a €42 million Series B financing. The round involved a syndicate of leading transatlantic life sciences investors led by new investor Abingworth with participation from 5AM Ventures, also a new investor, and existing investors LSP and Versant Ventures. In conjunction with the financing, Dr. Genghis Lloyd-Harris of Abingworth and Dr. Scott Rocklage of 5AM will join NousCom’s board of directors alongside existing board Chairman Dr. Guido Magni from Versant Ventures, and board members Dr. Joachim Rothe from LSP, Dr. Jean-Paul Prieels and Dr. Alfredo Nicosia.

Therapeutic area: Cancer - Oncology

Is general: Yes