Posts

A hundred attendants gather at the BFS-IOA 2017 meeting at Elverum, where Curida is located. Photo: Curida

Curida’s Spreading Roots

Curida has come a long way from defending their place at the Norwegian factory to setting their sights internationally. What is Curida and their goal all about?

 

Creating value within ones own country while steadily spreading roots globally is no easy feat, but the young Norwegian pharmaceutical company Curida is blooming.


Overcoming the threat at Elverum

The company’s history is a classic tragedy intertwined with devotion and a feel-good ending. In 2013, change of ownership and new strategic priorities threatened to strip 190 employees from their jobs at the manufacturing site in Elverum, Norway. New owners Takeda announced that the site in Elverum was to be shut down, after providing pharmaceutical manufacturing since 1974.

What followed was a feat of patience and outstanding motivation. Employees and management joined forces to establish a new company, form a new business model, and get going. In July 2015, Curida was established and operation carried on.


Going abroad 

Oslo Cancer Cluster member Curida is now a Contract Development and Manufacturing Organization, offering expertise in manufacturing and development of liquid pharmaceuticals.

The Curida customer base ranged from early-phase biotech companies to large, multinational pharma companies. Further growth in the international market is a top priority for the company. Curida is specialized on liquid products, using for example the advanced blow-fill-seal technology.

 

Unstoppable Ambition
Naturally, Curida has ambitious goals for home as well.

– In Norway we work closely with other start-up companies and make sure to help them thrive in production and innovation. Regardless of our vision to be a top-competitor internationally, locally, in Norway, we strive to become a national centre for industrialisation of medical innovation, says CEO Leif Rune Skymoen.

After overcoming the potential reality of shutting down, Curida now bursts through with unstoppable energy and ambition.

Jutta Heix, international advisor at Oslo Cancer Cluster, works on bringing SPARK to Norway.

Creating a SPARK in Innovation and Industry

Stanford programme SPARK provides a shimmer of hope for startup companies. Now, SPARK sets sights on Norway. What exactly is SPARK?

We live in a world where technological and innovative solutions in medicine and healthcare are steadily pouring in. Not to mention, these solutions have the power to completely transform the health-sector in pinpointing and curing diseases before they even take hold.

Why, then, is it that we have the power to revolutionize healthcare, but don’t see it happen?

Unfortunate answer
The unfortunate answer lies in the explanation that most of these technological and innovative solutions have a tough time reaching the bedside from the bench. Reason being lack of funding, marketing or other important factors that help an industry flourish. How can we resolve this?

A solution
Enter SPARK: the Stanford programme that provides a unique partnership between the industry and university.

SPARK provides the necessary factors that help start-up and small companies to advance research breakthroughs. This is done by providing the education and mentorship needed to move the project along further.

SPARK scholars
More specifically, it works by providing graduate level courses about drug-development processes as well as “SPARK Scholars”—funding for project development and mentoring. This mentoring is provided by advisors who have expertise in product development, business, clinical care and generally preparing participants for generating research into therapies.

Coming to Norway
The University of Oslo : Life Sciences is planning to bring Stanford’s programme to Norway where two other European SPARK-programmes have visited Oslo in the summer to share their experiences. One of the univesity’s candidates has tested the programme at summer-school in Japan, as well.

 

Innovative solutions
Oslo Cancer Cluster has been an advocate for SPARK’s involvement in Norway, along along with the Norwegian Inflammation Network (NORIN), The Life Science Cluster and Norway Health Tech (previously Oslo Medtech).

Jutta Heix, the international advisor at Oslo Cancer Cluster, comments on SPARK’s involvement:

–The SPARK programme really fills a gap in the lively and growing biopharma innovation system here in Norway and will help to advance more projects and ideas from academia into innovative solutions for patients. In collaboration with SPARK Berlin and SPARK Finland, SPARK Norway will also contribute to building a European SPARK Network providing even broader support, exposure and collaboration opportunities for the academic innovators involved.  

 

Image of metastasis in the mammory gland in relation to breast cancer.

Roche Medicine Ready to Fight Breast Cancer

On the 15th of August, drug Kadycla (trastuzumab emtansin) is finally approved by the Beslutningsforum and ready to help hundreds with breast cancer in Norway.

The drug, developed by company Roche, specifically targets patients with the variant HER2 positive breast cancer – a breast cancer that tests positive for human epidermal growth factor receptor 2, a protein which promotes growth of cancer cells.

About 15-20% of cases in breast cancer, cancer cells have a gene mutation that produces excess HER2 protein, thusly making it a more aggressive form of breast cancer as well as being resistant to hormone therapy. However, treatments that specifically target HER2 are very effective.

New Drug Kadycla
This is where newly developed drug Kadycla comes in.

Kadycla is the first medicine targeted towards breast cancer patients where the cell lymph nodes are linked to the targeted antibody; meaning it’s the first drug where lymph nodes, or parts of the cell that filter out cancer, are linked to the antibody that attacks or even neutralizes the infected cell. This causes the chemo to target the HER2 positive cancer cells.

Prolonged Survival Rate
With the drugs approval, around one hundred Norwegian cancer patients are provided with a treatment program that shows a median prolonged survival rate of 5,8 months, compared to the combination of lapatinib and kapecitabine for persons with the variant HER2-positive breast cancer.

Better Quality of Life
On top of this, it’s known that spreading breast cancer is a deadly disease with lower quality of life, but Kadycla helps by attacking cancer cells in place of the body’s own healthy cells. Essentially, this means better quality of life for the patient due to fewer symptoms brought on by the disease.

Reached an Agreeable Solution
Kadycla, since September in 2014, has been recommended in the Norwegian Breast Cancer Group’s medical guidelines for those who would benefit from its capabilities. Roche, in this case, through the span of three years aligned eight different pricing options for the authorities. In regards to this, Audun Ohna, director of market access and pricing, comments:

– We have worked a long time so that Norwegian breast cancer patients can have the chance to use Kadycla in Norwegian health services. After roughly three years negotiating, where we have stretched ourselves thin both economically and in variating payment solutions, we can finally and gladly say we have reached a solution that is both acceptable for both parties. This will benefit patients, doctors and society as a whole.

Fun and games at Oslo Cancer Cluster's summer party, where the 14 new members presented themselves to the cluster.

Meet Our New Members – Part Two

We are proud to introduce Oslo Cancer Cluster’s new members. This is the second part of two stories about our new members.

You can find the first part HERE.

On the 24th of August, Oslo Cancer Cluster hosted a bustling summer party in the Oslo Cancer Cluster Incubator, where the new members had the chance to introduce their amazing work.

This is a brief introduction to those of the new members who primarily work in consulting.

Dehns
At Dehns, they have a commercially focused and practical approach to intellectual property that helps them to turn inspired thinking into patents, registered designs and trade marks. Dehns was founded in 1920 and has over 90 staff members, with offices in multiple locations across England. Dehns is one of the largest firms of trade mark and patent attorneys in Europe.

– Partnering with Oslo Cancer Cluster will allow us at Dehns to have more contact with the diverse members at Oslo Cancer Cluster that could benefit from our services. Norway is a buzzing place for opportunity, so we believe this is a special chance to be more present. By doing this, we hope to help companies with whatever questions or problems they might have, whilst also setting sights on getting in contact earlier, so that we can get to the root of the problem quicker and make a real impact as a result. Undoubtedly, getting to the root of the problem at the start is more exciting for everyone, and we aim to do just that, says Barbara Rigby, associate at Dehns.

GIAMAG
GIAMAG was established in 2012 as a commercial spin-off of Norway’s Institute for Energy Technology (IFE), where their patented technology is based off of the Institute’s research. GIAMAG is not wholly belonging to the area of consulting, but nonetheless offers consulting services in their product: one of the world’s most forceful and configurable magnets. GIAMAG’s mission is to provide solutions based on magnet technology for a varying range of industrial applications. They have the expertise to design and configure magnet systems to customer’s specific requirements.

Acapo
Acapo is an Intellectual Property Rights (IPR) firm mainly focused on the maintanace of patents, trademark registrations and design. Acapo, despite being located in several places, works as one company. The head office is located in Bergen. Acapo has a joint administration with one legal and one patent department. They strive for the highest degree of both service and quality, where the most important assets are their highly qualified professionals and staff members. They do not only offer advice in areas related to Intellectual Property, but also in business areas. Acapo covers all technical fields.

Artemida
Artemida Pharma is a consultancy company in drug development who has highly experienced scientists representing multiple disciplines and therapeutic areas. Artemida Pharma offers optimised strategic drug development for biotechnology and pharmaceutic clients. They have past experience with a wide variety of clients, geographic areas and product types that enable them to offer integrared project-driven solutions.

DNV GL
DNV GL allows organizations to progress the sustainability and safety of their business. They provide classification, technical assurance, software and independent expert advisory services to the maritime, oil & gas and energy industries. They also provide certification services to customers across a wide range of industries. In terms of healthcare, they support organizations in this sector across the globe by applying system thinking to address risks and deliver high-quality, person centered care.

IRW Consulting
IRW is a Nordic Contract Research Organization (CRO) With more than fifteen years of experience in conducting clinical trials, non-interventional studies and medical device studies. They have built a wide network in Scandinavia as well as with the rest of Europe and the United States. IRW, depending on the customer’s requirements, is equipped with staff that is either outsourced or works with in-house projects. They cover all stages of clinical development.

New member Precision Oncology at the summer party. From the left: Patricia Devitt, President, Maureen Higgins, Director of Clinical Operations, Deborah Phippard, Vice-president and Andrea Cotton-Berry, Head of Strategic Operations.

Meet our new members – Part One

We are proud to introduce Oslo Cancer Cluster’s new members. This is the first part of two stories about our new members.

You can find the second part HERE.

On the 24th of August, Oslo Cancer Cluster hosted a summer party with the intention of getting to know their newest members in an informative and fun setting. The party started with a heartfelt welcome and speech held by Oslo Cancer Cluster’s General Manager Ketil Widerberg and intensive mingling amongst guests. After the welcome was in order, each member stood up, in turn, to introduce their amazing work.

Of the 14 new members we have so far this year, here’s an introduction to those who primarily work in the area of biotechnology.

Precision Oncology
Precision Oncology is a specialty contract research organization (CRO) that provides clinical research services. The company primarily provides application of metrics-driven project management to perfect oncology drug development.

As for their inspiration and reasoning for joining the Oslo Cancer Cluster roster of members, Andrea Cotton-Berry, head of Strategic operations at Precision Oncology, responds:

– What really inspires us at Precision Oncology, is matching the right drug to the right patient, by using biomarkers for patient identification and stratification; a true personalized medicine approach, to find more efficient treatments for patients with advanced cancers. We are looking forward to bringing our team of oncology development experts to contribute to the Oslo Cancer Cluster mission and initiatives, especially advancing immuno-oncology research.

Personalis
Personalis is a leading preciscion medicine company focused on advancing next generation sequencing based services for immuno-oncology. The company is mainly focused on producing the most accurate genetic sequence from each sample set, and using analytics and privately owned content to draw reliable and accurate biomedical interpretations of the data.

In regards to current and future inspiration, Erin Newburn, Senior Manager and Field Applications Scientist at Personalis, comments:

– We aspire to utilize next-generation sequencing as a multi-dimensional platform for bio-marker discovery across cancer therapeutics, as well as throughout developmental stages.

iNANOD
iNANOD is a nanotechnology based anti-cancer drug developing company established in 2016. Their goal is to increase efficacy of anti-cancer drugs and to reduce side-effects for cancer patients as well as maximizing the patients longevity. They aim to become a pharmaceutical company for anti-cancer nanomedicines in the near future.

As for expectations and reasoning for joining Oslo Cancer Cluster, Nalinava Sengupta, CEO and Co-Founder of iNANOD shares his view:

– We think our project – to develop cancer nano-medicine – fits best with Oslo Cancer Cluster. In the incubator we get in touch with other similar firms who have achieved milestones in cancer drug delivery. We expect synergistic knowledge transfer within the incubator network, as well as various kinds of help from the cancer research related entrepreneurial ecosystem developed at Oslo Cancer Cluster. This also helps with business developmental aspects and project application writing.

Norgenotech
Norgenotech is a start-up company that originated from the EU project COMICS that aimed at improving production methods for analysis of DNA damage and repair. Norgenotech mainly assesses genotoxicity, or property of chemical agents that damage the genetic information within a cell, as well as drugs. The company also participates in research projects and developing tools for measuring DNA integrity in patients.

Eisai
Eisai AB originates from a global company in Japan that is active in the manufacturing and marketing of pharmaceutical drugs, pharmaceutical production systems, and over-the-counter drugs. Eisai AB, that will be joining the Oslo Cancer Cluster roster of members, is the sales subsidiary of Eisai Company.

Immunitrack
Immunitrack is a startup company with capabilities in production and studies of protein molecules central to the adaptive immune system in humans in order to develop new therapeutics. Their mission is to provide the research community with tools to redesign or select drug candidates at the early stage of research and development, but also to provide reagents to monitor leading drug candidates effect on patient’s immune system.

Nacamed
Nacamed‘s goal is to produce nanoparticles of silicon material for targeted drug delivery of chemotherapy, radiation therapy and diagnostics to kill cancer cells. By using silicon nanoparticles in cases such as therapy, the particles are biodegradable which entails a clean delivery without any side-effects as they completely disappear and dissolve from the body.

Arctic Pharma
Arctic Pharma is a privately held startup biotech company founded in 2012 that primarily focuses on developing innovative anti-cancer drugs. They do this by exploiting cancer cells and their peculiar features, or more specifically, by targeting key enzymes that are upregulated, or have been increased in terms of stimulus with inhibitors designed at Arctic Pharma. Essentially, their main mission is to become a leader in designing cancer therapies that are both environmentally friendly and have few side effects.

Part of a cancerous tumour within the intestine. (See the entire picture below.) The green line represents manual marking of the tumour, while the blue is automated.

Doing More in Prognosis and Diagnosis

The project DoMore! aims to achieve better and faster diagnosis and prognosis with information and communication technology solutions. 

 

Technological innovation brightens the future ahead. With an increase in investment towards these areas, we create not only further potential in the technological field, but see betterment in the area it was produced for – such as productivity, reliability, effectiveness and so on. This is great news, especially in terms of cancer treatment where continuous betterment is essential. But how, and to what effect, is this done?

Project DoMore! has the answers.

The project, funded by the Norwegian Research Council and including members of Oslo Cancer Cluster’s team, debates the future of doing more with modernized thinking.

How do they do it?
This is done by putting more effort into research and development of information and communication technology solutions to supplement, or even replace, methods in pathology: the study of causality in diseases. DoMore!, in this case, will increase productivity and quality of cancer treatment.

Close-up of a cancerous tumour within the intestine. The green line represents manual marking of the tumour, while the blue is automated. Photo: Institute for Cancer Genetics and Informatics

The Ambition
The goal, then, is to decrease the slight human error brought on by complex decision making and visual observation to a computer basis with unbiased, reproducible and greater accuracy in algorithms. By doing this, DoMore! hopes to increase efficiency in pathology, methods and markers to aid the clinician in giving better and more personalised treatment to cancer patients everywhere.

On top of this, DoMore! believes the same efficiency will apply to patents, publications, products and spin-off companies, as well as decreasing overall cost and treatment time.

Harbinger of Innovation
In regards to the importance of this project, Ketil Widerberg, who is General Manager of Oslo Cancer Cluster, highlights:

– Project DoMore! furthers the innovative process. This combination of biology and technology will become increasingly important, especially in the area of pathology. Ultimately, Project DoMore! is setting a great example of being the harbinger of our adapting future.

Targeting the Big Three
As of now, project DoMore! will be focusing on three major cancer forms: lung, colorectal and prostate cancer. These account for 44% of all deaths brought on by cancer and are amongst the most common.

Better Prognosis and Diagnosis Ahead
Undoubtedly, project DoMore! is set out to achieve great things. Already within the bright future of 2021, they hope to offer much securer and faster systems for diagnosis and prognosis amongst cancer patients.

New Board Members

Our newest board members are officially introduced! 

On the 24th of May in 2017, the general assembly meeting took place and fatefully decided Oslo Cancer Cluster’s newest board members. These members, despite having some big seats to fill, will take on a respectful duty belonging to the board: where professionals in the field function as the governing body for the company.

The Wish
Oslo Cancer Cluster wished to see their new board members possess backgrounds from both the University of Oslo and Oslo’s University Hospital, where experience in innovation and clinical expertise follow. They also wished for a pharmaceutical representative with international involvement. Seeing the results, it seems like the wish came true.

Innovation and Clinical Expertise
Inger Sandlie is one of the new members . She is a professor at the Department of Biosciences, University of Oslo, and research group leader at the Department of Immunology, Oslo University Hospital. She is also deputy director of the Centre for Immune Regulation. The centre identifies and investigates novel mechanisms of immune dysregulation to advance the development of therapeutics.

Sandlie has co-authored more than 120 publications, supervised 15 PhDs, received awards for scientific innovation and is co-founder of Nextera A/S and Vaccibody A/S. She presently consults for Syntimmune A/S (Boston, US) as well as Albumedix A/S (Nottingham, UK), and serves on the board of the technology transfer office of the University of Oslo (Inven2) and The Norwegian Radium Hospital Research Foundation.

When asked why, in short, she has become a board member, Sandlie responded:

– I work within a network of scientists and biotechnology companies, and thus I think it’s extremely important to use this network alongside Oslo Cancer Cluster in order to influence positive change, as well as using its potential the best way possible.

Our other newest board member, Professor Øyvind Bruland, has a two decades experience as consultant oncologist at Radiumhospitalet, Oslo University Hospital. His main and tenure position is as professor of clinical oncology, University of Oslo. He specializes in primary bone and soft tissue cancers as well as skeletal metastases brought on by prostate and breast cancer. He has co-authored approximately 200 publications and supervised more than 20 PhD candidates. Bruland is one of the founders of the successful Norwegian biotech companies Algeta and Nordic Nanovector. He is also a co-founder of Oncoinvent.

When asked the same question as Sandlie, Bruland responded:

– I’m impressed with what Oslo Cancer Cluster has accomplished, but I think within certain areas like commercialization, some “new thinking” and support is needed. It’s important that we don’t get lost in bureaucracy.

International Pharma
Our third and final new board member, Benedikte Thunes Akre, has experience as a medical director at AstraZeneca, a global science-led pharmaceutical business with great success. On top of this, Thunes Akre has a long line of experience working with oncology throughout her career. Her response to why she has become a board member, was as follows:

– My main interest and experience throughout my career has been focused on oncology. The field is constantly emerging and I would like to contribute ensuring that Norwegian expertise is seen and recognized nationally as well as internationally, with the ultimate goal of improving the lives of patients.

Future and Past
In addition to the three new board members, Oslo Cancer Cluster is happy to include a new honourable member of the board: Jónas Einarsson. During the last 16 years, he has acted as the CEO for The Radium Hospital Hospital Research Foundation. He is also the founder and former CEO and chairman of the board of Oslo Cancer Cluster and Oslo Cancer Cluster Innovation Park.

The future looks promising with our newest board members. We thank our previous board members, Ingvild Hagen, Professor Svein Stølen, and Professor Gunnar Seter for their great time, effort and contribution!

 

Oslo Cancer Cluster`s start-ups highlighted in investor report

A recent analysis from the audit and advisory company EY is cautiously optimistic on behalf of startup companies in the Nordic Life Science industry – and points to possibilities within Oslo Cancer Cluster.

The analysis, which was commissioned by Norwegian Investinor and Swedish Industrifonden, points to four segments in the Nordic life science market that has the most mature startup companies, and thus are believed to be most attractive for investments: oncology (cancer treatment), inflammation treatment, niche products and imaging. From these segments, several startup companies have already appeared. They have also raised substantial capital.

Some Norwegian examples are Nordic Nanovector, BerGenBio and Targovax, which has raised a total of NOK 485 million in 2014 .These companies are all members of Oslo Cancer Cluster, developing cancer treatments using different technologies.

Excellent quality of research
The strength of the Nordic life science industry is the quality of the research performed, especially in some selected clusters, such as the Oslo Cancer Cluster. Scientific development is a key driver for innovation in the highly regulated pharmaceutical industry.

The biggest concern among life science industry players interviewed in the survey is however, the attention from investors, especially from professional investors with industry insights, which can handle the risks of investing in the earliest stages of company development.

─ The early phase of life science involves great risk, but can also give great returns, so investors should pay close attention to what is now happening in Oslo Cancer Cluster and corresponding clusters, says Ann- Tove Kongsnes, Investment Director of Investinor.

Investinor actively works to attract more foreign investors to Norwegian life science industry, and has also made ​​two investments together with Swedish Industrifonden in Oslo Cancer Cluster members Smartfish and Pharmalink.

 

 

 

 

Ketil Widerberg on Pharma TV

In April 2014, Pharma TV interviewed Ketil Widerberg, General Manager of Oslo Cancer Cluster. Watch the interview and learn more about how Oslo Cancer Cluster works to develop new diagnostics and medication.

Watch the interview here.

In the interview Ketil Widerberg also explains to Fintan Walton from Pharma TV how Oslo Cancer Cluster`s core expertise in the field of Immuno-Oncology makes the cluster well positioned to contribute in this field and how several research projects and ongoing clinical trials will contribute to an exciting pipeline of novel cancer immunotherapies.

 

 

Excellent evaluation of Oslo Cancer Cluster

The six year evaluation of Oslo Cancer Cluster as a Norwegian Centre of Expertise concludes that Oslo Cancer Cluster is a strong biotech cluster, well positioned within the global oncology industry. “This plays well with our ambition to take the step up a level and become a Global Centre of Excellence,” says Jónas Einarsson, acting CEO of Oslo Cancer Cluster.

The thorough evaluation report gives a comprehensive picture of the Oslo Cancer Cluster as of today; our projects and plans and also our achievements over the last three years since our first evaluation in 2010. Both evaluations have been done by Oxford Research.

Evaluation of Oslo Cancer Cluster NCE after 6 years.
Evaluation of Oslo Cancer Cluster NCE after 3 years.


Bottlenecks have been identified and reduced

“The evaluation points out that Oslo Cancer Cluster from 2010-2013 have managed to address the challenges for oncology R&D in Norway as well as the weaker points from the first evaluation. We have identified some crucial bottlenecks within clinical trials, and contributed to reduce the pre-clinical development time for oncology start-ups. We have also made it easier for SME`s to attract the capital they need to develop new oncology treatment. This I am very proud of”, says Jónas Einarsson, acting CEO of Oslo Cancer Cluster.

Einarsson continues: “All in all we have received an excellent evaluation. The evaluation concludes that we have untapped innovation potential, and that we need to address this issue in the years to come. This is totally in line with what we plan to do through the work with the Oslo Cancer Cluster Innovation Park and the Oslo Cancer Cluster Incubator.”


Well positioned to become a Global Centre of Expertise

The public cluster program in Norway has until now included two levels; Arena and Norwegian Centre of Expertise. In 2014 a third and higher level, the Global Centre of Expertise (GCE) will be introduced. Only mature clusters with a global position will obtain the elite status as a GCE and probably only 4-5 clusters will be chosen.

“Oslo Cancer Cluster`s ambition is to become one of these 4-5 GCE-clusters. The evaluation shows that we are a global player in the oncology field, and that we have succeeded in establishing an extensive international network that exposes the members for the global oncology industry and secures that recourses like capital and competence are accessible,” says Einarsson.

Einarsson points out that the three years to come will take the cluster a giant step further on the global scale with a targeted focus on innovation: “In 2015 Oslo Cancer Cluster Innovation Park opens and this will become a power centre for oncology R&D. The Oslo Cancer Cluster Incubator will make sure that we have new commercialization’s from oncology research. These new start-ups will have better frame work conditions to succeed than ever before. Oslo Cancer Cluster has since the start managed to build a solid fundament. In many ways the cluster has just begun its work.”


Other conclusions from the evaluation:

  • Particularly strong topics within Oslo Cancer Cluster are personalised medicine and immuno-oncology. These are also the buzzwords on the global oncology scene, which makes the cluster well positioned and attractive as a collaborative partner.
  • The cluster have increased the number of members considerably and in parallel developed into a national cluster representing the entire oncology-value chain from bench to bedside.
  • There is now a considerably degree of trust between the members which is based on regular networking and collaboration across disciplines.
  • The strategy work performed during this three-year period have been of good quality and have been embedded in a god way.
  • The feedback from the members on the importance of Oslo Cancer Cluster for their company, institution is to some extent a bit weaker in 2013 than 2010. We take this very seriously and will take action and see how we may perform better here.

 

 

Pleased with the political platform

The new government of Norway has launched their political platform. Oslo Cancer Cluster have reviewed the political platform document. We are overall very pleased with the initiatives that concerns research, knowledge, education, business and R&D.

Jónas Einarsson, acting director of Oslo Cancer Cluster says “There are a lot of initiatives in this political platform from Høyre and Fremskrittspartiet which is directly in line with Oslo Cancer Cluster`s strategy and areas we have been working on for a long time. Some of these are crucial for building a strong biotech industry in Norway at the same time as we take care of the cancer patients and develop the cancer treatments of tomorrow.”

These are some of the plans we highly agree with:

  • Norway should become one of the most innovative countries in Europe
  • More funds to industry R&D and innovation
  • Use industry clusters as an innovation tool – by especially strengthen the Norwegian Centres of Expertise (NCE-program) and start up Global Centres of Expertise.
  • More resources to governmental seed capital funds
  • Secure more funding to clinical trials as well as increase the number of patients participating in clinical trials
  • Develop an activity plan for the national strategy for cancer

Here you may download the polticial plattform from Høyre and Fremskrittspartiet.

Investinor and Industrifonden invest in Pharmalink

Oslo Cancer Cluster was the proud host of a press conference in early October, where two of the Nordic region’s largest governmental venture investors Investinor and Industrifonden announced their NOK million 90 investment in Swedish biotech Pharmalink. Pharmalink is a specialty pharma company focused on orphan and niche products within cancer and renal disease.

The press conference was hosted by Oslo Cancer Cluster due to Pharmalinks future plans of joining the cluster and becoming a part of the strong oncology environment in Oslo.

Jónas Einarsson, acting director of Oslo Cancer Cluster states “I am very glad to hear that Pharmalink would like to join Oslo Cancer Cluster and I welcome them to be a part of our strong member organization. I am also very happy for the collaboration between Investionor and Industrifonden within biotech, and hope for more co-investments in the close future.”

This is the second co-investment Investionor and Industrifonden have made in collaboration, the first one was also in biothech: Norwegian company Smartfish that produce nutraceuticals for cancer patients among others.

In the picture from the press conference you see from the left Investment director from Investinor og member of the board of Pharmalink Ann-Tove Kongsnes, CEO of Investinor Geir Ove Kjesbu, CEO of Industrifonden Claes De Neergaard and CEO of Pharmalink Johan Häggblad. Photo: Anne-Elisabeth Næss.

Below the facts you may read the press releases from both Investionor (In Norwegian) and Pharmalink (In English) on the investment:

Facts:

About Pharmalink
Pharmalink is a Swedish specialty pharma company developing high value products for niche indications. Pharmalink draws on its extensive experience of pharmaceutical development and marketing to identify and progress products that address significant unmet medical needs. With a successful history in pharmaceutical sales and marketing, and highly experienced, dynamic management team, Pharmalink is focused on the development and commercialization of valuable, de-risked projects. It has two late-stage clinical phase products under development, Nefecon® and Busulipo™. Pharmalink is actively seeking opportunities to acquire or in-licence product opportunities in niche and hospital care indications. Visit www.pharmalink.se for further information.

About Industrifonden
Industrifonden is one of Sweden’s largest and most experienced investors at early stage and in growth companies and manages an evergreen fund of approximately 3.5 billion (EUR420m). It has for the last 30 years had a leading role in the development of Swedish life science companies. Founded by the Swedish government in 1979, Industrifonden is an independent venture capital fund that operates on a strictly commercial basis and receives no further government funding. Revenues are returned to the business for new investments. See more info at: www.industrifonden.se

About Investinor
Investinor is Norway’s largest investor in venture and expansion capital, and manages a NOK4.2 billion (EUR525m) evergreen fund. Investinor was founded in 2008 and is funded by the Norwegian government. It invests directly in promising unlisted companies and on the same terms and conditions as private investors, with a clear exit strategy for all investments.
Find more info on: www.investinor.no

Portfolio Items