10 milestones from our biotech members in 2022

What a year it has been for the development of Norwegian biotech companies!

We want to recognise the accomplishments of our members this year. Many of them have reached impressive milestones and unfortunately we can’t include all. So we have selected 10 outstanding news stories. These represent both big and small companies, covering various sectors and focusing on different types of cancer therapies and diagnostics. We hope this list serves as inspiration for you and that you get to know our members a bit better.

Strategic collaboration on optimizing TCRs

Nextera set up a strategic collaboration with Zelluna Immunotherapy in March. Together they will optimize T cell receptors (TCRs), which are crucial in the development of a special type of cancer treatment called TCR-based natural killer cell therapies. Nextera is a research-based target and drug discovery company with a unique protein engineering and discovery platform – NextCore.

Read the press release

Faster development of cancer vaccines

NEC Oncoimmunity acquired VAXIMM’s neoantigen vaccine development assets in March. These assets will be used to faster develop personalized T cell cancer vaccines. NEC OncoImmunity AS is a biotechnology company that has developed a machine-learning software to enable development of personalized cancer immunotherapy, in addition to infectious disease vaccines.

Read the press release

Photo of Richard Stratford and Trevor Clancy in OncoImmunity.

Richard Stratford and Trevor Clancy, founders of NEC OncoImmunity AS, an AI driven biotechnology company. They grew the company in the Oslo Cancer Cluster ecosystem, making use of the cluster’s advice and support, and networking and partnering opportunities. The photo was taken in December 2018 outside Oslo Cancer Cluster Innovation Park. Photo: Oslo Cancer Cluster

 

Artificial intelligence improves cancer prognosis

In May, DoMore Diagnostics became the first company ever to get a CE-mark for a product that utilises artificial intelligence to improve patient outcomes. The company has developed a deep learning algorithm that can give more accurate prognosis for colorectal cancer patients by analysing standard histology images.

Read the press release

The deep learning algorithm that DoMore Diagnostics is commercialising was first invented by Professor Håvard Danielsen at the Institute of Cancer Genetics and Informatics, also situated in Oslo Cancer Cluster Innovation Park. Danielsen received the King Olav V’s Cancer Research Award in 2022 for his research into artificial intelligence and cancer. Photo: ICGI

 

Alpha emitter therapy against colorectal cancer

Oncoinvent initiated a phase 2 trial for colorectal patients to be treated with their drug candidate Radspherin in August. The study will be conducted at two sites (the Radium Hospital in Norway and at Uppsala University Hospital in Sweden) and the first patient was included in August. Oncoinvent is a clinical stage company advancing alpha emitter therapy across a variety of cancers.

Read the press release

Takeda Ventures invests in TCR-NK therapies

Zelluna Immunotherapy received an investment from Takeda Ventures Inc. during the company’s financing round in August. The funds will help advance the company’s lead product. Zelluna Immunotherapy is a company pioneering the development of a new type of treatment against solid cancers called “allogeneic T cell receptor guided natural killer cell immunotherapies”.

Read the press release

Zelluna Immunotherapy have enterred several strategic collaborations this year, including with Takeda Ventures and Nextera. This photo was taken of the Zelluna Immunotherapy team at Oslo Cancer Cluster Innovation Park. Photo: Zelluna Immunotherapy

Digital platform for research collaboration

Ledidi revealed the company’s software technology will be used in UK hospitals to improve the treatment, prognosis and care of patients with breast cancer in September. It is the pharmaceutical company Pfizer’s UK branch that is offering subscription access to NHS hospitals for the cloud-based research and registry platform Ledidi Core. Ledidi is a Norwegian technology company with an end-to-end solution for health registers and research.

Read the press release

Einar Martin Aandahl, founder and CEO of Ledidi, developed the research platform because as a clinician he saw a need for simpler collaboration on data between doctors, institutions and countries. Photo: Ledidi

 

Promising results for universal cancer vaccine

Ultimovacs announced positive three-year results with 71% survival rate for patients in the first cohort of a study into metastatic malignant melanoma in October. The patients had been treated with the company’s product UV1 (a universal cancer vaccine) in combination with pembrolizumab (a checkpoint inhibitor anticancer drug). Ultimovacs is an immunotherapy company developing immune-stimulatory vaccines to treat a broad range of cancers.

Read the press release

Oncolytic peptide against melanoma

Lytix Biopharma expanded the ATLAS study to three European countries in November. ATLAS is a phase 2 combination study, treating patients with advanced melanoma with the company’s product LTX-315 (a first-in-class oncolytic molecule) and pembrolizumab (a checkpoint inhibitor anticancer drug). Lytix Biopharma is a clinical stage biotech company developing novel cancer immunotherapies.

Read the press release

Light cytoscopy against bladder cancer

Photocure’s partner Asieris enrolled the first patient in a phase 3 trial exploring the use of Hexvix and blue versus white light cystoscopy in patients with non-muscle invasive bladder cancer in November. Hexvix is a drug that preferentially accumulates in cancer cells in the bladder, making them glow bright pink during blue light cystoscopy. This makes it easier to detect and diagnose tumours.

Read the press release

Immunotherapy against cervical cancer

Nykode Therapeutics continues to show positive results from the company’s phase 2 clinical study against cervical cancer in November. The patients in the study have received Nykode Therapeutic’s VB.10.16 (a therapeutic vaccine for the treatment of human papilloma virus-16 induced malignancies) and atezolizumab (a checkpoint inhibitor anti-cancer drug from Roche). Nykode Therapeutics is a clinical-stage biopharmaceutical company dedicated to the discovery and development of novel immunotherapies.

Read the press release

 

Would you like to have your company’s news story featured on our website? Please get in touch with Sofia Linden, Communications adviser at Oslo Cancer Cluster.

Cancer incubator secures further financing

SIVA continues backing our Incubator so we can help cancer start-ups succeed

Oslo Cancer Cluster Incubator has been awarded NOK 3,5 million to continue supporting cancer innovators during 2023. The funds come from SIVA, a governmental enterprise facilitating a national infrastructure for innovation.

Why are these funds important? Well, the road is long from a promising innovation is born until it becomes a solution that improves patients’ lives. An innovator often needs support to make their idea into a commercial product.

Precision therapy against cancer

This was the case with Kongsberg Beam Technology, founded by Per Håvard Kleven who had invented a digital solution to improve proton therapy, based on expertise from the Kongsberg defence industry.

The company was admitted into the Accelerator programme at Oslo Cancer Cluster Incubator in 2019. The incubator team worked closely with the company and helped with everything from setting up a business plan, developing a company strategy and recruiting management, to attracting the company’s first investors.

Kerstin Johansson, CEO of Kongsberg Beam Technology, one of the companies in the Incubator that has received help from SIVA.

“If it wasn’t for Oslo Cancer Cluster Incubator, Kongsberg Beam Technology wouldn’t be where we are today.”

“If it wasn’t for Oslo Cancer Cluster Incubator, Kongsberg Beam Technology wouldn’t be where we are today. From being a one-man company, we have grown to a semi-virtual company with a mix of employees and CRO/service companies with key competences for the road to commercialise our product MaMa-K. To date we have attracted NOK 50,4 million in private investments and public funding. We strongly believe that with our solution, MaMa-K software intended for radiation therapy the clinical benefits will be significantly better and cancer patients will have a much better life with less side effects after the treatment,” said Kerstin Jakobsson, CEO of Kongsberg Beam Technology.

A melting pot for innovation

Oslo Cancer Cluster Incubator is the only cancer incubator among the total 35 companies accepted into the SIVA’s new ten-year Incubator programme starting 2023. The Incubator offers business development services, state-of-the-art laboratories, and access to a global cancer community.

Oslo Cancer Cluster Incubator have state-of-the-art labs that are shared between academics and private companies. Photo: Christopher Olssøn

A multitude of languages can be heard between the international researchers as you walk down the hallways. When peering into the labs, you see academics working side-by-side with private companies. This is a true melting pot for health innovation.

“Oslo Cancer Cluster Incubator is uniquely situated next to Oslo University Hospital and can provide the network in oncology that early-stage companies in cancer need.”

“Oslo Cancer Cluster Incubator is uniquely situated next to Oslo University Hospital and can provide the network in oncology that early-stage companies in cancer need. We are now expanding the Innovation Park to make room for more companies, who are in dire need of our facilities and expertise. This is good for the companies, it benefits the patients and adds value to Norwegian society,” said Ketil Widerberg, CEO and Chairman of Oslo Cancer Cluster Incubator.

The Incubator is situated in Oslo Cancer Cluster Innovation Park, right next to the Cancer Research Institute and a stone’s throw away from the Oslo University Hospital (a Comprehensive Cancer Centre). Photo: Christian Tandberg

Presenterte på svensk investorkonferanse

Please note. This article is only in Norwegian. A longer article in English will be published shortly.

Tre av Oslo Cancer Cluster Inkubator sine selskaper, Kongsberg Beam Technology, AdjuTec Pharma og Thelper, presenterte i går og i dag seg på den svenske investorkonferansen «Biostock Life Science Fall Summit 2022».

I tillegg presenterte Oslo Cancer Cluster-medlem Ultimovacs seg.

Konferansen gikk av stabelen i Lund og var fullbooket. Gjennom to dager har selskaper og investorer satt hverandre i stevne, der en majoritet av svenske selskaper har vist seg fram for investorer fra både Sverige og Danmark.

Inkubator-selskapene har fått tilgang til å delta her gjennom et nylig etablert samarbeid mellom inkubatoren og BioStock, som er et svensk, digitalt nyhets- og analyseselskap fokusert på selskaper innen livsvitenskapssektoren.

Fra Oslo Cancer Cluster Inkubator har COO Janne Nestvold og Senior Advisor Business Development Thomas Andersson deltatt.

•Kongsberg Beam Technology ble presentert av CEO Kerstin Jakobsson. Selskapet utvikler neste-generasjons protonterapi ved å persontilpasse behandlingen til hver enkelt pasient.

Kongsberg Beam Technology ble presentert av CEO Kerstin Jakobsson. Selskapet utvikler neste-generasjons protonterapi ved å persontilpasse behandlingen til hver enkelt pasient. Foto: Thomas Andersson

Besøk nettsidene til Kongsberg Beam Technology

AdjuTec Pharma ble presentert av CEO Bjørn Klem. Selskapet utvikler antibiotika-produkter mot multiresistente infeksjoner.

AdjuTec Pharma ble presentert av CEO Bjørn Klem. Selskapet utvikler antibiotika-produkter mot multiresistente infeksjoner. Foto: Elisabeth Kirkeng Andersen

Besøk nettsidene til AdjuTec Pharma

Thelper ble presentert av CEO Katja Vetvik. Selskapet utvikler anti-viral immunterapibehandling av solide svulster.

Thelper ble presentert av CEO Katja Vetvik. Selskapet utvikler anti-viral immunterapibehandling av solide svulster. Foto: Elisabeth Kirkeng Andersen

Besøk nettsidene til Thelper

Ultimovacs ble presentert av CEO Carlos De Sousa. Selskapet utvikler en universell kreftvaksine, UV1.

Joining forces to help life science start-ups

AstraZeneca, the SPARK Norway programme at University of Oslo and Oslo Cancer Cluster enter a new mentoring collaboration for life science start-ups.

A new collaboration between the pharmaceutical company AstraZeneca, the SPARK Programme at Norway’s largest life science university and Norway’s only cancer cluster is set in motion to grow the life science sector in the Nordics. At the core of the collaboration is AstraZeneca’s business and science mentoring programme, called AstraZeneca Exchange Nordics.

How does it work?

Mentors from AstraZeneca support Nordic entrepreneurs and start-ups to speed up innovations that benefit patients. By sharing expertise, the mentors help move start-ups towards sustainable and successful growth.

The mentors cover a wide range of expertise for all phases of drug development but also help to address critical issues such as health economics, payer and market access and business development. Furthermore, the programme offers mentoring opportunities in Data Science, AI and Digital Health.

“Our goal is to focus on where we can help to make a difference. We want to see more successful companies grow and increase the attractiveness of the Nordic region. By contributing with knowledge and expertise from AstraZeneca mentors, we can with simple measurements add value and inspiration for start-ups in the Life Science sector”, said Joachim Reischl, Head of Diagnostic Science AstraZeneca, and AZ mentor.

Air view of modern buildings

Air view of the AstraZeneca site in Gothenburg, Sweden. Photo: AstraZeneca

AstraZeneca has established relationships with several Nordic incubators, connecting entrepreneurs with AstraZeneca mentors. The mentors arrange non-confidential, single advisory sessions on strategic questions in the early start-up journey to help entrepreneurial ideas grow.

Oslo Cancer Cluster and the SPARK Norway programme at University of Oslo will both identify and select projects or companies in their networks that may benefit from mentoring.

Access to industry specialists

The mentoring programme and the public-private collaboration fits right into Oslo Cancer Cluster’s goal to support the development of promising start-ups in the cancer field.

“Via AstraZeneca’s business & science mentoring programme Oslo Cancer Cluster’s start-ups and biotechs get access to industry specialists for discussing strategic questions early in their R&D journey. It will be truly helpful for a variety of start-ups in our cluster”, said Jutta Heix, Head of International Affairs at Oslo Cancer Cluster.

“Mentoring from AstraZeneca’s experts will be highly valuable for the SPARK Norway projects in their endeavour to build new start-ups based on their innovative academic ideas. Getting the industry perspective and feedback will help the projects progress in the right direction and shape their understanding of how they can develop their idea into a new product”, stated Morten Egeberg, Administrative Leader UiO:Life Science and Leader SPARK Norway at the University of Oslo.

A positive contribution

Inven2 is a Tech Transfer Office, owned by the University of Oslo and Oslo University Hospital, that was established to administer the commercial potential of inventions and work from these two institutions and all the health trusts in the South-Eastern Norway Regional Health Authority. They welcome the initiative for projects and start-ups in the SPARK and Oslo Cancer Cluster networks.

“We welcome these new opportunities for academic innovators and start-up companies emerging from the University of Oslo and Oslo University Hospital. When establishing new start-ups, competence and previous experience is of critical importance. The AstraZeneca mentoring programme will indeed be a positive contribution to support new entrepreneurs for faster onboarding on their innovation journey”, said Jens Halvard Grønlien, Vice President Innovation in Inven2.

Oslo Cancer Cluster and the SPARK Norway programme at University of Oslo both signed a memorandum of understanding with AstraZeneca in October 2022.

             

                                     

 

More information about AstraZeneca’s business & science mentoring program can be found on their website via the following links:

Are you an Oslo Cancer Cluster member, interested in this mentoring programme? Please contact Jutta Heix.