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Oncomyx Closes $50 Million Series B To Advance A Novel Immuno-Oncology Platform That Delivers Multiple Cancer-Killing Payloads

PRIVATEDec 08, 2021

Amount Raised

$50 Million

Round Type

Series B

PhoenixBiotechnology

Description

OncoMyx Therapeutics, a privately-held immuno-oncology platform company, today announced the closing of a $50 million Series B financing, co-led by Lumira Ventures and B Capital Group with participation from LYZZ Capital and all Series A investors: Boehringer Ingelheim Venture Fund, Delos Capital, Xeraya Capital, Korea Investment Partners, City Hill Ventures, and Madison Partners. In conjunction with the financing, Benjamin (Beni) Rovinski, Ph.D., Managing Director of Lumira Ventures and Widya Mulyasasmita, Ph.D., Senior Principal, Healthcare at B Capital Group will join the company’s Board of Directors. The proceeds of the financing will support the further development of OncoMyx’s pipeline of multi-armed myxoma immunotherapies for the treatment of solid tumors and hematological malignances and the advancement of the company’s lead candidate into clinical trials.

Quick answer

OncoMyx Therapeutics, Inc. raised $50 Million in a Series B round, dated December 8, 2021. OncoMyx Therapeutics, Inc. is based in Phoenix, Arizona, United States.

How much did OncoMyx Therapeutics, Inc. raise?
OncoMyx Therapeutics, Inc. raised $50 Million in a Series B round on December 8, 2021.
What does OncoMyx Therapeutics, Inc. do?
OncoMyx Therapeutics is advancing multi-armed, systemic immunotherapies with the potential to be broadly effective in treating solid tumors and heme cancers.
Where is OncoMyx Therapeutics, Inc. based and how big is it?
OncoMyx Therapeutics, Inc. is based in Phoenix, Arizona, United States.

Source: Fundz verified event record.

Who else raised in Biotechnology around the same time

Companies in the same sectors as OncoMyx Therapeutics, Inc. that raised within 45 days of this round, from Fundz verified event records.

  • GIOCAN Ltd raised an undisclosed amount on January 21, 2022.
  • GIOHEALTH Ltd raised an undisclosed amount on January 21, 2022.
  • GIOGI Ltd raised an undisclosed amount on January 21, 2022.
  • GIODIA Ltd raised an undisclosed amount on January 21, 2022.
  • GIO World Health Ltd raised an undisclosed amount on January 21, 2022.
  • Grannus Therapeutics Inc. raised $950K (Seed) on January 21, 2022.

Who to call at OncoMyx Therapeutics, Inc., and when

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Company Information

Company

OncoMyx Therapeutics, Inc.

Location

445 N. 5th St.

Phoenix, Arizona, United States

About

OncoMyx Therapeutics is advancing multi-armed, systemic immunotherapies with the potential to be broadly effective in treating solid tumors and heme cancers. Successful immuno-oncology cancer treatment generally requires combination therapy, and OncoMyx’s myxoma platform is designed to deliver multiple cancer-killing payloads in one therapeutic and orchestrate an immune response capable of treating a wide range of cancers. OncoMyx has assembled the top immuno-oncology team to develop next generation immunotherapies that can have the greatest therapeutic benefit for more cancer patients. The company’s myxoma virus platform is poised to be a best-in-class oncolytic virus approach and was developed based on breakthrough research from Dr. Grant McFadden’s lab that was exclusively licensed from Arizona State University. For more information, please visit www.oncomyx.com and connect with the company on LinkedIn and Twitter.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

OncoMyx Therapeutics, Inc. raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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