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OncoVerity raised an extended Series A financing led by argenx and RefinedScience to advance cusatuzumab for treating newly diagnosed acute myeloid leukemia.

Nov 21, 2024about 1 year ago

Round Type

series a

AuroraOther

Investors

Refined ScienceArgenx

Description

OncoVerity has secured an extension of its Series A financing to fund the Phase 2 OV-AML-1231 trial of cusatuzumab. This funding is critical for addressing the unmet medical needs of cancer patients with limited treatment options.

Company Information

Company

OncoVerity

Location

12635 E MONTVIEW BLVD

Aurora, Colorado, United States

About

OncoVerity is pioneering the use of computational tools applied to clinical and biological data to advance therapies that transform hope into reality for cancer patients. Through a strategic collaboration with Refined Science, OncoVerity’s approach leverages an advanced bioinformatics platform that applies single-cell multi-omics and machine learning technologies to a large AML patient database to identify biologic drivers to therapeutic resistance and insights on patient-specific risk factors. This approach not only holds promise for accelerating the development of cusatuzumab in AML, but also has the potential to be applied to its development in other hematologic malignancies, signifying a broader impact on the future of cancer treatment by bringing new hope to a wider range of patients.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers