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🚀 Exciting News! 🚀 We are thrilled to announce that our portfolio company, iOnctura, has closed a EUR 80 million Series B round! Led by Syncona Limited and the European Investment Council, this funding will drive the late-stage development of treatments for hard-to-treat cancers. Since our initial investment in 2019, iOnctura's team has delivered exceptional proof-of-concept data for its drug candidates, roginolisib and cambritaxestat, in rare tumors with high unmet needs. With this new financing, roginolisib will be tested in broader trials for uveal melanoma, non-small cell lung cancer, and primary myelofibrosis, while cambritaxestat will advance for fibrotic cancers like metastatic pancreatic cancer. We are excited to welcome new investors and continue supporting iOnctura as it brings these critical treatments closer to patients in need. #Biotech #Investment #CancerTreatment #Pharma #Innovation #HealthTech #SeriesBRound #iOnctura #EuropeanInvestmentCouncil #Inkef

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