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Oncorus Raises $79.5m To Take Its First Oncolytic Virus Into The Clinic

 
• By Mandy Jackson

The company has two oncolytic virus platforms – a herpes simplex-based intratumoral injection and a synthetic virus-based intravenous technology for repeat systemic administration.

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Oncolytic virus developer Oncorus closed a series B round. • Source: Shutterstock

Oncorus Inc. has closed a $79.5m series B round to initiate the first clinical trial for its herpes simplex-based oncolytic virus technology platform and select the first product candidate for its other platform using a synthetic virus for intravenous, systemic administration that enables repeat dosing in early 2020, the firm announced 21 August.

CEO Ted Ashburn told Scrip that the company believes it has two oncolytic virus platforms that overcome certain challenges for the field, including the ability to inject the immunotherapies into the bloodstream rather than into the tumor. He noted that interest in oncolytic virus technology has increased since the approval of Amgen Inc

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