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Denmark's IO Vaccine Biotech Attracts Investor Interest

IO Biotech's Oversubscribed €127m Series B

 
• By John Davis

Copenhagen-based start-up IO Biotech has raised a hefty €127m from a group of VC investors to accelerate its IDO- and PD-L1 targeted immuno-oncology approaches to the treatment of cancer.  

Business team present.
• Source: Shutterstock

An immuno-oncology start-up biotech with two candidate anticancer immune-modulating vaccines already in clinical studies, IO Biotech ApS, has attracted new and existing investors to an oversubscribed €127m series B financing, one of the largest in Europe over past months. 

Copenhagen, Denmark-based IO Biotech was spun out of the Centre for Cancer Immune Therapy (CCIT), University of Copenhagen Herlev Hospital in December 2014, and was initially backed by the experienced biotech

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