OncoNano Medicine, a Southlake TX-based medical company focuses on cancer disease, raised $18.4M in equity funding.
The Cancer Prevention and Research Institute of Texas (CPRIT) will convert the sum in grant award funding into an equity investment. This conversion will close OncoNano’s Series B financing round with $68.4m in total committed capital.
The company intends to use the funds to support Phase 3 clinical trials in the U.S. and Europe for pegsitacianine, an innovative real-time imaging agent used in intraoperative surgical resection of solid tumors, and accelerate the advancement of its first internal therapeutic development program, ONM-501, a novel immune-therapeutic formulated with its core delivery technology.
Led by Martin Driscoll, CEO, OncoNano provides products that exploit pH as a biomarker to diagnose and treat cancer to help patients across the continuum of cancer care and include solid tumor therapeutics, agents for real-time image-guided surgery and a platform of product candidates that activate and guide the body’s immune system to target cancer.
FinSMEs
25/10/2021