Thursday, 25 February 2021


Orum Therapeutics raises $8 mn funding

20 June 2017 | News

The financing will support the company’s first program in oncology targeting activated RAS protein, a highly-validated cancer drug target involved in aggressive cancers.

Orum Therapeutics based in Korea announced the completion of an $8 million Series A financing with InterVest, KB Investment (KBIC)/Solidus Investment, and LB Investment.

The proceeds of the funds will be used to advance Orum’s cell-penetrating antibody technology to create novel therapeutics. In addition, Yeo Jung Moon, M.D, Ph.D., Investment Division Director at Intervest, will join Orum’s board of directors.

The financing will support the company’s first program in oncology targeting activated RAS protein, a highly-validated cancer drug target involved in aggressive cancers.

RAS proteins function to transmit signals within cells that control cell growth, differentiation and survival. Mutations found in human cancers result in RAS being constitutively activated. Although the pivotal role of RAS mutants in cancer initiation and progression was discovered nearly 35 years ago, previous efforts to develop agents directly targeting activated RAS have been plagued with the undruggable properties of RAS mutants.

Scientists from Ajou University and Orum Therapeutics recently published a study describing the preclinical characterization of a cytosol-penetrating and then Ras targeting antibody designed with Orum’s technology. The data showed that systemic administration of the antibody could selectively inhibit activated RAS to achieve anti-tumor activity for human colorectal and fibrosarcoma xenograft tumors in mice.

Sign up for the editor pick and get articles like this delivered right to your inbox.

Editors Pick
+Country Code-Phone Number(xxx-xxxxxxx)


Comments

× Your session has been expired. Please click here to Sign-in or Sign-up
   New User? Create Account