OV and its spin-out 2X Oncology are represented at Biotech Showcase in San Francisco

Hørsholm, Denmark, 11th of January 2018 – Oncology Venture Sweden AB (OV:ST) reports from Biotech Showcase meeting in San Francisco. Oncology Venture Sweden AB and its spinout 2X Oncology Inc. have scheduled 1:1 meetings with more than 40 companies all together. These companies are potential investors or biotech/pharma with interest in either in-licensing or co-development of oncology drugs or companies with drugs of interest to Oncology Venture for in-licensing.

För ytterligare information, vänligen kontakta:

Ulla Hald Buhl, COO och chef för IR & kommunikation                        Peter Buhl Jensen, VD

Telefon: +45 21 70 10 49                                                                         Telefon: +45 21 60 89 22

E-post: uhb@oncologyventure.com                                                      E-post: pbj@oncologyventure.com 

About Oncology Venture Sweden AB

Oncology Venture Sweden AB is engaged in the research and development of anti-cancer drugs via its wholly owned Danish subsidiary Oncology Venture ApS. Oncology Venture has a license to use Drug Response Prediction - DRP® - in order to significantly increase the probability of success in clinical trials. DRP® has proven its ability to provide a statistically significant prediction of clinical outcomes from drug treatment in cancer patients in 29 of the 37 clinical studies that were examined. The Company uses a model that alters the odds in comparison with traditional pharmaceutical development. Instead of treating all patients with a particular type of cancer, patients' tumors genes are screened first and only those who are most likely to respond to the treatment will be treated. Via a more well-defined patient group, the risk and costs are reduced while the development process becomes more efficient.

The current product portfolio: LiPlaCis® for Breast Cancer in collaboration with Cadila Pharmaceuticals, Irofulven developed from a fungus for prostate cancer and APO010 - an immuno-oncology product for Multiple Myeloma.

Oncology Venture has spun out two companies in Special Purpose Vehicles: 2X Oncology Inc. a US based company focusing on Precision medicine for women's cancers with a pipeline of three promising phase 2 product candidates. OV-SPV 2 is a Danish company that shall test and potentially develop an oral phase 2 Tyrosine Kinase inhibitor. Oncology Venture currently holds 92 percent of the shares in 2X Oncology Inc. and 40 percent of the shares in OV-SPV 2. 

About 2X Oncology

2X Oncology Inc. is a clinical stage precision medicine company developing targeted therapeutics addressing significant unmet needs in hard-to-treat cancers.  Our pipeline leverages a proprietary Drug Response Predictor (DRP®) technology generating drug specific companion diagnostics to identify patients who are most likely to respond and benefit from treatment.  DRP® also identifies likely non-responder patients, providing a precision medicine approach for the treatment of patients who can benefit from our therapies. 

The 2X Oncology pipeline of product candidates, including a PARPi, are focused on the treatment of breast, ovarian, prostate and pancreatic cancers and primary and secondary brain tumors.  These programs have demonstrated clinical efficacy and safety and are positioned to enter focused Phase 2 studies with study data and potential accelerated approval filings expected in 2H 2018.

A Cambridge, MA based spin-out from Oncology Venture ApS (http://www.oncologyventure.com/), 2X works in close collaboration with Oncology Venture and leverages a Danish registry of over 1,200 cancer patients for initial clinical studies. Learn more at 2xoncology.com (http://www.2xoncology.com/).

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