Policy & Regulation
OncoSenX Raises USD 3m to Advance New Class of Cancer Therapeutics
11 July 2019 - - US-based oncology company OncoSenX, Inc., a late preclinical-stage company developing therapeutics to kill cancer cells based on their genetics, has raised USD 3m in pre-seed funding to advance its pipeline, the company said.
"These funds will allow us to accelerate the preclinical research necessary for us to begin phase 1 clinical development," said Matthew Scholz, chief executive officer of OncoSenX. "We believe our non-viral gene therapy for solid tumors represents the first in a new class of cancer therapeutics. The OncoSenX team is diligently working to bring this new approach into the clinic for the benefit of a global oncology community clearly in need of new options."
OncoSenX is developing a highly selective tumor-killing platform with two main components: a proprietary lipid nanoparticle for cellular delivery and a highly selective DNA payload.
The LNP is designed to deliver its non-integrating DNA payload to solid tumors, while an engineered promoter drives expression of a potent, inducible death protein only in the target cell population. The goal is to precisely target cell populations based on their genetic activity without harming nearby cells.
This platform can be effectively programmed to implement logic gates (IF/OR/AND) to provide selectivity to any target cell based on its genetics.
OncoSenX is currently preparing for its regulatory interactions and will then perform pivotal toxicology studies in anticipation of filing to begin human trials.
OncoSenX is a late preclinical-stage oncology company developing therapeutics to kill cancer cells based on their genetics. Headquartered in Seattle, Washington, the company's technology platform targets solid tumors based on transcriptional activity using a unique lipid nanoparticle and plasmid DNA approach.