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Expanding Norwegian Cluster of Excellence Dedicated to Oncology
Date:10/31/2011

OSLO, Norway, October 31, 2011 /PRNewswire/ --

Oslo Cancer Cluster represents a strong R&D environment dedicated to oncology. The true strength of the Norwegian cluster lies within developing novel technologies and significantly better cancer treatments than the ones available to cancer patients today.

Oslo Cancer Cluster is a research and industry cluster within the field of oncology, dedicated to accelerating the development of new cancer diagnostics and medicines. The cluster comprises of more than 60 members mainly from Norway, and is founded on the basis of the excellent cancer R&D performed at universities and university hospitals in Norway, like the Oslo University Hospital as well as Haukeland University Hospital and NTNU.

Oncology start-ups: Cancer Vaccines

The strength in research has recently manifested itself in several new oncology start-up companies within the field of cancer vaccines and targeted radio immunotherapy. One of these companies, Ultimovacs is developing a novel peptide based therapeutic cancer vaccine. The main investor in Ultimovacs is Bjørn Rune Gjelsten. Gjelsten is one of Norway`s most successful businessmen, and this is the first time he has invested in a oncology company. Targovax is another start-up, developing a peptide-based cancer vaccine. The lead candidate TG01 is ready for a phase II clinical trial in resectable pancreas cancer.

Oncology start-ups: Algeta follow-ups

Two other start-ups: Nordic Nanovector and Oncoinvent, are set up by the researchers/founders behind Algeta. Algeta has developed Alpharadin, which is a drug against bone metastases in prostate cancer patients that recently was granted fast-track by the FDA due to excellent results performed in the phase III trial on the drug. Nordic Nanovector develops innovative therapeutics against Non-Hodgkins lymphoma (NHL). They have developed a nanovector based on a tumor specific antibody and a radioactive
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SOURCE Oslo Cancer Cluster
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