Expanding Norwegian cancer cluster adds new start-ups

In Norway, the 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. 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.

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 Bjorn Rune Gjelsten, who 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.

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