Theolytics Awarded Significant £2M Transforming Cancer Therapeutics Grant from Innovate UK

By Dr. Matthew Watson

Oxford UK September 2nd, 2024. Theolytics, a clinical-stage biotechnology company developing next-generation oncolytic viral therapies, has been awarded £2M from Innovate UK’s prestigious Transforming Cancer Therapeutics grant funding competition to support the clinical development of its lead candidate THEO-260. This non-dilutive funding adds to the £19M raised earlier this year from a strong investor syndicate comprising M Ventures, Taiho Ventures, Epidarex Capital, Oxford Science Enterprises, Sound Bioventures and Oxford University Innovation.

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Theolytics Awarded Significant £2M Transforming Cancer Therapeutics Grant from Innovate UK

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