Immune-Onc Therapeutics

Immune-Onc Therapeutics

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Private Company

Total funding raised: $50M

Overview

Immune-Onc Therapeutics is a private, clinical-stage biotech company pioneering a new class of immunotherapies targeting myeloid cell inhibitory receptors. Founded in 2016 and based in Palo Alto, California, the company is advancing a pipeline of first-in-class antibodies, with its lead asset IO-202 in Phase 1b expansion for blood cancers like AML and CMML. Immune-Onc's strategy is built on the premise that modulating myeloid cells, a key component of the innate immune system, can unlock therapeutic benefits for patients unresponsive to existing checkpoint inhibitors, addressing significant unmet needs in both oncology and autoimmunity.

OncologyAutoimmune DiseasesInflammatory Diseases

Technology Platform

Platform focused on targeting myeloid cell surface proteins, particularly the LILRB family (e.g., LILRB4, LILRB2, LAIR1) of immune inhibitory receptors. Develops monoclonal antibodies that either modulate (block) inhibitory signals to activate immune response or deplete specific pathogenic/malignant myeloid cells via ADCC/ADCP.

Funding History

3
Total raised:$50M
Series B Extension$15M
Series B$21M
Series A$14M

Opportunities

The significant unmet need in the 70-80% of solid tumor patients who do not respond to T-cell checkpoint inhibitors, and in blood cancers like AML where immunotherapy has had limited impact, represents a multi-billion dollar market.
The emerging field of myeloid checkpoint inhibition offers a novel, potentially complementary mechanism to existing therapies, with high potential for combination regimens.

Risk Factors

High clinical development risk associated with a novel, first-in-class mechanism targeting myeloid cells.
Intense competition from other companies exploring myeloid and innate immune targets.
Financing risk as a private, pre-revenue company dependent on raising capital to fund expensive late-stage trials.

Competitive Landscape

The myeloid checkpoint space is emerging and competitive, with several biotech and large pharma companies exploring targets like SIRPα, CD47, and other LILRB family members. Immune-Onc appears to be a leader specifically in targeting LILRB4 with IO-202. Success will depend on demonstrating superior clinical efficacy, safety, or differentiation compared to other myeloid-directed approaches.