Targovax: Targovax is a clinical stage biotechnology company developing immune activators to target hard-to-treat solid tumors. Targovax’s lead product candidate, ONCOS-102, is a genetically modified oncolytic adenovirus that has been engineered to selectively infect and replicate in cancer cells. It has been shown to activate the immune system to generate tumor-specific immune responses. ONCOS-102’s targeted path-to-market indication is mesothelioma, where the virus is currently being tested in a randomized phase II trial.
Sector/industry:
Healthcare/Biotechnology
Characteristics:
Based in...
Europe
Clinical Stage
Phase l or ll
Disease Space
Anti-infectives, Antivirals, Immuno-Oncology, Immunotherapy, Oncology
Finance
Pre-earnings
Industry
Biotechnology
Listing
Europe, Public
Market Cap
<100MM
Therapeutic Modalities
Platform Technology
Website:
Address:
Lilleakerveien 2 C
Oslo, NO-0283
Norway

Company Participants at Solebury Trout Annual 1x1 Management Access Event

Erik Digman Wiklund
Targovax, Chief Business Officer
Former consultant in the Pharma & Healthcare practice of McKinsey & Company, combined with a PhD in cancer research Erik brings experience from management consulting, as well as commercial and operational roles in the biotechnology industry. Most recently he held the position as Director of Product Innovation in the nutraceutical company Aker Biomarine Antarctic AS, and also has experience from the Norwegian oncology success Algeta ASA. Erik holds a PhD in Molecular Biology from Aarhus University, Denmark, and the Garvan Institute in Sydney, Australia.
Torbjørn Furuseth
Targovax, Chief Financial Officer
An experienced executive with a broad background within life science. He joins from the clinical stage immune-oncology company Lytix Biopharma, where he has served as CFO and conducted several financing rounds. Prior to this, he was EVP Innovation at Aker BioMarine, where he established and led the innovation department. Torbjørn also brings six years’ experience as a management consultant at McKinsey & Company, where he served several pharma and healthcare clients. Torbjørn is a Medical Doctor from Norwegian University of Science and Technology (NTNU).
Øystein Soug
Targovax, CEO
20 years in international banking and industry, the last six of which as CFO of Algeta ASA and was the former CFO of Targovax ASA. Øystein Soug is the former CFO of Algeta, a Norwegian oncology biotech company which was sold to Bayer for USD 2.9 billion in 2014. Prior to joining Algeta in 2008 Mr. Soug worked for six years at Orkla, lastly as CFO of Orkla’s Russian division. Mr. Soug started his career as a banker with Credit Suisse and with the European Bank for Reconstruction and Development. Mr. Soug received an MSc in Economics and Financial Markets from Universität St. Gallen in Switzerland in 1997.

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