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From SoftBank to Tencent and OrbiMed: Who Is Investing in the Oncology Sector?

Various investors, including SoftBank Vision, Apollo, OrbiMed, Tencent, and RA Capital Management, are funding oncology research and innovation. Collectively, investments in the sector exceed $17 billion, with notable contributions like RA Capital’s $2.4 billion across 29 companies. The sector, comprising over 23,600 companies, generated 13,020 investment rounds last year, reflecting strong financial backing and growth.




Who is funding innovation and research in oncology? In a sector that generates an annual expenditure of $400 billion, different investment funds, banks and private companies support and encourage improvements in the sector. SoftBank Vision, Apollo, OrbiMed or Tencent are some of the companies that have invested in various companies and start-ups, according to data from the Oncology 2024 report prepared by Start Us Insights.

Specifically, Softbank Vision has invested a total of $1.7 billion in seven companies in the oncology sector. Tencent, for its part, has backed five companies with $2 billion and Apollo financed at least one company with $1.8 billion.

In the case of OrbiMed, the disbursement was 1.5 billion dollars in the sponsorship of 33 companies, while CDH Investments financed seven companies with a total of 1.6 billion dollars. According to the report, RA Capital Management is the fund that has invested the most, with 2.4 billion dollars , distributed among 29 companies in the oncology sector.

Other major investors included Arch Venture Partners, which raised $1.8 billion in funding for fifteen companies, and Gilead Sciences, which backed six companies for a total of $1.4 billion. All in all, the investment value of the sector exceeded $17 billion, demonstrating the financial support in the sector.

Oncology medicine generated 13,020 investment rounds in the last year

The document also provides other relevant data on oncology, such as that the cancer industry is made up of more than 23,600 companies and 4,556 start-ups. However, the figure is 0.63% lower than that recorded in the 2023 report. In total, the sector generates 2.8 million jobs and 136,000 new employees were added in the last year alone.

For each round of investment generated last year, the oncology industry received an investment of $32 million, with more than 3,100 investors. In addition, the report states that more than 13,020 rounds of financing were closed and more than 4,840 companies benefited from these injections.

According to another report recently published by the Iqvia Institute, spending on oncology medicine is expected to reach $409 billion worldwide by 2028. In 2023 alone, spending was $223 billion. The growth will be accompanied by an increase in the rate of cases worldwide, which could reach 32 million by 2050.

Innovative Startups in Oncology

The Start Us report highlights five promising start-ups for their innovation and development in recent years, bringing advances of significant value to oncology. The first of these is the Swiss company Cancer Research and Biotechnology, which develops non-toxic small molecule drugs to treat cancer by restoring the balance in cellular metabolic pathways.

US-based Biobohemia, meanwhile, is known for using antigen-based technology to improve cellular cancer vaccines. By identifying the properties of cancer cells, the technology simultaneously enables composition and purification control. It also improves existing cellular compositions and creates new ones, giving rise to the Santavac brand of cancer vaccines that target virtually any solid cancer.

The report also highlights Spain’s Aptadel Therapeutics , which uses aptamer ribonucleic acid (RNA) technology to deliver therapeutic agents with high specificity and enhanced safety for the treatment of various types of cancer. The Spanish company’s product portfolio treats childhood cancer, particularly Ewing’s sarcoma, which affects bones and soft tissues and includes a low survival rate for metastatic cases.

Australian company AdvanCell uses targeted alpha therapy to deliver alpha particle radiation directly to cancer cells. And finally, the report highlights Singapore-based Axcynsis Therapeutics, which offers AXC, AxcynMAB, AxcynCYS and AxcynDOT therapies. Its AxcynMAB platform integrates advanced antibody discovery with computational technologies to develop high-performance antibodies.


(Featured image by National Cancer Institute via Unsplash)

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Eva Wesley is an experienced journalist, market trader, and financial executive. Driven by excellence and a passion to connect with people, she takes pride in writing think pieces that help people decide what to do with their investments. A blockchain enthusiast, she also engages in cryptocurrency trading. Her latest travels have also opened her eyes to other exciting markets, such as aerospace, cannabis, healthcare, and telcos.