On December 7, 2015 iTeos Therapeutics SA, the drug discovery company for immunomodulators,reported that it has received a €2.94 million non-dilutive funding from the Walloon Region of Belgium to expand its preclinical drug discovery pipeline targeting new immunotherapies for the tumor micro-environment (Press release, iTeos Therapeutics, DEC 7, 2015, View Source [SID:1234513306]).

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"This grant will allow us to expand our proprietary pipeline by adding a program to develop small molecule inhibitors for a target involved in T cell anergy". said Christophe Quéva Ph.D., chief scientific officer of iTeos. "It will complement our growing portfolio of small molecules and antibody approaches aimed at stimulating certain immune responses against cancers."

"We are very pleased to continue to receive strong support for our preclinical research from the Walloon Region. In parallel to our strategic collaboration with Pfizer, which was announced in 2014, we are expanding the Company’s drug candidate pipeline where such grant support is pivotal for our research efforts to discover our own diversified and innovative set of drug candidate programs." said Michel Detheux Ph.D., chief executive officer of iTeos.