Funds increase stakes on Danish cancer company and are ready with new millions
![The existing investors in IO Biotech, which develops cancer drugs, now add significantly more funds to the Copenhagen-based company. | Foto: Gilead Sciences/Reuters/Ritzau Scanpix](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article12352988.ece/ALTERNATES/schema-16_9/20200430-093533-L-1920x1080we.jpg)
Biotech company IO Biotech's investors have so much faith in the management of the company – which develops drugs against cancer – that it's practically throwing money at the Copenhagen-based firm.
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