RE:RE:CG Oncology CG is now trading.
IPO at $19, and trading on opening day above $30.
Current market cap of CGON is above $1.5 BIllion U.S.
Current market cap of ONCY is less than $100 Million U.S.
Market values CGON at more than 15 times the value of ONCY.
Even more telling, on a day when oncolytic viruses are in the spotlight and we have our first Oncoltyic Virus Unicorn, at a time when one might expect valuations of all oncolytic virus companies to rise due to interest in the field...
ONCY is up 5 CENTS.
Recall, back on December 13th, 2023 the CEO of Oncolytics Biotech announced to the world that his company's fair value was less than $1.45 per share (CDN)
ONC desparately needs and new CEO.
With the firing of MC, ONC's stock might double in price.