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Oncolytics Biotech Inc ONCY


Primary Symbol: T.ONC

Oncolytics Biotech Inc. is a biotechnology company. The Company is focused on developing pelareorep, an intravenously delivered immunotherapeutic agent that activates the innate and adaptive immune systems and weakens tumor defense mechanisms. This compound induces anti-cancer immune responses and promotes an inflamed tumor phenotype turning cold tumors hot through innate and adaptive immune responses to treat a variety of cancers. This improves the ability of the immune system to fight cancer, making tumors more susceptible to a broad range of oncology treatments. The Company’s primary focus is to advance its programs in hormone receptor-positive / human epidermal growth factor 2- negative (HR+/HER2-) metastatic breast cancer and advanced/metastatic pancreatic ductal adenocarcinoma to phase 3 licensure-enabling studies. In addition, it is exploring opportunities for registrational programs in other gastrointestinal cancers through its GOBLET platform study.


TSX:ONC - Post by User

Comment by Noteableon Mar 06, 2024 5:43pm
79 Views
Post# 35919200

RE:RE:RE:RE:AstraZeneca's ADC disappoints - on severe adverse events

RE:RE:RE:RE:AstraZeneca's ADC disappoints - on severe adverse eventsMarch 06, 2024 - Since U.K.’s National Institute for Health and Care Excellence (NICE) said Tuesday that it will not recommend the use of AstraZeneca and Daiichi Sankyo’s antibody-drug conjugate Enhertu (fam-trastuzumab deruxtecan-nxki) to treat patients with HER2-low breast cancer, it also follows that Enhertu will not be recommended for HER2-negative breast cancer, which represents 60% to 70% of the breast cancer market, leaving the market open for ONCY's pelareorep.

Since HER2-negative breast cancer is a cancer with an unmet medical treatment need, and ONCY's pelareorep has received fast track approval for the indication, the opportunity for FDA Accelerated Approval could be granted in quick succession with ONCY's expected announcement of the first Phase 3 patient being treated. 



https://stockhouse.com/companies/bullboard/oncy/oncolytics-biotech-ord-shs?postid=35918082
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