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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 Apr 21, 2024 8:54am
59 Views
Post# 36000025

RE:RE:Inflation Reduction Act (IRA) boosts biological drugs

RE:RE:Inflation Reduction Act (IRA) boosts biological drugs April 11, 2024 - " Several factors have contributed to the rise of biotech acquisitions in the pharmaceutical industry. One significant factor is the growing complexity of drug development, particularly in areas such as oncology and rare diseases, where targeted therapies and personalized medicine are becoming increasingly prevalent. Biotech companies, often specializing in these areas, possess valuable expertise and assets that can complement the capabilities of larger pharmaceutical firms.
 
Moreover, the patent cliff—the expiration of patents on blockbuster drugs—has pressured pharmaceutical companies to replenish their pipelines with innovative new therapies. Acquiring biotech companies with promising drug candidates offers a strategic way to mitigate the impact of patent expirations and maintain a competitive edge in the market.

https://worldofdtcmarketing.com/the-shifting-landscape-of-pharma-investment-acquiring-biotech-companies-over-research/
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