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Oncolytics Biotech Inc T.ONC

Alternate Symbol(s):  ONCY

Healthcare Biotechnology
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

Oncolytics Biotech Inc > Takeda acquiring Nimbus Therapeutics subsid for US$4 Billion
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Comment by Noteableon Dec 13, 2022 4:08pm
158 Views
Post# 35169413

RE:RE:RE:RE:RE:Takeda acquiring Nimbus Therapeutics subsid for US$4 Billion

RE:RE:RE:RE:RE:Takeda acquiring Nimbus Therapeutics subsid for US$4 BillionYesterday Nimbus Lakshimi (a subsidiary of Nimbus LLC.) was valued at $ "0" (zero)  ... and today it was acquired by Japan's Takeda for US$ 4 Billion in cash + US$2 Billion in commercial milestones for a total of US$6 Billion.


So if Nimbus Lakshimi went from $US 0.00 to US$6.0 Billion (all-in one day) then ONCY's immune molecule platform pelareorep is worth at least US$ 12 Billion in an all cash up-front deal.
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