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Oncolytics Biotech Inc T.ONC

Alternate Symbol(s):  ONCY

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 Jul 18, 2023 11:49am
84 Views
Post# 35546138

RE:RE:RE:Seagen filed SEC Schedule 14A outlining Pfizer $43 Bln M&A

RE:RE:RE:Seagen filed SEC Schedule 14A outlining Pfizer $43 Bln M&A " Second requests from the FTC come in roughly 25% of merger and acquisition deals, with the regulator challenging a transaction 5% to 10% of the time, MEDACorp told SVB, adding that a second request can extend the timeline for review by six to nine months. 

A month ago, Pfizer revealed in an SEC filing that it had withdrawn its notification for the buyout of Seagen and would refile it later in the day (which hadn't happened as announced). The move extended the FTC’s review of the deal by 30 days to Friday of last week.

T
he FTC's attempt to block the Amgen-Horizon deal—it's first such move against a biopharma company in more than a decade—raises concern for Pfizer's buyout of Seagen. "

https://www.fiercepharma.com/pharma/ftc-asks-pfizer-seagen-more-information-proposed-43b-merger
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