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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 Aug 03, 2023 1:08pm
137 Views
Post# 35571561

RE:Seagen deprioritizes ADC that previously was $1.6 Bln deal

RE:Seagen deprioritizes ADC that previously was $1.6 Bln dealThis development to drop the further development of the antibody-drug conjugate (ADC) reveals that any current licensing agreement for a single indication is worth US$600 million + a US$1 Billion investment in the stock of the company.

A further investment of US$2.6 Billion was to be a follow-up milestone payment in this upfront payment + stock purchase + follow-up bio-buck deal.


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