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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 > Adlai Nortye Ltd prices offering at US$23 per share
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Post by Noteableon Sep 29, 2023 10:11am
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Post# 35661456

Adlai Nortye Ltd prices offering at US$23 per share

Adlai Nortye Ltd prices offering at US$23 per share

Adlai Nortye Ltd announced the pricing of its initial public offering of 2,500,000 American depositary shares (“ADSs”), at a public offering price of US$23.00 per ADS.

  • American Depositary Shares (ADS) refer to shares in foreign companies that are held by U.S. depositary banks and can be traded in the U.S., including on major exchanges.
  • The terms American Depositary Shares and American Depositary Receipts are often used interchangeably.
  • ADSs allow foreign companies access to a wider investor base and the world's most sophisticated financial marketplace.
  • The main drawback of ADSs for investors is that there is still some currency risk, even though they are denominated in U.S. dollars.
  •  
https://www.biospace.com/article/releases/adlai-nortye-ltd-announces-pricing-of-initial-public-offering-september-29-2023/
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