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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 > Big pharma is set to keep signing bigger deals in 2024
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Comment by Noteableon Mar 09, 2024 12:17pm
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Post# 35924492

RE:RE:RE:Big pharma is set to keep signing bigger deals in 2024

RE:RE:RE:Big pharma is set to keep signing bigger deals in 2024Forbes -  $6.16 Billion Per Drug Approval - [Per Disease Indication]

Over the past 20 years, from 2001 to 2020, big pharma companies increased their R&D spending by 6% annually, and spent $6.16 Billion per drug approval. 

Back in 2010, the researchers estimated the cost per drug - from hit identification to approval - to be around $1.8 Billion, and the average time to approval to be around 13 years.

As highlighted in another recent study, most new drugs approved for the top 20 pharma companies actually originate from small biotech firms, and not internal R&D. But the total internal spending on drug discovery continues ...  reaching an average of $6.7 billion annually per company.


https://www.forbes.com/sites/alexzhavoronkov/2023/08/09/616-billion-per-drug-approval-almost-half-of-big-pharma-companies-hit-negative-rd-productivity/?sh=7c8aadeb5447

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