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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 > PwC sees continuation of US$ 5 to 15 Billion Bio M&A Deals
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Comment by Noteableon Apr 24, 2024 10:35am
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Post# 36005001

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:PwC sees continuation of US$ 5 to 15 Billion Bio M&A Deals

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:PwC sees continuation of US$ 5 to 15 Billion Bio M&A Deals
According to a new Evaluate 2024 analysis the orphan drug category is set to pick up $185 billion in sales this year and some $270 billion by 2028. 
 
While the obesity market is currently the hottest ticket, blockbusters across disease areas such as neuroscience, immunology and oncology stand to overtake orphan drug’s slice of the pie.

What is notable is that ONCY's platform drug pelareorep is positioned in each of the disease categories where immuno-oncology and orphan drugs will be predominant, particularly in advanced/metastatic pancreatic and HER2-negative breast cancer. 

From the perspective of "big drugs for big diseases", ONCY is moving pelareorep into the expanded breast cancer market with pelareorep directed at the treatment of early breast cancer - effectively moving pelareorep into the treatment of the significantly larger breast cancer market.

Companies with largest orphan drug sales go to J&J, Roche and AZ, with J&J taking the No. 1 spot. The company is expected to bring in over $30 billion in 2028 orphan drug sales, while Roche at No. 2 looks to take home $16.8 billion.
 

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