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Oncolytics Biotech Inc T.ONC

Alternate Symbol(s):  ONCY

Oncolytics Biotech Inc. is a clinical-stage 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 registration-enabling clinical studies. In addition, it is exploring opportunities for registrational programs in other gastrointestinal cancers through its GOBLET platform study.


TSX:ONC - Post by User

Bullboard Posts
Post by carduon Dec 26, 2008 9:56am
502 Views
Post# 15667425

Article.

Article.

NHS to offer more drugs for cancer treatment

The NHS drugs watchdog is to take a more flexible approach to the issuing of treatments which can prolong the life of people with terminal illnesses, it was announced today.

Professor Sir Michael Rawlins, chairman of the National Institute for Clinical Excellence (Nice), said guidelines to be published next week would extend the range of cancer treatments available on the NHS.

Nice has come under fire in recent months for refusing to allow some cancer treatments which can extend the lives of sufferers for weeks or months on the grounds that they are not cost-effective.

Sir Michael said that Nice had been consulting on proposals which recognised the particular importance people attached to the extra time such drugs could give them. "We appreciate these extra weeks and months can be very special," he told the BBC Radio 4 Today programme.

"We are proposing to provide our advisory bodies with supplementary advice in these sort of circumstances which will have the effect of extending the threshold range of what we would normally regard as being cost-effective."

He said that the new guidance, which will be issued on January 2 with immediate effect, would concentrate on treatments for less common cancers.

"We are not proposing to extend this to all conditions. Frankly, it would cost the Health Service hundreds of millions of pounds if we were to do that," he said.

"We believe that the pharmaceutical industry should be prepared, in some circumstances, to lower the cost for common conditions where the volume of patients is greater so that the returns on their investment can be met by a large number of people.

"That is why were are concentrating on less common cancers because we recognise that with the less common cancers and less common conditions, the development costs are about the same as they are for common ones but because the population is smaller they need to charge more for each patient."

Sir Michael said that Nice was taking steps to speed up the approval process for new treatments, but he warned that they would take time to implement.

"What our ambition is, is to make sure that guidance is available to the Health Service within three to six months of a new product going on the market," he said.

"We are putting these arrangements in hand. It won't happen immediately, I'm afraid, because there is a backlog but we will be getting there within the next 12 to 18 months."

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