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Oncolytics Biotech Inc T.ONC

Alternate Symbol(s):  ONCY

Healthcare Biotechnology
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

Oncolytics Biotech Inc
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Post by bcjton Mar 01, 2011 7:35pm
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Post# 18215949

Oncolytics Biotech gets $7.7-million from warrants

Oncolytics Biotech gets $7.7-million from warrants

Oncolytics Biotech gets $7.7-million from warrants

Oncolytics Biotech Inc (C:ONC)
Shares Issued 69,881,568
Last Close 2/28/2011 $6.21
Tuesday March 01 2011 - News Release

Mr. Nick Hurst reports

ONCOLYTICS BIOTECHATRADEMARK INC. RECEIVES $7.7 MILLION FROM EXERCISE OF WARRANTS

Oncolytics Biotech Inc.'s biggest institutional shareholder has exercised 1,248,800 warrants, issued in connection with the financing that closed on Nov. 8, 2010, providing the corporation with proceeds of approximately $7.7-million. Oncolytics now has approximately 71.1 million shares issued and outstanding, and cash on hand and available for operations of approximately $55-million. The corporation plans to use the proceeds to finance an additional randomized clinical trial.

© 2011 Canjex Publishing Ltd.

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