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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

Post by askretkaon Mar 23, 2021 2:59pm
296 Views
Post# 32859580

15$ US Target reiterated today as well

15$ US Target reiterated today as well
Oncolytics Biotech (ONCY) H.C. Wainwright analystPatrick Trucchioreiterated aBuyrating on Oncolytics Biotech today and set a price target of$15.00. The companys shares closed last Monday at $3.07. According toTipRanks.com, Trucchio is a 3-star analyst with an average return of 7.7% and a 53.8% success rate. Trucchio covers the Healthcare sector, focusing on stocks such as Arrowhead Pharmaceuticals, Milestone Pharmaceuticals, and Precision BioSciences. Currently, the analyst consensus on Oncolytics Biotech is a Strong Buy with an average price target of $8.51, implying a 177.2% upside from current levels. In a report issued on March 8, Canaccord Genuity also maintained a Buy rating on the stock with a $7.00 price target.
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