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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 Noteableon Feb 15, 2022 1:15pm
181 Views
Post# 34430661

Big Pharma have made it clear they’re on the hunt for M&A

Big Pharma have made it clear they’re on the hunt for M&AFebruary 15, 2022 - [fiercebiotech.com] ...biopharma M&A expected to be a 'difference animal' in 2022 

"Biopharmas have $1.7 Trillion to spend on deals this year, and big players like Novartis, Pfizer and Merck & Co. have made it pretty clear they’re on the hunt for acquisitions. "


"After a slump in 2021, biopharma M&A is slated to pick up this year with an “innovation deficit” spurring shopping for new assets. Billions of dollars are obviously available for megadeals, and an endless sea of biotechs are giving shoppers a long list of options."

"Record-high waves of venture capital investment have flooded the drug development industry, which translates to expectations for deal valuations of $5 billion to $50 billion this year because of the sheer number of biotechs available for purchase, the PwC leader said."


https://www.fiercebiotech.com/biotech/biopharma-ma-2022-different-animal-drugmakers-coffers-lined-17t
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