Oncolytics Biotech Inc T.ONC

RE:RE:PFIZER no stone unturned in looking for new deals

[Noteable]

Comments made by Pfizer's Amir Malik during Q2 earnings CC 

"Let me just start with your specific FTC point. I think we've demonstrated a very strong track record of shepherding our transactions to-date through the regulatory process. And that's been largely built on having just a close successful, constructive, and collaborative relationships with regulatory bodies globally. In addition, our business development focus and I'll recap, our priorities in a second, is focus on how do we use our unique abilities to translate emerging science into breakthrough medicine. So most of the deals that we do are pro-patient and they're pro-innovation. So we're confident that we can continue to advance our BD strategies in a successful way. We've been very clear that our goal is to add $25 billion of risk adjusted revenue by 2030. And I think we are making very good progress against that.

"And going forward, we're leaving very few stones unturned when we look at opportunities and our focus is going to be consistent. It's on scientific substrate that has the potential breakthrough for patients, deals that accelerate our top line growth in the back half of the decade, and then opportunities where we can add substantial value, whether that's through our scientific chops and/or our commercial capabilities. And we're going to be very open to deal structures. And we've said before, we're also going to be agnostic to size. 

We've been clear about the fact that cost synergy driven deals are not where our focus is going to be, and we're going to be extremely disciplined. I think we're very excited about the opportunities that are ahead of us and the flexibility that our balance sheet gives us to pursue those. And on your question on valuation fluctuations, those market valuation fluctuations are not going to drive RBD strategy. We're going to remain focused on fundamentals in the way that I described."