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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 Sep 21, 2022 6:00pm
220 Views
Post# 34977673

bluebird's gene therapy drug most expensive in the world

bluebird's gene therapy drug most expensive in the worldThe company is charging $3 million per treatment with Skysona, higher than Zynteglo’s $2.8 million, making it the priciest therapy in the world.

Skysona is bluebird’s second gene therapy after Zynteglo in the U.S. Previously, the biotech had to pull both products in Europe and folded commercial activities in the region after failing to reach reimbursement agreements with local governments.

The FDA handed out the accelerated approval based on data from two small clinical trials. The drug was found to be better than natural history data at preventing the emergence of functional disabilities or death after two years.

Right before granting the approval, the FDA also lifted a clinical hold that it previously issued in August 2021. The hold was in place after a patient who got Skysona developed myelodysplastic syndrome (MDS), a type of blood cancer. Altogether, three patients in Skysona’s clinical program showed MDS, which is believed to be caused by the Lenti-D viral vector that bluebird uses to deliver a functional ABCD1 gene into the human genome.

https://www.fiercepharma.com/pharma/3m-gene-therapy-bluebird-breaks-own-record-fda-approval-skysona
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