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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 Oct 19, 2022 12:22pm
145 Views
Post# 35033912

J&J projects US$60 Bln in sales x 2025 led by oncology drugs

J&J projects US$60 Bln in sales x 2025 led by oncology drugs
"During the third quarter, J&J's pharma growth largely came from the oncology and immunology sectors, thanks to Tremfya and Darzalex. Darzalex on its own achieved 38.7% growth worldwide and contributed over $2 billion in revenue during the quarter, setting the multiple myeloma drug up to be a pharmaceutical superstar. Lee Brown, global sector lead for healthcare at Third Bridge, noted the “phenomenal growth” of Darzalex in a series of remarks."

[The "phenomenal growth" in J&J's cancer portfolio demonstrates the trajectory that the whole oncology market is headed - at a time when ONCY's pelareorep is close to approval and which could come very early with an accelerated approval filing by ONCY's eventual acquirer ]

https://www.fiercepharma.com/financials/johnson-johnson-sticks-2025-projection-60-billion-pharma-sales-relying-eight-key-brands
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