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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 24, 2022 10:58am
277 Views
Post# 35043562

Myovant Sciences acquired for $2.9 BLN on second offer

Myovant Sciences acquired for $2.9 BLN on second offer October 24, 2022 - Shares of Myovant Sciences rose in premarket trading Monday after the company agreed to be acquired by Sumitovant Biopharma for $2.9 billion - three weeks after turning down a previous offer.

Myovant Sciences portfolio consists of two molecules, relugolix and MVT-602:
  • Relugolix is a gonadotropin-releasing hormone (GnRH) receptor antagonist that reduces sex hormones such as testosterone, estradiol, and progesterone. Relugolix is available as a 120 mg tablet and as a combination tablet (relugolix 40 mg, estradiol 1 mg and norethindrone acetate 0.5 mg). Relugolix is marketed in multiple indications internationally and is currently under investigation for certain uses.
  • MVT-602 is an oligopeptide kisspeptin-1 receptor agonist being investigated for its potential as a trigger of egg maturation in women undergoing assisted reproduction, including in vitro fertilization (IVF).
https://www.myovant.com/our-science/pipeline/#
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