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Oncolytics Biotech Inc T.ONC

Alternate Symbol(s):  ONCY

Oncolytics Biotech Inc. is a 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 phase 3 licensure-enabling studies. In addition, it is exploring opportunities for registrational programs in other gastrointestinal cancers through its GOBLET platform study.


TSX:ONC - Post by User

Comment by westcoast1000on Oct 24, 2022 9:54pm
171 Views
Post# 35045562

RE:RE:RE:RE:Myovant Sciences acquired for $2.9 BLN on second offer

RE:RE:RE:RE:Myovant Sciences acquired for $2.9 BLN on second offer An offer of 2.9 billion US is effectively $4 billion Canadian at this time. We have roughly 60 million shares outstanding. An offer of that scale would be about $65 per share.

I think a large majority of the shareholders would vote for that offer in a heartbeat.

Many of the shareholders have been here for more than 10 years and many of those are quite old, certainly past retirement age.

Money soon has many advantages over a bigger offer later, if one were to be available. 
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