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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 fox7mfon Nov 15, 2022 9:39am
265 Views
Post# 35099470

It is frustrating...

It is frustrating......but just imagine 6 weeks from now if Parsons, Rigby & ONC have still not landed a deal/buyout. Noteable has mentioned that BP likes to wrap up M&A activities by the end of the calendar year in which they started. I think it's very safe to say PFE has known since early Q3 what Oncy has and negotiations are ongoing & in fact probably greatly sped up due to the miraculous Goblet data. PFE has to have palpable pressure to nail this down, because, as many have mentioned, Roche has all the evidence they need. Maybe the strict packaging of the mBC & Panc indications together has caused some delays and forced negotiations to backtrack some. I mean BP is now gonna be forced to pay double pretty much. Good for us...maybe not for PFE. All this to say that the negative sentiment will grow tenfold if this team can't sell a multi ph3 biotech and it may suggest that maybe BP aren't gonna spend the $$$.
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