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Oncolytics Biotech Inc T.ONC

Alternate Symbol(s):  ONCY

Healthcare Biotechnology
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

Oncolytics Biotech Inc > Amgen to acquire Horizon Therapeutics for US$26.4 Billion
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Comment by Noteableon Dec 12, 2022 1:21pm
124 Views
Post# 35166491

RE:RE:RE:Amgen to acquire Horizon Therapeutics for US$26.4 Billion

RE:RE:RE:Amgen to acquire Horizon Therapeutics for US$26.4 BillionHorizon's $28B sale to Amgen was kicked off by Sanofi's interest

"Amgen plans to buy Horizon Therapeutics for about $28 billion in cash, bringing on board two "immunology" drugs to ease the hit the biotech giant faces from biosimilar competition."

[ Amgen's patent cliff has prompted the company to engage in the kind of acquistion that I had posted about earlier and which serves as a catalyst for the putative acqusition interest in ONCY given that ONCY' immune molecule platform drug pelareorep is capable of going beyond the 2 indications that Horizon's immunology drugs has successfully addressed ]

https://endpts.com/amgen-to-buy-horizon-for-28b-in-the-years-biggest-pharma-takeover/
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