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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 itntdfon Jan 31, 2023 7:41am
299 Views
Post# 35255870

Falling off the patent cliff

Falling off the patent cliffanother reason for onc/oncy to be snapped up:

AbbVie Inc.’s arthritis therapy Humira is set to face its first competition in the U.S. from a near-identical copycat, the end of the exclusive run of what was for years the country’s biggest-selling drug.
 
After two decades of patent protection and more than $135 billion in U.S. sales, Humira will contend with the near-identical version from Amgen Inc.  Other Humira copycats are due to become available later this year.
 
AbbVie had fought for years to protect Humira and its sales from copycats. Under settlements with the various competitors, AbbVie can’t hold off near-identical rivals any longer. Its aggressive defense should help it hold on to most sales for several months, but Humira’s dominance is expected to start cracking by later this year when other copycats go on sale.
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