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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 inthnoon Mar 10, 2023 1:55pm
385 Views
Post# 35331210

Atm

AtmMy concern at this point is that I heard that the company needs to maintain a certain market cap to be able to continue to use the atm and believe they may have fallen below that threshold. It was some time back but heard 75 million u.s. dollars. I cannot absolutely confirm this but was in general conversation with someone who has dealt with financing. So they for now have enough capital to carry them through 2024 so let's get this deal done quickly.
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