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Oncolytics Biotech Inc ONCY


Primary Symbol: T.ONC

Healthcare Biotechnology
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

Oncolytics Biotech Inc > Big Pharma making multi-billion $$ biotech acquisitions
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Post by Noteableon Apr 29, 2023 11:55am
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Post# 35420812

Big Pharma making multi-billion $$ biotech acquisitions

Big Pharma making multi-billion $$ biotech acquisitions April 24, 2023 - " Our Take: [The] latest [Merck and GSK] acquisitions follow a trend in which large pharma companies are scooping up smaller firms that have successfully developed drug candidates through the initial clinical stages. While they may pay a hefty premium, they’re able to avoid the costs associated with discovery and early failed trials. 

Buying smaller companies with attractive drug candidates — especially in the biotech sector, which has struggled mightily in the last few years — also gives Big Pharma companies a relatively smoother and less expensive way to expand into therapeutic areas beyond those already in their pipelines."

https://www.darwinresearch.com/our-take-biotech-sector-gets-a-boost-with-two-big-pharma-companies-announcing-multibillion-dollar-acquisitions/


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