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Oncolytics Biotech Inc ONCY


Primary Symbol: T.ONC

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

Comment by Noteableon May 10, 2023 4:41pm
243 Views
Post# 35441702

RE:RE:USA Inflation Reduction Act (IRA) 2022 Re: Biotech and China

RE:RE:USA Inflation Reduction Act (IRA) 2022 Re: Biotech and ChinaAs parallel news on Eli Lilly, Illinois federal judge Harry Leinenweber ruled today that Eli Lilly owes triple damages from last year's award after whistleblower Ronald Streck convinced a jury that the company violated the False Claims Act and short-changed Medicaid on rebate payments.

The case dates to 2014, when whistleblower Streck—a pharmacist and lawyer—sued Eli Lilly for allegedly launching retroactive price increases and failing to pay Medicaid rebates based on the higher prices.

So it is clear that Lilly's 
chief scientific and medical officer Daniel Skovronsky is trying to change the channel as he unsuccessfully tried to criticize the recently passed IRA and its position on small molecules. Good luck Daniel ! 

https://www.fiercepharma.com/pharma/lilly-damages-tripled-183m-long-running-false-claims-case
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