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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

Comment by Noteableon May 16, 2023 7:38pm
213 Views
Post# 35451413

RE:RE:RE:FTC blockage of Amgen's US$28 BLN takeover of Horizon

RE:RE:RE:FTC blockage of Amgen's US$28 BLN takeover of Horizonwestcoast - your observation is the essence of a "bolt-on" acquisition that Big Pharma companies are increasingly interested in conducting given today's M&A environment. Also the lack of an anti-competitive perspective in the review of such a transaction is further driving Big Pharma's motivation.

Furthermore, the succesful completion of Pfizer US$43 Billion acquisition of Seagen in now in question, particularly following today's FTC Amgen/Horizon decision that was preceeded by the FTC's April 2023 decision to have Illumina divest it's US$7.3 Billion of the cancer test developer Grail, as another example.


https://www.cnbc.com/2023/04/03/ftc-orders-illumina-to-divest-grail-acquisition.html   
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