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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 venture009on Jun 05, 2023 12:53pm
280 Views
Post# 35480656

KOL

KOLThis boards consensus is the information was positive, only wish the market and the FDA shared the same opinion. Without FDA granting AA ,and why wouldn't they, with such a difficult disease to treat and few options available, or the announcement of a partner or buyout  the response will continue to be muted. This has been the storyline of this company for so many years beginning with the head and neck back in 2008. They just can't get any traction to see the share price rise to the levels required to garner any instutional investor interest or a BP and one wonders why when this boards response is so overwhelmingly positive. Let's hope they are negotiating with more than one BP otherwise the prospects of a happy ending are growing even more remote.  No money to conduct a PIII themselves leaves very few options. This is the reality and they better move quick, time is money.
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