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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 Jun 17, 2023 12:15pm
103 Views
Post# 35501762

RE:Seagen's top ADC defeated by BMS checkpoint inhibitor

RE:Seagen's top ADC defeated by BMS checkpoint inhibitorBristol’s blockbuster Opdivo halted the progression of advanced Hodgkin’s lymphoma in 94% of patients who also received chemotherapy, compared with 86% of those who received Seagen’s Adcetris plus the standard treatment. Four patients who received Opdivo died during the one-year study of 976 people, versus 11 who took Adcetris, according to findings released Sunday at the American Society of Clinical Oncology’s annual meeting in Chicago. 

Seagen is a leader in designing, testing and making antibody-drug conjugates — precision therapies that deliver cancer-killing drugs so potent they might otherwise be too toxic to use. The comparison to Bristol’s immune therapy could raise investor concerns as Pfizer Inc. prepares to acquire Seagen for $43 billion.

The head-to-head trial is “practice-changing,” said Alex Herrera, an oncologist at the City of Hope National Medical Center in Duarte, California who led it. Opdivo plus chemotherapy “is poised to become the way we treat patients with stage 3 and 4 Hodgkin’s lymphoma.”

Opdivo was better tolerated by the teens and adults studied than Adcetris, according to Herrera. Patients who took the Seagen drug needed injections to raise levels of white blood cells, he said, and the therapy can cause bone pain. Opdivo patients also had less numbness and pain in the fingers and toes than the group that took Adcetris, which saw twice as many participants drop out due to side effects.

Pfizer Chief Executive Officer Albert Bourla is under increasing pressure to show the company can replace billions in revenue from Covid-19 products whose sales are falling as the pandemic eases. The Seagen deal is part of its bid to expand aggressively into oncology, one of the industry’s biggest growth opportunities."

https://www.bnnbloomberg.ca/seagen-s-top-drug-beaten-in-study-just-as-pfizer-buys-the-biotech-for-43-billion-1.1928739

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