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Oncolytics Biotech Inc T.ONC

Alternate Symbol(s):  ONCY

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

Post by Noteableon Jun 20, 2023 10:32am
142 Views
Post# 35505083

Lilly makes US$2.4 Billion buy of early-stage company

Lilly makes US$2.4 Billion buy of early-stage companyJune 20, 2023 - "Under the terms of the deal, Lilly will buy all of DICE’s outstanding shares for $48 a pop, representing a 40% premium to the latter’s 30-day volume weighted average shares price as of last Friday. Lilly will make the payment in cash, amounting to an aggregate of around $2.4 billion."

 
DICE’s DELSCAPE platform has yielded two oral candidates that have begun early-stage clinical testing: DC-806 and DC-853 target the pro-inflammatory cytokine IL-17.

https://www.biospace.com/article/lilly-aims-to-boost-immuno-business-with-2-4b-dice-buy/


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