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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 fox7mfon Jul 13, 2023 8:51am
211 Views
Post# 35538905

RE:I know I know!

RE:I know I know!Nope. It is taking long. Hopefully the wait ends in the next 45 days, and hopefully it ends in buyout not partnership. This is a massive deal & we have to expect a lot of foot dragging & DD on the part of BP. With Pela's seeming infallibility it's going to cost a lot. Immunomedics ended up being a purchase that perhaps might not work as well as everyone believed. I believe Oncy could/should fetch at least over $12b, so we have to remain patient. PFE may have jumped right back into negotiations once their Seagan acquisition fell through. The delay is good because it means bidding war. My opinion. 
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