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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 Aug 01, 2023 8:47pm
281 Views
Post# 35568018

Partnership

PartnershipYou can put a positive spin on it but the point is most on this board and others, had hoped for, at  the very least, a partner  paying for the trials or the ultimate, a buyout. This news suggests neither is in the works and most likely more dilution to come. The worse part is the time element. Another two years at least. May be they are using the recent financing as leverage but I doubt it. If BP were interested they would be lining up with a cheque. Something doesn't add up. Two possible PIII and may be a 3rd on the way and no BP sees this as a golden opportunity. WHY?
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