Oncolytics Biotech Inc T.ONC

Alternate Symbol(s): ONCY

Healthcare Biotechnology

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.

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Oncolytics Biotech Inc > Biogen’s $7.3 Bln acquisition of Reata followed bidding war

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Comment by Noteableon Aug 14, 2023 3:23pm

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Post# 35587562

RE:Biogen’s $7.3 Bln acquisition of Reata followed bidding war

So Biogen paid US$7.3 Billion for a niche product Biopharmaceutical company.

Now think about why ONCY is worth US$10+ Billion and more with 2 Phase 3 ready clinical trials in orphan / rare disease indications with unmet medical needs. Enhertu is still not indicated for HER2- mBC - just low HER2.

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