Oncolytics Biotech Inc ONCY

Primary Symbol: T.ONC

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 > Pfizer invests in allogeneic CAR-T therapy company

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Comment by Noteableon Oct 05, 2023 9:14pm

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Post# 35672374

RE:RE:RE:RE:RE:Pfizer invests in allogeneic CAR-T therapy company

Oncy's capital raise was to capitalize on the opportunity presented by PanCan to run a Phase 3 metastatic pancreatic cancer trial under their Precision Promise program. With ONCY correspondingly applying for an ACCELERATED APPROVAL, further leverage on a negotiated acquisition price would putatively result.

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