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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.


TSX:ONC - Post by User

Oncolytics Biotech Inc > Biotech M&A is picking back up according to BiopharmaDive
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Comment by Noteableon Dec 14, 2023 12:57pm
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Post# 35784841

RE:RE:RE:Biotech M&A is picking back up according to BiopharmaDive

RE:RE:RE:Biotech M&A is picking back up according to BiopharmaDiveDecember 14, 2023 - Mergers and acquisitions across the pharmaceuticals and life sciences sector will reach a “healthy” level next year, with deals totaling $225 billion to $275 billion, according to professional services firm PwC’s new US Deals 2024 Outlook report. 

The report points to precision medicine opportunities in oncology and immunology, areas that typically see high levels of dealmaking activity. PwC also predicts that the weight loss and cardiovascular diseases spaces will see increased investor interest in 2024 after it “went through a renaissance in 2023.” 

This year “was a reasonably strong year for the pharmaceutical and life sciences sector with both deal value and volume of M&A close to pre-pandemic levels,” according to report, adding that the firm expects “similar levels of activity” in 2024. 

https://www.biospace.com/article/pharma-life-sciences-industry-to-see-healthy-m-and-a-activity-in-2024-pwc/

 

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