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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 canadafanon Jan 02, 2024 1:17pm
370 Views
Post# 35807291

Worth further discussion..

Worth further discussion..

I posted some relevant, accurate & timely updates a few days ago.
Interestingly overwritten by for the most part, relevant to the biotech industry, but not directly related to Onc.
So:  I'll try this again.
1. The Onc San Diego office is up for lease. 

2. The V.P of USA business & development has left the company. He took his options & left. Early December.
3. Onc has said nothing about this change. Andrew G. Is now gone from the " mangement" page of their web site.
obviouoy they are closing the USA footprint.
Why?
& why no updates?

Obviously something is in- process. Not a random sequence of events.
My continued speculation is that of a buyout. Requiring a NDA & news blackout.
other options are plentry.

regardless I'm surprised ( there is that word again), no update today.
BTW, since inception & incorporation & part of corporate stratagy has always been to get Pela far enough & then partner or sell. 

" going it alone" Would require not only huge funds, but also a complete rewrite of corporate direction.
up to & including the $350million shelf prospectus...would need to be rewritten, approved by board.

That option imho is a non- starter.
regardless, stay tuned. 

Has been a very long ride. The next chapter will be revealed very soon.
As an investor new, old, or just not yet?
The science looks good. Roche is in deep with gobblet.
The business model moving forward?
it can not continue as- is for much longer.
Could be a truly binary investment right now. Quick resolution & upside. Or middle of the road re- organization.
again my opinion & thoughts. The buyout is at the lawyer & accountant stage.
Andrew left for greener pastures. Not needed in the new format.
The new hire positions? Obviously part of the future plans.


 

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