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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

Comment by Noteableon Jan 18, 2024 12:52pm
128 Views
Post# 35833930

RE:some color behind pancan strategic reevaluation

RE:some color behind pancan strategic reevaluationSo PanCan was having difficulty with their financial model, which was highly dependent on donor contributions and US government funding, that didn't necessarily materialize as planned in 2023.

Now PanCan has decided to
 streamline operations and efficiencies while still accomplishing planned study objectives. PanCan's decision had nothing to do with ONCY, and everything to do with PanCan's internal operations and financial model.

PanCan's expressed goal is to modernize their approach to their clinical trial program by adopting 
an adaptive approach, one which ONCY had implemented into their clinical trial design, some time ago.
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