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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.


TSX:ONC - Post by User

Oncolytics Biotech Inc > Inflation Reduction Act (IRA) boosts biological drugs
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Comment by Noteableon Mar 06, 2024 4:05pm
92 Views
Post# 35918957

RE:RE:RE:RE:Inflation Reduction Act (IRA) boosts biological drugs

RE:RE:RE:RE:Inflation Reduction Act (IRA) boosts biological drugs
February 13, 2024 - Court Dismisses PhRMA Lawsuit Challenging IRA .

"Today, the district court for the Western District of Texas granted the government’s motion to dismiss the lawsuit brought by PhRMA and other organizations challenging the Drug Price Negotiation Program of the Inflation Reduction Act.  The lawsuit was brought by three Plaintiffs: PhRMA, the Global Colon Cancer Association, and the National Infusion Center Association (“NICA”)".

https://www.jdsupra.com/legalnews/court-dismisses-phrma-lawsuit-4339856/

The consequence of the decision has moved Pfizer to guide that the company would be shifitng out of 'small molecules" research and instead will focus on the development of biological drug products, as previously discussed.
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