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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 Mar 17, 2024 12:48pm
94 Views
Post# 35937257

RE:RE:RE:RE:RE:Big pharma is set to keep signing bigger deals in 2024

RE:RE:RE:RE:RE:Big pharma is set to keep signing bigger deals in 2024As large corporates reshuffle their portfolios regularly, either as part of ongoing strategic reviews or as part of maturing segments, assets are opportunistically divested and acquired. A growing strategy is emerging around the acquisition of orphan assets as single agents or as part of larger platform portfolios, which reflects in part, ONCY's platform asset in pelareorep for the treatment of multiple cancers. And with a registration ready drug platform, ONCY is now a late-stage clinical development company commanding a significant acquisition valuation over early stage or small molecule companies. Consequently, a premium buy-out/acquisition valuation for ONCY is as close to "world peace" as we can get.
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