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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 > USA Inflation Reduction Act (IRA) 2022 Re: Biotech and China
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Comment by Noteableon Apr 02, 2024 10:11am
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Post# 35964928

RE:RE:RE:RE:RE:USA Inflation Reduction Act (IRA) 2022 Re: Biotech and China

RE:RE:RE:RE:RE:USA Inflation Reduction Act (IRA) 2022 Re: Biotech and ChinaMarch 29, 2024 - China-based biotech WuXi AppTec allegedly handed a U.S. client’s intellectual property over to the Chinese government without consent, according to an exclusive Reuters report on Thursday. 

Citing sources who requested anonymity, Reuters reported that U.S. intelligence officials—led by the Federal Bureau of Investigation, the State Department and the Office of the Director of National Intelligence—told senators about WuXi’s IP transfer in a classified briefing. T

The intelligence officials informed the lawmakers that WuXi and other China-affiliated entities had “engaged in activity in the U.S. contrary to U.S. national security interests,” Reuters reported.

https://www.biospace.com/article/wuxi-apptec-shared-client-ip-with-beijing-say-us-intelligence-officials-reuters/

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