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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 Apr 29, 2024 9:41am
85 Views
Post# 36012398

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

RE:RE:RE:Inflation Reduction Act (IRA) boosts biological drugs April 29, 2024 - Novartis US$2.9 Billion acquisition of MorphoSys in February 2024 involving pelabresib, an investigational small molecule blocker of BET proteins, has run into complications due to safety issues, notwithstanding that at the time of the acquisition announcement it was stated that pelabresib could be a “potentially practice changing treatment option” with an overall favorable tolerability and safety profile.

https://www.biospace.com/article/safety-concerns-with-morphosys-blood-cancer-drug-could-mar-2-9b-novartis-buy-stat/

https://www.biospace.com/article/novartis-boosts-cancer-business-with-2-9b-morphosys-buy/


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