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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 > Big pharma is set to keep signing bigger deals in 2024
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Comment by Noteableon May 22, 2024 2:21pm
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Post# 36052445

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

RE:Big pharma is set to keep signing bigger deals in 2024May 15, 2024 - Blackstone's newly created Life Sciences division is launching a new biotech focused on inflammation and immunology.

Consider this announcement a bat signal to the companies that missed out on the Aiolos Bio sweepstakes. That biotech similarly launched with more than $200 million in October 2023 with an anti-TSLP antibody and less than three months later, GSK came calling, buying the company for $1 billion with $400 million in milestone payments up for grabs.

[ This development further demonstrates that Big Pharma is looking for M&A targets and Blackstone's entry into the drug development space confirms this "need".] 

https://www.fiercebiotech.com/biotech/blackstone-unsheathes-uniquity-bio-300m-more-evidence-immunology-and-inflammation-rule-day
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