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Oncolytics Biotech Inc ONCY


Primary Symbol: T.ONC

Oncolytics Biotech Inc. is a 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 phase 3 licensure-enabling 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 Jun 26, 2024 12:16pm
107 Views
Post# 36107176

RE:RE:RE:RE:How does Accelerated Approval work

RE:RE:RE:RE:How does Accelerated Approval work June 20, 2024 - FDA CBER (biologics) Director speaks to another accelerated approval pathway for rare diseases under the Promising Pathway Act, which has been introduced in both chambers of Congress.

[ Pancreatic cancer is considered a rare disease, accounting to 3% of all cancers in the United States ]

https://www.elcaminohealth.org/stay-healthy/blog/pancreatic-cancer-rare-and-little-known-disease#:~:text=Considering%20that%20pancreatic%20cancer%20is,to%20the%20American%20Cancer%20Society.

The US Food and Drug Administration’s (FDA) top biologics official said the proposed Promising Pathways Act would lower the bar for approving treatments for rare diseases and that the existing accelerated approval pathway suffices in bringing treatments to the market that fulfill unmet medical needs. 

Speaking at the DIA 2024 Global Annual Meeting on 18 June, Peter Marks, director of the Center for Biologics Evaluation and Research (CBER), was asked to address the status of the accelerated approval pathway, as well as the changes to the program prompted by the Food and Drug Omnibus Reform Act (FDORA).

Marks, along with other experts on the panel, reiterated his support for the accelerated approval program for bringing rare disease and other treatments for unmet medical needs to market.

The accelerated approval program is available to drugs that treat serious or life-threatening conditions that fulfill unmet medical needs. It allows FDA to approve drugs based on a surrogate or intermediate endpoint until confirmatory studies are completed to show a drug’s clinical effectiveness.
 

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