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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

Post by spesestsemperon Sep 19, 2024 7:14pm
230 Views
Post# 36232126

30 million for breast cancer trial

30 million for breast cancer trial

So , if i heard from the fireside correctly today , they need 30 million to fund the next breast cancer trial . At theses levels that is approximately 30 million shares . They could exercise some of their options and help get the share price up with insider buying . They get it up enough past $3 , then maybe some warrants will get exercised . Between the options and the warrants , they wouldn't have to issue that many additional shares .  At any rate - higher the share price - less dilution . Nice to see some questions being asked today from the attendees , not like the previous fireside . Still wish they would just sell things outright . $500 million would be a win for everyone at this stage , in my opinion .




sec.gov/Archives/edgar/data/1129928/000110465924085444/tm2420730d2_suppl.htm#B_014





Date of Grant Number of Stock Options Granted Exercise Price (C$) Expiry Date August 15, 2023 777,500 2.76 August 15, 2028 September 11, 2023 25,000 3.05 September 11, 2028 December 8, 2023 1,342,900 1.91 December 8, 2028 January 5, 2024 45,000 1.76 January 5, 2029 January 22, 2024 15,000 1.62 January 22, 2029 May 28, 2024 250,000 1.53 May 28, 2029



As of the date hereof, we have 7,667,050 Common Share purchase warrants (the “2023 Warrants”) issued and outstanding. Each 2023 Warrant entitles the holder to purchase one common share at an exercise price of US$2.81 until August 8, 2028.

 

As of the date hereof, we have 536,693 Common Share purchase warrants (the “2023 Compensation Warrants”) issued and outstanding. Each 2023 Compensation Warrant entitles the holder to purchase one common share at an exercise price of US$2.25 until August 8, 2028.

 
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