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Oncolytics Biotech Inc ONCY


Primary Symbol: T.ONC

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

Comment by Noteableon Oct 29, 2024 1:46pm
68 Views
Post# 36287161

RE:RE:Novartis US$2.9 Billion MorphoSys BET Inhibitor safety issue

RE:RE:Novartis US$2.9 Billion MorphoSys BET Inhibitor safety issue

November 21, 2023 -  MorphoSys CEO Jean-Paul Kress’ words are coming back to haunt him. The MorphoSys CEO has previously said AbbVie “failed” its phase 3 myelofibrosis trial because the Big Pharma missed one of two endpoints. Now, Kress is defending MorphoSys’ similarly mixed data on its $1.7 billion rival.

The data come from a phase 3 clinical trial of pelabresib, a BET inhibitor that MorphoSys acquired in its $1.7 billion acquisition of Constellation Pharmaceuticals. The study tested the effect of giving pelabresib and the JAK inhibitor ruxolitinib to myelofibrosis patients. After 24 weeks, MorphoSys saw a significant improvement in the proportion of patients achieving at least a 35% reduction in spleen volume (SVR35).

That significant improvement caused the study to hit its primary endpoint. The problem for MorphoSys is that, until recently, management had consistently said a hit on the spleen volume endpoint was one of two outcomes needed to unlock the myelofibrosis market.

Pelabresib failed on the second key measure. The study found 52% of patients taking pelabresib and ruxolitinib had at least a 50% reduction in total symptom score (TSS50), compared to 46% of people who took placebo with the JAK inhibitor.

https://www.fiercebiotech.com/biotech/morphosys-after-saying-abbvie-failed-defends-own-mixed-blood-cancer-data-plots-approval

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