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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

Comment by Noteableon Nov 08, 2024 6:41pm
84 Views
Post# 36304152

RE:RE:RE:RE:RE:Antibody-Drug Conjugate (ADC) developments

RE:RE:RE:RE:RE:Antibody-Drug Conjugate (ADC) developments Following reports of an ex-AstraZeneca executive being detained in China, the company acknowledged that its current president in the country, Leon Wang, "is cooperating with an ongoing investigation."

The development surrounding Wang comes quickly on the heels of a report that BeiGene executive Eva Yin had been detained by anti-smuggling authorities in Shenzhen. Before joining BeiGene, Yin spent 15 years with AstraZeneca, including as head of its oncology business in China for part of that time. 

Prior to that, Chinese authorities in January 2022 accused some AZ staffers of running an insurance swindle, tampering with genetic testing results to put ineligible patients on the company’s EGFR inhibitor Tagrisso. The case started in Shenzhen.

AZ’s China president and executive vice president of international markets, Leon Wang, is related to an insurance fraud case that first emerged about three years ago.

Before joining AZ, Wang served in several roles at Roche, according to the biography.

https://www.fiercepharma.com/pharma/astrazenecas-china-president-faces-ongoing-investigation-authorities-country
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