Oncolytics Biotech Inc ONCY

Pfizer in court over Chinese stealing trade secrets

[Noteable]

February 08, 2023 - "Almost a year to the day after the Big Pharma launched its suit against Regor and two former Pfizer employees who now sit at the head of the biotech—CEO Min Zhong, Ph.D., and Chief Operating Officer Xiayang Qiu, Ph.D.—U.S. Magistrate Judge Thomas Farrish has ordered Pfizer to fork over 35 emails and text messages with the FBI related to the defendants."

https://www.fiercebiotech.com/biotech/regor-gets-permission-glimpse-pfizers-fbi-communique-glp-1-trade-secrets-dispute

[ Taken by itself -- Pfizer will be reasonably reluctant to work with any Chinese going forward. ]  

[Noteable]

Looks like this could to be that .. "sorry you're screwed provision" ... that ITNTDF wanted.

[Noteable]

"In its original lawsuit, Pfizer accused Zhong and Qiu of setting up Regor while still working at Pfizer and “stealing the hard work of Pfizer’s scientists and clinicians for their own profit and gain.” Pfizer claimed Regor pinched information from a confidential presentation on its GLP-1 program for diabetes and obesity to help build out the biotech and secure patents." The

[Noteable]

In a separate trade secrets dispute, Pfizer filed suit against former employee Chun Xiao Li in 2021, accusing the staffer of uploading more than 12,000 files, including “confidential Pfizer documents,” to a personal Google Drive account, as well as personal devices. https://www.fiercepharma.com/pharma/pfizer-says-former-employee-stole-trade-secrets-megablockbuster-covid-19-vaccine

[Noteable]

"Do you think Oncy’s association with Chinese co. Adlai Nortye could be detrimental to a buyout by not only Pfizer, but by any big pharma? " I would think that Big Pharma have generally equally made that determination based on the recently passed IRA provisions by the US Congress and signed into law by USPOTUS in August 2022.  Soon after August 2022, this board learned that

[Angler101]

Thank for a very plausible answer to a dumb question. I sure hope you’re right. 

[Angler101]

I like it when’s things are smooth...especially if it changes my life for my remaining 20 years or so 

[itntdf]

when you say:  I would also think that Adlai Nortye had willing "surrendered" their licensing agreement with ONCY knowing that ONCY would be acquired by Big Pharma what would cause you to think that?  nothing in your posted link even suggests that.

[Noteable]

"Spidey Sense ". That's how !!

[itntdf]

for all of your 'warnings" about how hedge funds and mm's want to "steal your shares", that type of claptrap answer ("spidey sense"  i.e. noteable nonsense)  is nothing more than what you have railed against on this board. get real.

[jimsenior]

@itntdf. G'day mate. Perhaps we should take the couched admission that AN is an integral part of any deal; we do not know how that will unfold, and frankly we have no idea the stage of any deals and if in fact there are any deals. Many unknowns. I would assume that most pharma deals have more than one party in the takeover target, and they have various solutions. AN will benefit if there is a

[itntdf]

no worries and agree that AN is and will be an integral part of any deal.

[fox7mf]

Meanwhile, as this tiresome debate repeats itself, the SP is getting beat up for the 2nd time in 3 days. This wait can't end soon enough. 

[itntdf]

DD can be tiresome but it is necessary in order to understand what's going on. how's the weather where you are?  grandma's in the kitchen and the smell of fresh baked bread and cookies is making everything right with the world. hope your experience is similar.

[fox7mf]

Who is this nonsense directed at? Nobody's picking a fight with you, so run along with your petulant little digs. You two have gone back & forth on this issue to no end, so just agree to disagree. 

[Noteable]

itntdf - since you apparently aren't happy - then sell and go away. I won't engage with you any further. G'bye.

[Lesalpes29]

Even if you are a believer that hit in the ... GL

[Azzak34]

Noteable do you think this would have any effect on buyout price? 

[itntdf]

notable, the "sorry you're screwed provision" was related to the ability to terminate upon sale without cause. however, as i posted yesterday i AM concerned about the chinese stealing IP.  the AN/oncy agreement indicates oncy opened its kimona to AN:     17. CONFIDENTIALITY