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Bullboard - Stock Discussion Forum 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... see more

TSX:ONC - Post Discussion

Oncolytics Biotech Inc > Pfizer to acquire Global Blood Therapeutics for US$5 Billion
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Post by Noteable on Aug 05, 2022 11:55am

Pfizer to acquire Global Blood Therapeutics for US$5 Billion

Comment by Noteable on Aug 05, 2022 12:13pm
GBT could be valued at $4.5 billion to $5.5 billion in a takeover, William Blair analyst Raju Prasad said in a note. GBT is primarily focused on the sickle cell disease market which has begun to  experience increased competition. The company, which also has operations in Switzerland, France, Germany and the UK, had a net loss of $303 million on revenue of $195 million last year.   ...more  
Comment by Noteable on Aug 08, 2022 1:49pm
Aug. 08, 2022  -- Pfizer Inc. (NYSE: PFE) and Global Blood Therapeutics, Inc. (GBT) (NASDAQ: GBT) today announced the companies have entered into a definitive agreement under which Pfizer will acquire GBT, a biopharmaceutical company dedicated to the discovery, development and delivery of life-changing treatments that provide hope to underserved patient communities ...more  
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