Bullboard - Stock Discussion Forum Oncolytics Biotech Inc T.ONC

Alternate Symbol(s): ONCY

Healthcare Biotechnology

Oncolytics Biotech Inc. is a 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... see more

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Oncolytics Biotech Inc > UK life sciences industry in steep decline

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Post by Noteable on Jan 24, 2023 6:18pm

UK life sciences industry in steep decline

" Since 2010, the UK has fallen from 4th to 98th place in overall trade balance in pharmaceuticals, due to fierce global competition.."

https://pharmaphorum.com/news/call-to-arms-as-uk-falls-back-in-medicines-manufacturing/

https://www.thetimes.co.uk/article/pharma-gap-threat-to-life-sciences-plan-tvpvd8rrr

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Comment by Noteable on Jan 24, 2023 6:23pm

According to the Financial Times of London - January 23, 2023 - " The pharmaceutical giants AbbVie and Eli Lilly have pulled out of the UK’s pricing agreement with the NHS. Bayer’s pharmaceutical arm is reducing its UK footprint and cutting jobs. Our own domestic titans, GSK and AZ, have chosen to build new factories in countries more friendly to business." https://www.ft.com/content ...more

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