CALGARY, Alberta and SAN DIEGO, May 29, 2018 (GLOBE NEWSWIRE) -- Oncolytics Biotech® Inc. (TSX:ONC)
(OTCQX:ONCYD), currently developing REOLYSIN® (pelareorep), an intravenously delivered immuno-oncolytic virus turning
cold tumors hot, today announced that following its share consolidation, the Company’s new ticker symbol on the OTCQX is ONCYD.
About Oncolytics Biotech Inc.
Oncolytics is a biotechnology company developing REOLYSIN®, also known as pelareorep, an intravenously delivered
immuno-oncolytic virus. The compound induces selective tumor lysis and promotes an inflamed tumor phenotype -- turning "cold"
tumors "hot" -- through innate and adaptive immune responses to treat a variety of cancers. Oncolytics' clinical development
program emphasizes three pillars: chemotherapy combinations to trigger selective tumor lysis and immuno-therapy and immune
modulator (IMiD) combinations to produce innate and adaptive immune responses. Oncolytics is currently planning its first
registration study in metastatic breast cancer, as well as studies in combination with checkpoint inhibitors and targeted and IMiD
therapies in solid and hematological malignancies. For further information, please visit: www.oncolyticsbiotech.com.
This press release contains forward-looking statements, within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended and forward-looking information under applicable Canadian securities laws (such forward-looking
statements and forward-looking information are collectively referred to herein as “forward-looking statements”). Forward-looking
statements, including the Company's belief as to the potential and mode of action of REOLYSIN, also known as pelareorep, as a
cancer therapeutic; and other statements related to anticipated developments in the Company's business and technologies involve
known and unknown risks and uncertainties, which could cause the Company's actual results to differ materially from those in the
forward-looking statements. Such risks and uncertainties include, among others, the availability of funds and resources to pursue
research and development projects, the efficacy of pelareorep as a cancer treatment, the success and timely completion of clinical
studies and trials, the Company's ability to successfully commercialize pelareorep, uncertainties related to the research and
development of pharmaceuticals, uncertainties related to the regulatory process and general changes to the economic environment.
Investors should consult the Company's quarterly and annual filings with the Canadian and U.S. securities commissions for
additional information on risks and uncertainties relating to the forward-looking statements. Investors are cautioned against
placing undue reliance on forward-looking statements. The Company does not undertake to update these forward-looking statements,
except as required by applicable laws.
