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BUZZ-Oncolytics Biotech jumps after pancreatic cancer therapy gets regulatory nod

ReutersJan 15, 2025 1:05 PM

U.S.-listed shares of Oncolytics Biotech ONC.TO, ONCY.O rise 35.8% to $1.10 premarket

ONCY says its pancreatic cancer therapy, pelareorep, has received regulatory approval to continue patient enrollment

ONCY is evaluating pelareorep in combination with chemotherapy regimen Folfirinox and immunotherapy atezolizumab

ONCY says it will move forward with full enrollment of 30 newly diagnosed pancreatic ductal adenocarcinoma (PDAC) patients in the first stage

All 5 brokerages covering the stock rate it "buy"

ONCY fell ~31% in 2024

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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