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Oncolytics Biotech (ONCY) Loses -9.34% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
ZACKS· 2025-03-05 15:36
Core Viewpoint - Oncolytics Biotech Inc. (ONCY) has experienced significant selling pressure, resulting in a 9.3% decline over the past four weeks, but analysts anticipate improved earnings ahead as the stock enters oversold territory [1] Group 1: Technical Analysis - The Relative Strength Index (RSI) is utilized to determine if a stock is oversold, with a reading below 30 typically indicating this condition [2] - ONCY's current RSI reading is 27.83, suggesting that the heavy selling may be exhausting itself and a trend reversal could be imminent [5] Group 2: Fundamental Analysis - Over the last 30 days, the consensus EPS estimate for ONCY has increased by 2.2%, indicating a positive shift in earnings expectations among analysts [6] - ONCY holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a near-term turnaround [7]
Oncology Breakthroughs: How Cancer Research Is Advancing in 2025
Prnewswire· 2025-02-27 15:04
Core Insights - The global cancer therapy market is projected to grow at a CAGR of 9.12%, reaching an estimated value of $285.96 billion by 2030 [2] - Oncolytics Biotech Inc. is advancing its innovative immunotherapy, pelareorep, which aims to convert "cold" tumors into "hot" tumors, enhancing treatment efficacy [3][4] - Recent data from Oncolytics' GOBLET study shows promising results in treating relapsed anal cancer and pancreatic cancer, with significant response rates compared to historical controls [5][6][7] Company Developments - Oncolytics Biotech has received regulatory approval to advance pelareorep in combination with mFOLFIRINOX for newly diagnosed pancreatic adenocarcinoma patients [4] - In the GOBLET study, pelareorep demonstrated a 62% objective response rate when combined with other therapies, significantly higher than the historical average of 25% [7][8] - The company is preparing for potential pivotal studies as evidence continues to support pelareorep as a transformative treatment option for patients [9] Industry Trends - There is a growing concern among experts regarding the rising rates of lung and colorectal cancers, particularly among younger populations and never-smokers [1] - The EU is reportedly lagging behind the USA in oncology innovation, highlighting a potential area for growth and investment in the sector [1] - The Center for Innovation and Translation of Point of Care Technologies for Equitable Cancer Care (CITEC) has launched initiatives to improve cancer detection technologies globally [2]
Investors Eye Biotech Sector as Cancer Therapy Market Surges
Prnewswire· 2025-02-19 15:06
Core Insights - The article discusses the advancements in cancer treatment and detection technologies, highlighting the significant progress made by Oncolytics Biotech Inc. and other biotech companies in 2025 amid rising global cancer rates [1][2][3] Company Developments - Oncolytics Biotech Inc. has made key regulatory and clinical advancements in 2025, particularly with its immunotherapy drug pelareorep, which has received safety and regulatory clearance to advance enrollment in its pancreatic cancer study [3][4] - The company presented new efficacy and safety data for pelareorep at the 2025 ASCO Gastrointestinal Cancers Symposium, showing strong responses in anal cancer and confirming a favorable safety profile in pancreatic cancer [5][6] - Oncolytics is set to advance its pancreatic cancer trial (GOBLET Cohort 5) with 30 patients participating, evaluating pelareorep in combination with modified FOLFIRINOX, with or without atezolizumab [4][5] Industry Trends - The global cancer therapy market is projected to reach approximately $285.96 billion by 2030, with a compound annual growth rate (CAGR) of 9.12%, indicating significant market expansion for advanced oncology solutions [2] - The collaboration between GRAIL, Inc. and Quest Diagnostics aims to improve access to early cancer detection through GRAIL's Galleri test, enhancing provider access via Quest's connectivity system [10][11] - Renovaro Inc. has entered into a binding LOI to acquire Predictive Oncology Inc., which will enhance its capabilities in cancer diagnostics and therapeutics, leveraging Predictive's extensive biobank and AI-driven drug discovery platform [12][13][14]
Oncolytics Biotech® Advances Key Pancreatic and Anal Cancer Trials, Strengthening Pipeline in 2025
Prnewswire· 2025-02-19 12:00
Core Insights - Oncolytics Biotech Inc. is making significant progress in 2025 with its immunotherapy pelareorep, particularly in pancreatic cancer and other hard-to-treat cancers [1][2][4] - The company has received regulatory clearance to advance its pancreatic cancer study and presented new efficacy and safety data at the 2025 ASCO Gastrointestinal Cancers Symposium [1][2][4] Regulatory Developments - The German Regulatory Agency has approved the continuation of the pancreatic cancer study, allowing full enrollment after a positive safety review [3][6] - The study involves 30 patients in Stage 1, evaluating pelareorep in combination with modified FOLFIRINOX and atezolizumab [6][9] Clinical Data and Efficacy - New clinical results presented at ASCO GI 2025 demonstrate pelareorep's potential in pancreatic and anal cancers, indicating strong safety and efficacy signals [4][6] - Patients receiving pelareorep with atezolizumab show stronger responses than expected based on previous studies with checkpoint inhibitors alone [6] Future Milestones - Oncolytics is entering a pivotal year with multiple upcoming milestones, including additional data readouts and interactions with regulatory agencies [5][7] - The company is preparing for registrational studies in metastatic breast cancer and pancreatic cancer, both of which have received Fast Track designation from the FDA [12]
Oncolytics Biotech® Strengthens Its Pipeline in 2025 with Key Pancreatic and Anal Cancer Advances in Addition to Metastatic Breast Cancer
Prnewswire· 2025-02-18 21:06
Core Insights - Oncolytics Biotech Inc. is making significant progress in 2025 with advancements in regulatory and clinical areas, particularly for its immunotherapy pelareorep in hard-to-treat cancers [1][2][4] - Recent clinical data presentations at the ASCO Gastrointestinal Cancers Symposium have highlighted pelareorep's strong safety and efficacy signals in pancreatic and anal cancers [1][4][5] Regulatory Developments - The German Regulatory Agency has approved the continuation of the pancreatic cancer study, allowing full enrollment after a positive safety review [3][5] - Oncolytics has received positive feedback from regulators, facilitating the advancement of its pancreatic cancer study toward full enrollment [2][5] Clinical Data and Efficacy - At ASCO GI 2025, new clinical results were presented, confirming pelareorep's potential in pancreatic and anal cancers, which may lead to larger registration-enabling clinical trials [4][5] - Pelareorep has shown a favorable safety profile and strong efficacy signals when combined with modified FOLFIRINOX and atezolizumab in pancreatic cancer [5][8] Future Outlook - Oncolytics is entering a pivotal year with multiple upcoming milestones, including additional data readouts and interactions with regulatory agencies that could accelerate future trials [5][6] - The company is focused on advancing its clinical program in gastrointestinal cancers and moving toward registration-enabling studies in breast cancer [7][10]
Oncolytics Biotech® Announces Receipt of Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency
Prnewswire· 2025-02-14 22:15
Core Points - Oncolytics Biotech Inc. received a delinquency notification from Nasdaq due to its ordinary shares closing below $1.00 for 30 consecutive business days [1][2] - The company has until August 12, 2025, to regain compliance with the minimum bid price requirement [1][2] - If the bid price reaches or exceeds $1.00 for at least 10 consecutive business days before the deadline, Nasdaq will confirm compliance [2] Company Overview - Oncolytics Biotech Inc. is a clinical-stage biotechnology company focused on developing pelareorep, an immunotherapeutic agent delivered intravenously [4] - Pelareorep has shown promising results in clinical studies for metastatic breast cancer and pancreatic cancer, inducing anti-cancer immune responses [4][5] - The company is conducting combination clinical trials with pelareorep and has received Fast Track designation from the FDA for its studies in metastatic breast cancer and pancreatic cancer [5]
Oncolytics Biotech® Announces Matt Coffey, Ph.D. Will Not Return to CEO Role Following Medical Leave of Absence
Prnewswire· 2025-02-08 02:24
Company Overview - Oncolytics Biotech Inc. is a clinical-stage biotechnology company focused on developing pelareorep, an intravenously delivered immunotherapeutic agent that has shown promising results in treating metastatic breast cancer and pancreatic cancer [3][4] - Pelareorep works by inducing anti-cancer immune responses and transforming "cold" tumors into "hot" tumors, enhancing the effectiveness of cancer treatments [3] Leadership Change - Matt Coffey, Ph.D., the President and CEO, will not return after a medical leave of absence and has officially stepped down due to ongoing health concerns [1][2] - Wayne Pisano, Chair of the Board of Directors, will serve as Interim CEO while the company initiates a search for a new CEO [2] Clinical Development - Pelareorep has demonstrated synergies with multiple approved oncology treatments and is currently involved in combination clinical trials for solid malignancies [4] - The company is advancing towards registrational studies for pelareorep in metastatic breast cancer and pancreatic cancer, both of which have received Fast Track designation from the FDA [4]
Oncolytics Biotech (ONCY) Upgraded to Buy: What Does It Mean for the Stock?
ZACKS· 2025-02-05 18:00
Oncolytics Biotech Inc. (ONCY) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individu ...
Oncology's Best Minds Set to Meet at Upcoming 2025 ASCO Gastrointestinal Cancers Symposium
Prnewswire· 2025-01-22 14:00
Core Insights - The 2025 ASCO Gastrointestinal Cancers Symposium is set to highlight the alarming rise in cancer rates among individuals under 50, particularly gastrointestinal cancers, with colorectal and pancreatic cancers being significant concerns [1][2] - Oncolytics Biotech Inc. is presenting data on pelareorep, an innovative immunotherapy that aims to convert "cold" tumors into "hot" tumors, enhancing treatment response [3][4] Company Developments - In a study involving relapsed anal cancer, pelareorep achieved a 33% response rate, with one patient showing a complete response lasting over 15 months, significantly outperforming typical treatment response rates of 10-24% [4][5] - Pelareorep has shown strong potential in pancreatic cancer, with new safety data indicating its compatibility with modified FOLFIRINOX chemotherapy, expanding treatment options for metastatic pancreatic cancer [5][6] - The GOBLET study demonstrated a 62% objective response rate for pelareorep combined with other therapies, more than double the historical average of 25%, leading to its FDA Fast Track designation in 2022 [6][7] Industry Trends - The Global Pancreatic Cancer Treatment Market is projected to grow at a 7.6% CAGR, while the global stomach cancer treatment market is expected to reach $17.6 billion by 2034, growing at a 12.54% CAGR [2] - Other companies presenting at the ASCO GI symposium include Agenus Inc., which will showcase its immunotherapy treatments for colorectal cancer, and ALX Oncology, which is advancing therapies to enhance immune response against cancer [10][11][12]
Oncolytics Biotech® to Present Compelling New Efficacy and Safety Data in Anal and Pancreatic Cancers at 2025 ASCO GI Symposium
Prnewswire· 2025-01-22 12:00
Core Insights - Oncolytics Biotech's pelareorep shows significant improvement in combination therapy for anal cancer patients compared to checkpoint inhibitors alone [1][2] - The therapy also demonstrates a strong safety profile when combined with a new chemotherapy regimen in pancreatic cancer patients [1][2] Summary by Category Efficacy in Anal Cancer - Pelareorep combined with atezolizumab continues to outperform historical control trials in relapsed anal cancer, with a complete response lasting beyond 12 months [2][4] - In a cohort of 12 evaluable patients, 4 achieved a partial response, resulting in an objective response rate of 33%, which is notably higher than the historical response rates of 10-24% for checkpoint inhibitors alone [4] Safety Profile - No safety concerns have been reported with the pelareorep and atezolizumab combination therapy, indicating a manageable safety profile [4] - Tumor-infiltrating lymphocyte (TIL) clonal expansion was observed in responding patients, suggesting a positive immune response [4] Pancreatic Cancer Developments - Pelareorep has shown promising efficacy signals when combined with gemcitabine, nab-paclitaxel, and atezolizumab in metastatic pancreatic ductal adenocarcinoma (PDAC) [7] - A new cohort in the GOBLET study is evaluating pelareorep with modified FOLFIRINOX, with safety data reviewed positively by regulatory bodies, allowing for continued patient enrollment [7][5] GOBLET Study Overview - The GOBLET study is a phase 1/2 trial exploring treatment combinations with pelareorep in advanced or metastatic gastrointestinal tumors, with co-primary endpoints focusing on objective response rate and safety [10] - The study is being conducted at 17 centers in Germany, with the potential for cohorts meeting efficacy criteria to advance to further stages [11]