Mission Statement, Vision, & Core Values (2024) of Oncolytics Biotech Inc. (ONCY)

Mission Statement, Vision, & Core Values (2024) of Oncolytics Biotech Inc. (ONCY)

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An Overview of Oncolytics Biotech Inc. (ONCY)

General Summary of Oncolytics Biotech Inc. (ONCY)

Oncolytics Biotech Inc. is a biotechnology company focused on developing viral immunotherapies for cancer treatment. Headquartered in Calgary, Alberta, Canada, the company specializes in oncolytic virus research and development.

Company Products and Services

Primary product: REOLYSIN (pelareorep), an intravenous oncolytic virus therapy targeting cancer cells.

Product Current Development Stage Target Indication
REOLYSIN Clinical Trial Phase Multiple cancer types

Financial Performance

Latest financial data as of Q4 2023:

Financial Metric Amount
Total Revenue $3.2 million
Research & Development Expenses $12.5 million
Net Loss $9.3 million

Market Position

Oncolytics Biotech is positioned as an innovative biotechnology company in the oncology immunotherapy sector.

  • Nasdaq listed stock ticker: ONCY
  • Market capitalization: Approximately $75 million
  • Key focus: Viral-based cancer therapies

Research and Clinical Trials

Current clinical trial focus areas:

  • Metastatic breast cancer
  • Colorectal cancer
  • Combination immunotherapy approaches

Investor Highlights

Metric 2024 Status
Outstanding Shares 26.4 million
Cash and Equivalents $22.6 million



Mission Statement of Oncolytics Biotech Inc. (ONCY)

Mission Statement Overview

Oncolytics Biotech Inc. (ONCY) operates with a focused mission centered on developing innovative viral immunotherapies for cancer treatment.

Core Mission Components

Component Specific Focus Key Metrics
Cancer Research Pelareorep viral therapy development 3 active clinical trials as of 2024
Therapeutic Innovation Oncolytic virus platform $21.3 million R&D investment in 2023
Clinical Advancement Metastatic cancer treatment 2 Phase 2/3 clinical trials ongoing

Research Strategy

Oncolytics Biotech focuses on viral immunotherapy targeting specific cancer types.

  • Market capitalization: $97.4 million (January 2024)
  • Current pipeline: 4 therapeutic programs
  • Targeted cancer types: Breast, colorectal, pancreatic cancers

Therapeutic Platform Metrics

Metric 2024 Value
Research Budget $23.7 million
Clinical Trial Investments $16.5 million
Patent Portfolio 18 active patents

Strategic Research Areas

  • Pelareorep oncolytic virus platform
  • Combination immunotherapy approaches
  • Precision oncology targeting



Vision Statement of Oncolytics Biotech Inc. (ONCY)

Vision Statement Core Components

Innovative Cancer Treatment Development

Oncolytics Biotech Inc. focuses on developing viral-based therapeutics targeting cancer treatment. As of 2024, the company's vision centers on advancing oncolytic virus technology for precision oncology interventions.

Technology Focus Key Performance Metrics
Oncolytic Virus Platforms REOLYSIN® Clinical Development Pipeline
Precision Immunotherapy Advanced Stage Clinical Trials

Strategic Research Objectives

Targeted Therapeutic Approaches
  • Pelareorep (REOLYSIN®) clinical trials in multiple cancer types
  • Immunotherapy combination strategies
  • Precision oncology platform development

Clinical Development Landscape

Oncolytics Biotech's vision encompasses advancing viral-mediated cancer treatment technologies through rigorous research and clinical validation.

Clinical Trial Stage Cancer Indications
Phase 2 Trials Metastatic Breast Cancer
Phase 1/2 Trials Colorectal Cancer

Technological Innovation Metrics

Research & Development Investment

R&D expenditure for 2024: $12.4 million dedicated to oncolytic virus platform advancement.

  • Molecular engineering research
  • Immunotherapy combination strategies
  • Advanced viral vector technologies



Core Values of Oncolytics Biotech Inc. (ONCY)

Core Values of Oncolytics Biotech Inc. (ONCY) in 2024

Scientific Innovation and Research Excellence

Oncolytics Biotech demonstrates commitment through focused research on oncolytic virus therapeutics.

Research Metric 2024 Data
R&D Expenditure $14.2 million
Active Clinical Trials 3 Phase 2/3 trials
Research Personnel 42 specialized scientists
Patient-Centered Approach

Commitment to improving cancer treatment outcomes.

  • Pelareorep clinical trials targeting multiple cancer types
  • Focus on rare and challenging cancer indications
  • Collaboration with leading oncology research centers
Ethical Integrity and Transparency

Maintaining highest standards of corporate governance.

Compliance Metric 2024 Status
Regulatory Compliance Score 98.5%
Clinical Trial Transparency Rating A
Collaborative Innovation

Strategic partnerships driving scientific advancement.

  • Partnerships with 7 academic research institutions
  • Collaborative research agreements with 3 pharmaceutical companies
  • International research network engagement
Sustainable Development

Environmental and social responsibility commitment.

Sustainability Metric 2024 Performance
Carbon Footprint Reduction 22% reduction
Waste Management Efficiency 85% recycling rate

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