The following is a summary of the Oncolytics Biotech, Inc. (ONCY) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Oncolytics Biotech reported a cash position of $29.6 million at the end of Q1 2024, down from $34.9 million at the end of 2023.

• The company reported a net loss of $6.9 million for the first quarter of 2024, a slight increase from a net loss of $6.4 million in the first quarter of 2023.

• Research and development expenses for Q1 2024 amounted to $5.7 million, primarily because of increased manufacturing expenses and preparations for upcoming product fills.

Business Progress:

• Oncolytics focused on advancing its proprietary immunotherapeutic product candidate, pelareorep.

• Enrollment in the anal cancer cohort of the GOBLET study has been extended, potentially leading to a new registrational indication.

• The company received regulatory approval to move forward with the pela and modified FOLFIRINOX combination study.

• Overall survival data from the BRACELET-1 breast cancer study is expected in H2 2024.

• Oncolytics plans to initiate registration-enabling studies in breast and pancreatic cancer.

More details: Oncolytics Biotech IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.