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Oncolytics Biotech Inc (ONC)

Business description

Oncolytics Biotech is a Canadian company focused on developing Reolysin, a pharmaceutical formulation of the oncolytic reovirus, for the treatment of a wide variety of human cancers (Phase III trial in head and neck cancer).

Share price chart

Share chart

Stock data

Market cap.C$276m
Last closeC$3.61
High / Low (52 weeks)C$6.2 / C$3.4
Stock market listingTSX, NASDAQ
Forecast net cash (C$m)30.4
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & Healthcare

Price performance

%1m3m12m
Actual(2.43)(27.8)(39.43)
Relative *3.7(20.41)(28.38)

* % Relative to local index

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Y/E Dec Revenue (C$m) EBITDA (C$m) PBT (C$m) EPS (c) P/E (x) P/CF (x)
2010A 0.0 (20.0) (20.0) (29.5) N/A N/A
2011A 0.0 (28.7) (28.3) (39.9) N/A N/A
2012E 0.0 (40.9) (40.9) (52.4) N/A N/A
2013E 0.0 (34.9) (35.0) (44.8) N/A N/A

Last updated on 19/04/2012

Investment summary

Oncolytics Biotech’s investment case hinges on the outcome of Reolysin’s pivotal Phase III trial in squamous cell carcinoma of the head and neck (SCCHN) which recently completed its first stage recruitment (80 patients). Oncolytics has 12 ongoing clinical trials including Phase II trials in non-small cell lung, pancreatic, melanoma and ovarian cancers, and a Phase I trial in colorectal cancer. Interim data from the pivotal Phase III trial in SCCHN, expected in Q212, could be the trigger to attract a major pharmaceutical licensing partnership that would be required for pivotal studies in the major cancer indications.

Last updated on 23/04/2012

Industry outlook

Oncolytics’s current rivals are the companies developing oncology products in the same therapeutic areas, but there are some interesting viral oncolytic companies, including Jennerex, Genelux and Viralytics, suggesting a new era in cancer treatment. Oncolytics is one of the two leaders in the area, with Amgen the other after its acquisition of BioViex for up to US$1bn.

Last updated on 23/04/2012

Key management

Brad Thompson, Chairman & CEO
Doug Ball, CFO

Company address

210, 1167 Kensington Crescent
NW Calgary
AB T2N 1X7
Canada
+001 403 670 7377
View website



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