Oncolytics Biotech gains third orphan status for Reolysin
Canada’s Oncolytics Biotech (TSX:ONC0) revealed today that the US Food and Drug Administration has granted Orphan Drug designation for its lead product candidate, Reolysin (pelareorep), a proprietary formulation of human reovirus, for the treatment of primary peritoneal cancers.
Shares of Oncolytics leapt 13.1% to $1.21 in pre-market trading, having already rocketed nearly 47% the previous day.
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