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Oncothyreon Inc
Oncothyreon Inc. is a clinical-stage biopharmaceutical company that focuses on the discovery and development of novel therapeutics for the treatment of cancer. The company's lead product candidate is Stingray, a fusion protein that targets the HER2 receptor and is in Phase 1b/2 clinical trials for the treatment of patients with HER2-positive cancers. Oncothyreon's stock is listed on the NASDAQ stock exchange under the ticker symbol ONTY.
Oncothyreon was founded in 1995 and is based in Seattle, Washington. The company has a history of collaboration and partnerships with other biopharmaceutical companies, such as Merck KGaA and Pfizer.
As a public company, Oncothyreon files regular financial reports with the Securities and Exchange Commission (SEC), including quarterly and annual reports on Forms 10-Q and 10-K. These reports can provide detailed information about the company's financial performance, including revenue, net income, and cash flow. They also include information about the company's R&D expenses, pipeline, and business strategies.
It is important to note that the stock prices of biotech companies like Oncothyreon can be highly volatile, and are often influenced by the results of clinical trials, regulatory decisions, and other news related to the company and its products. As such, it is important for investors to carefully consider the risks and uncertainties associated with investing in this type of stock.
Oncothyreon has faced some financial difficulties in recent years, having reported net losses in the last few years and having a low cash reserve, which could impact its ability to fund its operations and advance its pipeline.
In August 2020, Oncothyreon announced that it has entered into a merger agreement with Cascadian Therapeutics, a clinical-stage biopharmaceutical company, in an all-stock transaction. Upon completion of the merger, the combined company will focus on the development of Cascadian's lead product candidate, tucatinib, a tyrosine kinase inhibitor, for the treatment of HER2-positive metastatic breast cancer. As a result of this merger, Oncothyreon will cease to exist as an independent, publicly traded company.