# Oncolytics Biotech

Oncolytics Biotech is an Asset Manager based in Calgary, Canada.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Calgary, Canada
- **Region:** North America
- **Address:** Calgary, Alberta, Canada
- **Founded:** 1998
- **Assets under management:** Undisclosed
- **Website:** oncolyticsbiotech.com
- **LinkedIn:** https://www.linkedin.com/company/oncolytics-biotech-inc.

## Regulatory record

- **Reports private funds:** No

## About

Oncolytics Biotech was co-founded in 1998, emerging from University of Calgary research into the oncolytic properties of the reovirus. President and CEO Matthew Coffey has led the company since its inception, while Dr. Matt Coffey also serves as the Chief Scientific Officer, anchoring the scientific continuity of the firm. The core thesis rests on pelareorep, a systemically administered reovirus that selectively replicates in cancer cells with an activated Ras pathway, turning a common cold virus into a potential immune-based cancer therapy. The company operates a pure-play clinical development model. Its asset allocation is concentrated entirely in its single biologic agent, pelareorep, which is being studied across multiple oncology indications. The platform targets metastatic breast cancer, pancreatic cancer, and hematological malignancies, often in combination with checkpoint inhibitors. Oncolytics secures clinical supply agreements and conducts trials through networks like the NCI's Clinical Trials Evaluation Program and the Global Coalition for Adaptive Research, which manages the adaptive Phase 2 BRACELET-1 study in metastatic breast cancer (per the firm's official communications, 2023). Its geographic activities span North America, with the headquarters in Calgary and a U.S. regulatory presence in San Diego, alongside European trials. Oncolytics Biotech operates as a publicly traded company on the Toronto Stock Exchange and the Nasdaq, with a lean corporate structure typical of a clinical-stage biotechnology firm. The team size is small, relying heavily on contract research organizations and investigator-led studies to execute its trial designs. In June 2023, the company presented positive overall survival results from a randomized Phase 2 study in HR+/HER2- metastatic breast cancer at the American Society of Clinical Oncology annual meeting (per the firm, June 2023). The philanthropic and adjacent-vehicle structure is standard for a public biotech, with no dedicated foundation, though the management's long tenure provides unusual organizational stability. Structurally, the firm is differentiated by its extreme scientific concentration. Unlike diversified oncology platforms, Oncolytics' entire valuation turns on the success of pelareorep in a few key randomized trials. Its hybrid capital model — sustained by public-market equity raises — means it operates more like a permanent capital research vehicle than a typical development-stage biotech, with a 25-year history of pursuing a single fundamental insight without repurposing its core asset.

## Sectors

- Digital Health
- Healthcare Services

## Offices

- San Diego, California, United States

## People

- Wayne Pisano — Chair, Board of Directors
- Matthew Coffey — President and Chief Executive Officer

## Related profiles

- [NeoVolta](https://altss.com/profile/neovolta-inc)
- [Research Alliance Corp III](https://altss.com/profile/research-alliance-corp-iii)

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Last updated: 2026-06-03T20:00:00.000Z

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