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Oncolytics Biotech® Highlights Strong Efficacy and Translational Data in Metastatic Colorectal Cancer; Will Advance Regulatory Pathway Discussions

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Oncolytics Biotech (NASDAQ: ONCY) reported significant clinical and translational data from three metastatic colorectal cancer (mCRC) studies for its immunotherapy drug pelareorep. In the REO 022 trial, pelareorep combined with FOLFIRI and bevacizumab showed remarkable results in KRAS mutant patients, achieving 16.6 months median progression-free survival (versus 5.7 months standard) and 27.0 months median overall survival (versus 11.2 months standard).

The GOBLET study's 3L mCRC Cohort 3, combining pelareorep with atezolizumab and TAS-102, met its efficacy endpoint with improved survival rates. Translational data from REO 022 and REO 013 studies confirmed pelareorep's mechanism of action, demonstrating viral replication and immune activation in tumors. The company plans to advance regulatory discussions and develop an investigator-sponsored trial for KRAS mutant mCRC patients.

Oncolytics Biotech (NASDAQ: ONCY) ha riportato dati clinici e traslazionali significativi provenienti da tre studi sul carcinoma colorettale metastatico (mCRC) per il suo immunoterapico pelareorep. Nel trial REO 022, pelareorep in combinazione con FOLFIRI e bevacizumab ha mostrato risultati notevoli nei pazienti con mutazione KRAS, raggiungendo una mediana di sopravvivenza libera da progressione di 16,6 mesi (contro 5,7 mesi dello standard) e una mediana di sopravvivenza globale di 27,0 mesi (contro 11,2 mesi dello standard).

Il braccio 3 del terzo linea (3L) dello studio GOBLET, che combinava pelareorep con atezolizumab e TAS-102, ha soddisfatto l'endpoint di efficacia mostrando tassi di sopravvivenza migliorati. I dati traslazionali dei trial REO 022 e REO 013 hanno confermato il meccanismo d'azione di pelareorep, evidenziando la replicazione virale e l'attivazione del sistema immunitario nei tumori. L'azienda intende avviare discussioni regolatorie e sviluppare uno studio sponsorizzato da investigatori per pazienti con mCRC e mutazione KRAS.

Oncolytics Biotech (NASDAQ: ONCY) informó datos clínicos y traslacionales significativos de tres estudios en cáncer colorrectal metastásico (mCRC) sobre su inmunoterápico pelareorep. En el ensayo REO 022, pelareorep combinado con FOLFIRI y bevacizumab mostró resultados destacados en pacientes con mutación KRAS, alcanzando una supervivencia libre de progresión mediana de 16,6 meses (frente a 5,7 meses estándar) y una supervivencia global mediana de 27,0 meses (frente a 11,2 meses estándar).

La cohorte 3 de 3L mCRC del estudio GOBLET, que combinó pelareorep con atezolizumab y TAS-102, cumplió su objetivo de eficacia con tasas de supervivencia mejoradas. Los datos traslacionales de REO 022 y REO 013 confirmaron el mecanismo de acción de pelareorep, demostrando replicación viral y activación inmune en los tumores. La compañía planea avanzar en las discusiones regulatorias y desarrollar un ensayo patrocinado por investigadores para pacientes con mCRC y mutación KRAS.

Oncolytics Biotech (NASDAQ: ONCY)� 면역치료� 펠라리옵� 대� 전이� 대장암(mCRC) 3� 연구에서 중요� 임상 � 전임�(트랜슬레이쇼�) 데이터를 보고했습니다. REO 022 임상에서 펠라리옵� FOLFIRI � 베바시주맙과 병용� 결과, KRAS 돌연변� 환자에서 주목� 만한 효과� 보였으며 무진� 생존 중앙� 16.6개월� 기록(표준 5.7개월 대�)하고 전체 생존 중앙� 27.0개월(표준 11.2개월 대�)� 달성했습니다.

GOBLET 연구� 3� 라인(3L) mCRC 코호� 3에서� 펠라리옵� 아테졸리주맙 � TAS-102와 병용� 유효� 목표� 충족하고 생존율이 개선되었습니�. REO 022와 REO 013� 전임� 데이터는 종양 � 바이러스 복제 � 면역 활성화를 입증하며 펠라리옵� 작용기전� 확인했습니다. 회사� 규제 논의� 진행하고 KRAS 돌연변� mCRC 환자� 위한 연구� 주도 임상시험� 개발� 계획입니�.

Oncolytics Biotech (NASDAQ: ONCY) a publié des données cliniques et translationnelles significatives issues de trois études sur le cancer colorectal métastatique (mCRC) concernant son immunothérapeutique pelareorep. Dans l'essai REO 022, pelareorep associé au FOLFIRI et au bevacizumab a montré des résultats remarquables chez les patients porteurs d'une mutation KRAS, avec une survie sans progression médiane de 16,6 mois (contre 5,7 mois pour le standard) et une survie globale médiane de 27,0 mois (contre 11,2 mois pour le standard).

La cohorte 3 en 3e ligne (3L) de l'étude GOBLET, combinant pelareorep avec atezolizumab et TAS-102, a atteint son critère d'efficacité avec des taux de survie améliorés. Les données translationnelles des études REO 022 et REO 013 ont confirmé le mécanisme d'action de pelareorep, démontrant une réplication virale et une activation immunitaire au sein des tumeurs. La société prévoit d'avancer dans les échanges réglementaires et de développer un essai initié par des investigateurs pour les patients mCRC porteurs d'une mutation KRAS.

Oncolytics Biotech (NASDAQ: ONCY) meldete bedeutende klinische und translationsbezogene Daten aus drei Studien zum metastasierten kolorektalen Krebs (mCRC) für sein Immuntherapeutikum Pelareorep. Im REO 022-Studie zeigte Pelareorep in Kombination mit FOLFIRI und Bevacizumab bei KRAS-mutierten Patienten bemerkenswerte Ergebnisse und erreichte eine medianes progressionsfreies Überleben von 16,6 Monaten (gegenüber 5,7 Monaten Standard) und ein medianes Gesamtüberleben von 27,0 Monaten (gegenüber 11,2 Monaten Standard).

Die 3.-Linien-Kohorte 3 der GOBLET-Studie, die Pelareorep mit Atezolizumab und TAS-102 kombinierte, erfüllte ihren Wirksamkeitsendpunkt mit verbesserten Überlebenswerten. Translationsdaten aus REO 022 und REO 013 bestätigten den Wirkmechanismus von Pelareorep und zeigten virale Replikation sowie Immunaktivierung in Tumoren. Das Unternehmen plant, regulatorische Gespräche voranzutreiben und eine von Forschern initiierte Studie für KRAS-mutierte mCRC-Patienten zu entwickeln.

Positive
  • Pelareorep showed 2.5x longer progression-free survival (16.6 vs 5.7 months) compared to standard treatment
  • Overall survival more than doubled (27.0 vs 11.2 months) in KRAS mutant patients
  • GOBLET study met predefined efficacy endpoint with improved survival rates
  • Confirmed mechanism of action through viral replication and immune activation in tumors
Negative
  • None.

Insights

Pelareorep shows remarkable 2.5x survival benefit in KRAS-mutant colorectal cancer with strong mechanistic validation, positioning for regulatory advancement.

The clinical data for pelareorep in metastatic colorectal cancer (mCRC) represents a potentially significant advancement in treating KRAS-mutant patients—a notoriously difficult-to-treat subgroup. The REO 022 trial showed pelareorep combined with FOLFIRI and bevacizumab achieved median PFS of 16.6 months versus 5.7 months with standard care, and median OS of 27.0 months versus 11.2 months—approximately 2.5 times longer survival than current standard therapy.

What's particularly compelling is the translational data confirming pelareorep's mechanism of action in colorectal tumors. The virus demonstrably replicates within tumors and triggers immune activation, including dendritic cell maturation and CD8+ T cell recruitment. This immune conversion is critical because it transforms traditionally "cold" tumors into "hot" ones susceptible to immune attack, potentially explaining the dramatic survival improvements.

The GOBLET study results in third-line mCRC further validate pelareorep's efficacy, with the combination meeting predefined endpoints and achieving better disease control than historical benchmarks. The consistency across multiple trials strengthens the scientific case for pelareorep as a potential platform immunotherapy for GI cancers.

For context, KRAS mutations occur in approximately 40% of colorectal cancers and have historically predicted poor response to targeted therapies. The magnitude of benefit seen here—if confirmed in larger studies—would represent one of the most significant advances in KRAS-mutant colorectal cancer treatment in years, addressing a major unmet medical need.

In KRAS mutant 2L mCRC, pelareorep delivers prolonged survival benefit with a median PFS and median OS approximately 2.5x the current standard of care

Translational data from multiple studies confirm pelareorep replication in CRC tumors and immune activation

Company to define regulatory pathway and advance potential IST in KRAS mutant CRC patient population

SAN DIEGO, Sept. 8, 2025 /PRNewswire/ --Oncolytics Biotech®Inc. (NASDAQ: ONCY) ("Oncolytics" or the "Company"), a clinical-stage immunotherapy company developing pelareorep, today highlighted clinical and translational data from three metastatic colorectal cancer ("mCRC") studies demonstrating consistent efficacy signals, immune activation, and survival outcomes that exceed historical benchmarks in multiple mCRC treatment settings.

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In the REO 022 trial, pelareorep in combination with FOLFIRI and bevacizumab achieved the following results in platinum refractory 2L mCRC KRAS mutant patients:

  • Median progression-free survival ("PFS"): 16.6 months vs. 5.7 months with standard 2L regimen1
  • Median overall survival ("OS"): 27.0 months vs. 11.2 months with standard 2L regimen1

In the GOBLET study's 3L mCRC Cohort 3, pelareorep combined with atezolizumab and TAS-102 met its predefined efficacy endpoint. The regimen achieved durable disease control and survival rates greater than historical benchmarks for 3L mCRC treated with TAS-102.

In the REO 022 trial and the REO 013 translational study, viral replication and immune activation were demonstrated in tumors from mCRC patients, including dendritic cell maturation and CD8+ T cell activation. These findings confirm pelareorep's mechanism of action, including its ability to modify mCRC tumors to be immune responsive and amenable to checkpoint inhibition.

"These studies validate pelareorep's mechanism of action and present a clear opportunity to accelerate the pursuit of a registration-enabled study in the underserved KRAS mutant subset of mCRC patients," said Jared Kelly, CEO of Oncolytics. "Given pelareorep's activity in this difficult-to-treat cancer and other RAS-mutated gastrointestinal ("GI") tumors, including metastatic pancreatic and anal cancers, we believe pelareorep is positioned to become the premier platform immunotherapy in the GI space."

"The efficacy data for pelareorep in the hard-to-treat KRAS mutant population of mCRC are very encouraging," said Dr. Sanjay Goel, professor and attending physician at Rutgers University. "We plan to initiate an investigator-sponsored trial to further explore pelareorep's promising potential in KRAS mutant mCRC, building on the robust immune activation demonstrated in REO 013 and the survival benefit seen in REO 022."

In addition to establishing an executable investigator-sponsored trial, the company plans to work with leading investigators and engage with regulators to define a clear path to registration in mCRC, including the design of a confirmatory study, leveraging the data in the KRAS mutant patient setting.

References:

1. Bennouna J. Lancet Oncol (14):29-37, 2013

About Oncolytics Biotech Inc.

Oncolytics is a clinical-stage biotechnology company developing pelareorep, an intravenously delivered double-stranded RNA immunotherapeutic agent. Pelareorep has demonstrated promising results in multiple first-line pancreatic cancer studies, two randomized Phase 2 studies in metastatic breast cancer, and early-phase studies in anal and colorectal cancer. It induces anti-cancer immune responses by converting immunologically "cold" tumors "hot" through the activation of innate and adaptive immune responses.

The Company is advancing pelareorep in combination with chemotherapy and/or checkpoint inhibitors in metastatic pancreatic and breast cancers, both of which have received Fast Track designation from the FDA, and other gastrointestinal tumors. Oncolytics is actively pursuing strategic partnerships to accelerate development and maximize commercial impact. For more about Oncolytics, please visit:or follow the Company on social media on and on X @.

Forward-looking statements

This press release contains forward-looking statements, within the meaning of Section 21E of the U.S. Securities Exchange Act of 1934, as amended and forward-looking information under applicable Canadian securities laws (such forward-looking statements and forward-looking information are collectively referred to herein as "forward-looking statements"). Forward-looking statements contained in this press release include statements regarding Oncolytics' belief as to the potential, mechanism of action and benefits of pelareorep as a cancer therapeutic; its plan to continue actively pursuing strategic partnerships; its goals, strategies and objectives; its expectations regarding the efficacy and results of pelareorep in future studies; and its belief in the clinical promise of pelareorep in metastatic colorectal and other gastrointestinal cancers. In any forward-looking statement in which Oncolytics expresses an expectation or belief as to future results, such expectations or beliefs are expressed in good faith and are believed to have a reasonable basis, but there can be no assurance that the statement or expectation or belief will be achieved. These statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from those anticipated. These risks include, but are not limited to, regulatory outcomes, trial execution, financial resources, access to capital markets, and market dynamics. Please refer to Oncolytics' public filings with securities regulators in the United States and Canada for more information. The Company assumes no obligation to update forward-looking statements, except as required by law.

Company Contact

Jon Patton
Director of IR & Communication
[email protected]

Investor Relations for Oncolytics

Mike Moyer
LifeSci Advisors
+1-617-308-4306
[email protected]

Media Contact for Oncolytics

Owen Blaschak
LifeSci Communications
[email protected]

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FAQ

What were the key results of Oncolytics Biotech's (ONCY) pelareorep in colorectal cancer trials?

In the REO 022 trial, pelareorep achieved 16.6 months median PFS and 27.0 months median OS in KRAS mutant patients, approximately 2.5 times better than standard treatment.

How does pelareorep work in treating metastatic colorectal cancer?

Pelareorep works by replicating in colorectal cancer tumors and activating immune responses, including dendritic cell maturation and CD8+ T cell activation, making tumors more responsive to checkpoint inhibition.

What are ONCY's next steps for pelareorep in colorectal cancer treatment?

Oncolytics plans to initiate an investigator-sponsored trial and engage with regulators to define a registration pathway for pelareorep in KRAS mutant mCRC patients.

What was the outcome of the GOBLET study for ONCY's pelareorep?

The GOBLET study's 3L mCRC Cohort 3, combining pelareorep with atezolizumab and TAS-102, met its predefined efficacy endpoint with durable disease control and survival rates exceeding historical benchmarks.

Which patient population showed the most promising results for ONCY's pelareorep?

Pelareorep showed the most promising results in KRAS mutant metastatic colorectal cancer patients, particularly in the second-line treatment setting.
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