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Oncolytics Biotech (Nasdaq: ONCY) posts early pelareorep RAS-combo data

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Oncolytics Biotech Inc. filed an 8-K after issuing a press release about early preclinical results for its immunotherapy pelareorep used with RAS inhibitor modalities in a solid tumor model. The combination showed greater anti-tumor activity than either approach alone, supporting further evaluation.

The company plans additional preclinical studies in pancreatic ductal adenocarcinoma and colorectal cancer models, including combinations with KRAS G12C and pan-RAS inhibitors and other next-generation RAS-pathway agents. Full results from these initial studies are expected to be presented in the fall or winter of 2026.

Positive

  • None.

Negative

  • None.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
8-K event date June 1, 2026 Date of press release and 8-K event
Full data timing Fall or winter 2026 Expected presentation of full preclinical dataset
Fast Track cancers Colorectal and pancreatic FDA Fast Track designation cancer types for pelareorep
pelareorep medical
"Pelareorep is an investigational, systemically active immunotherapy that promotes potentially protective immune responses"
KRAS G12C inhibitors medical
"includes evaluations of pelareorep in combination with KRAS G12C inhibitors, pan-RAS inhibitors"
KRAS G12C inhibitors are a class of targeted cancer drugs designed to block the activity of a specific mutated form of the KRAS gene (called G12C) that drives tumor growth in some cancers. Think of the mutant KRAS as a jammed accelerator pedal that keeps a cell dividing; these drugs act like a mechanic fixing or locking that pedal so growth slows. Investors watch them because they can reshape treatment options, affect drug sales, and trigger regulatory approvals or setbacks that influence company value.
tertiary lymphoid structures medical
"including the upregulation of key inflammatory cytokines resulting in the formation of tertiary lymphoid structures"
Clusters of immune cells that form in non-lymph node tissues, acting like pop-up immune hubs where white blood cells gather, communicate and organize a local defense. They matter to investors because their presence or absence can change how a disease progresses and how well immunotherapies work, so they can serve as biomarkers or influence the commercial prospects and regulatory outlook of drugs and diagnostics.
Fast Track designation regulatory
"pelareorep has received Fast Track designation from the FDA for colorectal and pancreatic cancer"
A "fast track designation" is a process that speeds up the review and approval of a product or project, allowing it to reach the market or be completed more quickly than usual. For investors, it can signal that a product may become available sooner, potentially leading to earlier revenue or benefits, and indicating a priority status that might influence company performance and market opportunities.
RAS-mutated tumor models medical
"RAS pathway-targeting agents in RAS-mutated tumor models"
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FALSE0001129928A000011299282026-01-082026-01-08

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________
FORM 8-K
___________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 1, 2026
___________________________________
Oncolytics Biotech Inc.
(Exact name of registrant as specified in its charter)
___________________________________

Nevada
(State or other jurisdiction of
incorporation)
001-38512
(Commission File Number)
98-0541667
(IRS Employer Identification No.)
4350 Executive Drive, Suite 325
San Diego, CA 92121
92121
(Address of principal executive offices)
(Zip Code)
(403) 670-7377
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
___________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common stock, par value $0.001 per share
ONCY
The Nasdaq Stock Market LLC



Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Exchange Act (§240.12b-2 of this chapter).
Emerging growth company    
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.




Item 8.01. Other Events.
On June 1, 2026, Oncolytics Biotech Inc. (the “Company”) issued a press release announcing initial preclinical data for pelareorep in combination with RAS inhibitor modalities and plans for additional studies evaluating pelareorep in combination with multiple RAS-targeted agents. The information set forth in this Item 8.01 and in Exhibit 99.1 is furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section.

Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.

Exhibit No.
Description
99.1
Press Release issued by Oncolytics Biotech Inc., dated as of June 1, 2026.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).








SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 1, 2026
ONCOLYTICS BIOTECH INC.
By:
/s/ Kirk Look
Name:
Kirk Look
Title:
Chief Financial Officer





Oncolytics Biotech® Announces Positive Initial Preclinical Findings Supporting Further Evaluation of Pelareorep in Combination with RAS-Targeted Approaches

Early results from solid tumor model support additional studies in pancreatic and colorectal cancer models; full dataset planned for presentation later in 2026

SAN DIEGO, CA, June 1, 2026 – Oncolytics Biotech® Inc. (Nasdaq: ONCY) (“Oncolytics” or the “Company”), a clinical-stage company developing pelareorep, today announced initial data from a preclinical study evaluating pelareorep in combination with RAS inhibitor modalities in a solid tumor model, which demonstrate evidence of greater anti-tumor activity in combination than with the individual approaches alone. Pelareorep is an investigational, systemically active immunotherapy that promotes potentially protective immune responses, including the upregulation of key inflammatory cytokines resulting in the formation of tertiary lymphoid structures and the expansion of tumor-infiltrating lymphocytes.

Based on these findings, the Company is planning additional studies in models of pancreatic ductal adenocarcinoma (“PDAC”) and colorectal cancer (“CRC”) designed to further evaluate the combinations’ effects on immune activation, tumor response durability, and time-to-resistance. The ongoing work includes evaluations of pelareorep in combination with KRAS G12C inhibitors, pan-RAS inhibitors, and additional next-generation RAS pathway-targeting agents in RAS-mutated tumor models.

“We believe these initial findings further support pelareorep’s potential to serve as an immune-priming backbone for next-generation targeted therapies,” said Jared Kelly, Chief Executive Officer of Oncolytics. “RAS-mutated tumors, particularly pancreatic and colorectal cancers, remain among the most difficult cancers to treat due to intrinsic immune resistance and the emergence of therapeutic resistance over time. These preclinical results support further study of the combinations’ anti-tumor and immune effects, including in models designed to assess durability and time-to-resistance.”

Mr. Kelly continued, “Importantly, we believe this strategy may ultimately represent a potentially important area for further investigation in pancreatic cancer, where nearly all tumors harbor RAS pathway alterations and where patients continue to face extremely limited treatment options. The potential synergy observed in previous PDAC clinical studies and preclinical RAS-targeted modalities reinforces our belief that pelareorep may play an important role in future combination strategies designed to improve the durability of targeted therapies.”

Full results from the initial preclinical studies are expected to be presented in the fall or winter of 2026.

About Oncolytics Biotech Inc.
Oncolytics is a clinical-stage biotechnology company developing pelareorep, an investigational intravenously delivered double-stranded RNA immunotherapeutic agent. Pelareorep has demonstrated encouraging 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 is designed to induce anti-cancer immune responses by converting immunologically “cold” tumors to “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 gastrointestinal cancers, where pelareorep has received Fast Track designation from the FDA for colorectal and pancreatic cancer. Oncolytics is actively pursuing strategic partnerships to accelerate



development and maximize commercial impact. For more about Oncolytics, please visit: www.oncolyticsbiotech.com or follow the Company on LinkedIn and on X @oncolytics.

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 beliefs as to the potential, registration, mechanism of action and benefits of pelareorep as a cancer therapeutic; the Company’s goals, strategies, and objectives; expectations around the design, milestones, anticipated timelines and expected outcomes for current and future studies, its belief in the clinical promise of pelareorep in anal, colorectal, pancreatic and other gastrointestinal cancers; the Company’s goals and expectations for its potential registrational development path for pelareorep in multiple gastrointestinal cancers; and plans for future disclosure of clinical trial results. 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
jpatton@oncolytics.ca


FAQ

What did Oncolytics Biotech (ONCY) announce in this 8-K filing?

Oncolytics Biotech announced initial preclinical data for its immunotherapy pelareorep combined with RAS inhibitor modalities. The combination showed greater anti-tumor activity than either treatment alone in a solid tumor model, leading the company to plan further preclinical combination studies.

How does pelareorep work according to Oncolytics Biotech (ONCY)?

Pelareorep is described as an intravenously delivered, double-stranded RNA immunotherapeutic agent. It is designed to convert immunologically “cold” tumors to “hot” by promoting innate and adaptive immune responses, including upregulating inflammatory cytokines and increasing tumor-infiltrating lymphocytes.

Which cancer types are targeted in Oncolytics Biotech’s new pelareorep studies?

The company plans additional preclinical studies in models of pancreatic ductal adenocarcinoma and colorectal cancer. These studies aim to assess immune activation, durability of tumor responses, and time-to-resistance when pelareorep is combined with multiple RAS-targeted agents.

When will full results from Oncolytics Biotech’s new preclinical pelareorep studies be available?

Oncolytics Biotech expects to present full results from the initial preclinical studies evaluating pelareorep with RAS-targeted approaches in the fall or winter of 2026. The 8-K notes that a full dataset presentation is planned later in 2026.

What prior clinical data for pelareorep does Oncolytics Biotech (ONCY) highlight?

The company notes encouraging results for pelareorep in multiple first-line pancreatic cancer studies, two randomized Phase 2 metastatic breast cancer studies, and early-phase anal and colorectal cancer trials. These data support continued development in metastatic gastrointestinal cancers.

Does pelareorep have any special regulatory status for gastrointestinal cancers?

Yes. Oncolytics Biotech states that pelareorep has received Fast Track designation from the FDA for colorectal and pancreatic cancer. Fast Track is intended to facilitate development and expedite review of drugs targeting serious conditions with unmet medical need.

Filing Exhibits & Attachments

4 documents