Oncology Pharma Meeting Towards Future Developments
Oncology Pharma Inc. (OTC PINK:ONPH) held a meeting with its Board of Directors and Scientific Advisory Board, discussing advancements in their Co-Development plan aimed at expediting pharmaceutical drug commercialization. They highlighted the Connect2Med trials and the development of a dactinomycin nanoemulsion for pediatric cancer treatments, which shows promising initial results. The company is in early feasibility studies and anticipates further developments. However, risks related to financing, operational cash flows, and market acceptance were noted.
- Advancements in Co-Development plan for expedited drug commercialization.
- Focus on dactinomycin nanoemulsion for pediatric cancers, showing promising initial results.
- Engagement in early feasibility studies for targeted formulations.
- Current negative operating cash flows necessitate additional funding.
- Potentially dilutive terms in future financings may impact shareholder value.
- Market acceptance of new technologies remains uncertain.
SAN FRANCISCO, CA / ACCESSWIRE / December 17, 2021 / Oncology Pharma Inc. (OTC PINK:ONPH) Oncology Pharma, Inc. ("The Company") conducted a meeting with the Board of Directors, executives, and Scientific Advisory Board members along with legal counsel, which shared updates on progress made towards the development of the Company's licensed products. This marked progress towards pursuing its primary goal of the Co-Development plan to bring new pharmaceutical drug formulations to market with a focused approach that aims to reduce overall costs and minimize time and duration to commercialization.
During the meeting, the Boards were advised and discussed advantages of pursuing specific technologies, such as the Connect2Med trials program with Ribeira Solutions along with pediatric and orphan drug designations and possible strategies to pursue for a Company of its size. Amongst that focus is the nanoemulsion of dactinomycin. The Company and its partners are currently undertaking the creation and testing of targeted formulations to include in the studies that will be submitted to in depth trials.
Oncology Pharma has developed the framework and is conducting early feasibility and initial non-clinical studies; and is in the process of creating data that focuses on using its dactinomycin nanoemulsion drug product, intended for the treatment of pediatric cancers. Dactinomycin has been shown to be effective in destroying cancer cells. Utilizing the Nanoemulsion for the targeted delivery system is expected to allow a safe dose of the drug to be delivered over time, so it may be safely administered. The Company anticipates as data is created that there will be more developments and opportunities to pursue. With early indications confirming initial assumptions, the work so far has been encouraging and proceeding on schedule.
ABOUT ONCOLOGY PHARMA, INC.
ONCOLOGY PHARMA, INC. (OTCPK:ONPH) (the "Company") is currently engaging in research and development of therapeutics for oncology and prides itself for having a world-class Advisory Board that keeps the Company in the forefront of developing technologies in cancer research, biotechnology, and healthcare.
FORWARD LOOKING STATEMENTS
Certain of the matters discussed in this announcement contain forward-looking statements that involve material risks to and uncertainties in the Company's business that may cause actual results to differ materially from those anticipated by the statements made herein. Such risks and uncertainties include risks related to licensing arrangements and joint ventures, including the need to negotiate the definitive agreements for the relationships; possible failure to realize anticipated benefits of business relationships; and, costs of providing funding to these business relationships. Other risks and uncertainties relating to the Company include, among other things, current negative operating cash flows and a need for additional funding to finance our operating plan; the terms of any further financing, which may be highly dilutive and may include onerous terms; unexpected costs and operating deficits, and lower than expected sales and revenues; uncertain willingness and ability of customers to adopt new technologies and other factors that may affect further market acceptance; adverse economic conditions; adverse results of any legal proceedings; the volatility of our operating results and financial condition; inability to attract or retain qualified senior management personnel, including sales and marketing personnel; our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the Company's ability to implement its long range business plan for various applications of its technology; the Company's ability to enter into agreements with any necessary marketing and/or distribution partners and with any strategic or joint venture partners; the impact of competition; the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company's technology; management of growth; and, other risks and uncertainties. This is not a solicitation to buy or sell securities and does not purport to be an analysis of the Company's financial position.
CONTACTS:
For additional Information, please contact the Oncology Pharma at:
One Sansome Street, Suite 3500
San Francisco, CA 94104
Phone: 415-869-1038
Fax: 415-946-8801
website: www.oncology-pharma.com
email: info@oncology-pharma.com
SOURCE: Oncology Pharma Inc.
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