Record $2.5B Sector Start Spotlights Clinical Oncology Plays

Baystreet
2026.01.30 14:46
portai
I'm PortAI, I can summarize articles.

The global oncology market is projected to reach $668.26 billion by 2034, driven by innovative therapies like CAR T cell therapy, which is expected to grow at 31% annually. Oncolytics Biotech Inc. is enhancing its leadership team to advance its cancer treatment, pelareorep, through late-stage trials. Recent hires include John McAdory and Yujun Wu, who bring extensive oncology trial experience. The company has shown promising results in colorectal and anal cancers, significantly outperforming traditional treatments. Additionally, Amgen has acquired Dark Blue Therapeutics to bolster its oncology research.