The $900 Billion Question: Who Will Deliver the Next Cancer Breakthrough?

USA News Group News Commentary
Issued on behalf of Oncolytics Biotech Inc.

VANCOUVER, BC, June 26, 2025 /CNW/ -- USA News Group News Commentary – With analysts forecasting the global oncology drug market to surpass US$900 billion by 2034, investor interest in cancer-focused biotechs is rapidly intensifying. ResearchAndMarkets and Vision Research Reports both point to strong double-digit growth, citing surging demand for next-gen diagnostics and immunotherapies. Yet even as market potential grows, the U.S. public health sector is facing potential setbacks. Budget proposals suggest National Cancer Institute (NCI) funding could be slashed by up to 40%, while Bloomberg highlights concerns around drug affordability and access. These headwinds are forcing a shift in expectations — placing the burden of innovation on the private sector, where companies like Oncolytics Biotech Inc. (NASDAQ:ONCY) (TSX:ONC.TO), Teva Pharmaceutical Industries Ltd. (NYSE:TEVA), Citius Oncology, Inc. (NASDAQ:CTOR), ADC Therapeutics SA (NYSE:ADCT), and OS Therapies Incorporated (NYSE-American:OSTX).