Oncolix Inc. (fka ONCX)

[fuzzymcilwoods]

the point i'm making is that it appears oncolix has raised upwards of a million dollars or more since what was reported in october.

so in fact, the VC money does not have appeared to have dried up.
it looks to me like they're well on their way to getting funded for a phase II trial.



the real reason they're going public is likely that prolanta has blockbuster potential. it's shown great results in the lab on all kinds of cancers, but to get going they had to take the smaller, less expensive route with ovarian cancer. to get a breast cancer trail, they'd need hundreds of participants. for now it looks like the plan is to get into phase II as soon as they can and find a major biotech buy them out or to have them fund further progress of the ovarian trial and/or other trials.

oncolix is surely aiming for nasdaq to help facilitate these partnerships as much as anything else. the science drives the funding. if the money is coming in, you know the results are good. it appears to me that the money is still coming in.