Oncolytics Biotech Inc. · NASDAQ:ONCY

Oncolytics Biotech — Investor Presentation (October 2025)

21 slides from Oncolytics Biotech's investor presentation, October 2025

  1. Slide 1: Pelareorep: a transformative dsRNA immunotherapy platform for gastrointestinal tumors

    Oncolytics Biotech PELAREOREP a transformative dsRNA immunotherapy platform for gastrointestinal tumors October 2025

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements Oncolytics Biotech Confidential This presentation is strictly confidential. Neither the Securities and Exchange Commission nor any state or foreign securities commission or regulatory authority has passed upon the adequacy or accuracy of this presentation. Any representati

  3. Slide 3: Mission

    MISSION We will leverage our proprietary product candidate, pelareorep (pela), an investigational first-in-class double-stranded RNA immunotherapeutic agent, to establish a platform immunotherapy for the treatment of gastrointestinal (GI) tumors. We believe GI tumors are the largest unmet medical ne

  4. Slide 4: Pelareorep Proposed Mechanism of Action

    PELAREOREP PROPOSED MECHANISM OF ACTION Oncolytics Biotech Pelareorep Treatment Cold Tumor Hot Tumor Tumor Under Attack Intravenous pela evades neutralization by Pela selectively infects and replicates in Pela infection kills some tumor cells by cell The pela-initiated inflammatory response results

  5. Slide 5: Pelareorep Observed to Replicate in Almost All Evaluated Tumors

    PELAREOREP HAS BEEN OBSERVED TO REPLICATE IN Oncolytics Biotech ALMOST ALL EVALUATED TUMORS Pela RNA is found in tumor but not stromal cells Pela is found in almost all on-treatment tumor biopsies Indication treated with IV Pela # of biopsied tumors # Pela-positive biopsies Pancreatic ductal 12 12 a

  6. Slide 6: Broad Clinical Experience and Well-Understood Safety Results

    BROAD CLINICAL EXPERIENCE AND WELL-UNDERSTOOD Oncolytics Biotech SAFETY RESULTS Pela has been >20 Oncolytics-sponsored studies Multiple cancer indications >1,200 patients treated, evaluated in and several externally sponsored (breast, pancreatic, colorectal, including >300 patients studies (NCI, CCT

  7. Slide 7: Market Opportunity Within Pelareorep's Targeted Indications

    MARKET OPPORTUNITY WITHIN PELAREOREP’S TARGETED INDICATIONS Oncolytics Biotech Gastrointestinal cancer is the fastest growing cancer in the world in people under 50 years old • ~ 500,000 patients globally1 1L Metastatic Pancreatic • ~ $3 billion total addressable market with 15% CAGR to 20322 Ductal

  8. Slide 8: Pelareorep Clinical Development

    PELAREOREP CLINICAL DEVELOPMENT

  9. Slide 9: Clinical POC Across Targeted Indications Guides Strategic Sequencing

    CLINICAL POC ACROSS TARGETED INDICATIONS GUIDES Oncolytics Biotech STRATEGIC SEQUENCING Targeted indication SOC benchmark* Pela Data Delta 2L mCRC (KRAS mutant) OS: 11.2 mo, PFS: 5.7 mo1 OS: 27 mo, PFS: 16.6 mo8 ~ 2-3x ≥2L SCAC ORR: 11-24%2-5 ORR: 30% ~ 1.5-3x 1L mPDAC 2-year OS rate: ~ 9%6, 7 2-yea

  10. Slide 10: Clinical Development Pipeline

    CLINICAL DEVELOPMENT PIPELINE Oncolytics Biotech Near-term rare disease opportunity in SCAC and long-term platform expansion in CRC and PDAC Program Collaborator Combination Phase 1 Phase 2 Registration-Enabling Phase 3 Anticipated Milestone 1L PDAC pela + GnP Expect to seek partnership Pivotal Stud

  11. Slide 11: Pancreatic Cancer Program

    PANCREATIC CANCER PROGRAM *Received FDA Fast Track & Orphan Drug Designations

  12. Slide 12: Consistent Survival Benefit Observed in Multiple 1L mPDAC Studies

    CONSISTENT SURVIVAL BENEFIT OBSERVED Oncolytics Biotech IN MULTIPLE 1L MPDAC STUDIES Clinical results of pelareorep in first-line mPDAC studies Company (Study) Description (Patients) 1-Year Survival 2-Year Survival Notes DCR: 83% vs. 33% Oncolytics Pelareorep + Gemcitabine (REO 017) 45% vs. 22% 24%

  13. Slide 13: 2-Year Survival Rates in 1L Metastatic PDAC: Comparison to Landmark Studies

    2-YEAR SURVIVAL RATES IN 1L METASTATIC PDAC: Oncolytics Biotech COMPARISON TO LANDMARK STUDIES 2-year Study 2-year Survival Rate survival 0% 10% 20% 30% Pela-based 21.9% REO 017: Pela + G therapy Pela-based 24.0% Comparator NCI 8601: Pela + CP therapy 20.0% Weighted mean = 21.9% treatment 9.2% arms

  14. Slide 14: Colorectal Cancer Program

    COLORECTAL CANCER PROGRAM ~ AeeR. ¥

  15. Slide 15: Efficacy Results for Pelareorep in Colorectal Cancer Across Multiple Studies

    EFFICACY RESULTS FOR PELAREOREP IN COLORECTAL CANCER Oncolytics Biotech DEMONSTRATED ACROSS MULTIPLE STUDIES REO 022 study in 2L KRAS mutant mCRC results more than double historical third-party benchmarks1, 2: • PFS: 16.6 months vs 5.7 months (pelareorep + FOLFIRI + bevacizumab vs. FOLFIRI + bevaciz

  16. Slide 16: Anal Cancer Program

    ANAL CANCER PROGRAM

  17. Slide 17: Pela + Atezo in ≥2L SCAC

    PELA + ATEZO IN ≥2L SCAC Oncolytics Biotech Strong efficacy signal with immunotherapy combination without chemo in difficult cancer 160% PD 140% 128% PD 120% 100% PD • 30% ORR in 20 evaluable patients Tumor Response % Change From Baseline 100% 79% PD 80% 60% PD PD PD • Awaiting feedback on 4 additio

  18. Slide 18: Regulatory, Intellectual Property and Manufacturing

    REGULATORY, INTELLECTUAL PROPERTY AND MANUFACTURING

  19. Slide 19: Regulatory Strategy Based on Extensive Clinical Data

    REGULATORY STRATEGY BASED ON EXTENSIVE CLINICAL DATA Oncolytics Biotech Trial Activities Indication Design Regulatory Strategy (estimated) • Proof of concept solidly established in three GI tumors 1L PDAC Randomized; 2H 2025 • Focus on most efficient regulatory path in high unmet Partnered medical n

  20. Slide 20: IP Profile and Manufacturing Characteristics

    IP PROFILE AND MANUFACTURING CHARACTERISTICS Oncolytics Biotech Intellectual Property Manufacturing • 147 patents issued worldwide • Non-genetically modified Reovirus • New patents expected to extend manufacturing • No special handling requirements and method of use protection into 2044 • High yield

  21. Slide 21: Innovative Leadership Team with Strong Immuno-Oncology Expertise

    INNOVATIVE LEADERSHIP TEAM WITH STRONG IMMUNO-ONCOLOGY, Oncolytics Biotech BUSINESS DEVELOPMENT, CLINICAL TRIAL AND FINANCE EXPERTISE Transactional expert Over 20 years of finance Nearly 30 years of drug having led more than 50 and accounting expertise development experience deals, including $2 bill

Oncolytics Biotech — Investor Presentation (October 2025) on 6ix