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Oncolytics gains FDA alignment on pivotal path for pelareorep in colorectal cancer

Oncolytics gains FDA alignment on pivotal path for pelareorep in colorectal cancer

Oncolytics Biotech (Nasdaq: ONCY) has received written feedback from the FDA aligning on a potential pivotal expansion of REO 033, its ongoing randomized study of pelareorep in second-line RAS-mutant, microsatellite stable (MSS) metastatic colorectal cancer — a population with few targeted treatment options and that generally does not benefit from checkpoint inhibitors because of its MSS status.

The San Diego-based company submitted a Type D meeting request asking the FDA whether the existing Part A design of REO 033 could support expansion into a pivotal Part B, and whether Part B could support accelerated approval based on objective response rate (ORR) and duration of response, with progression-free survival (PFS) as the basis for full approval. The FDA's written responses, Oncolytics said, provided alignment on both questions. The agency also suggested an End-of-Phase meeting to finalize key elements of the registration program; Oncolytics elected to forego the scheduled Type D meeting and will pursue that path as the program advances.

Pelareorep is an intravenously delivered oncolytic reovirus that selectively replicates in tumor cells while activating innate and adaptive immune responses, including upregulation of inflammatory cytokines, formation of tertiary lymphoid structures, and expansion of tumor-infiltrating lymphocytes — a mechanism designed to convert immunologically cold MSS tumors into immune-responsive ones.

The REO 033 Part A is a randomized controlled study enrolling 60 patients, comparing pelareorep plus FOLFIRI and Roche's Avastin (bevacizumab) against FOLFIRI and bevacizumab alone. The study was designed from the outset to allow expansion into a pivotal Part B. Oncolytics said it plans to begin Part B start-up activities as soon as positive interim Part A data are available, minimizing the gap between the two stages.

The clinical rationale for the program rests on data from REO 022, a prior study in KRAS-mutant, oxaliplatin-refractory MSS colorectal cancer, which reported a 33% ORR and median DOR of 19.5 months, against a historical ORR benchmark of approximately 6–11% for bevacizumab plus FOLFIRI. PFS reached 16.6 months and OS 27.0 months, also exceeding historical benchmarks cited by the company. Translational analyses showed pelareorep enhanced KRAS-mutant-specific T-cell activity. Pelareorep holds FDA Fast Track designation in this indication.

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The regulatory push follows Oncolytics' broader effort to move pelareorep's gastrointestinal cancer programs toward registration. In November 2025, the company aligned with the FDA on a pivotal Phase III design for pelareorep in first-line metastatic pancreatic ductal adenocarcinoma. In February 2026, it narrowed its strategic focus to registration-enabling studies in colorectal and anal cancers, winding down the broader GOBLET gastrointestinal platform trial.

RAS-mutant MSS colorectal cancer — encompassing KRAS G12D, G12V, G13D, and NRAS mutations — accounts for the large majority of RAS-mutant disease. The only approved targeted therapies in the RAS-mutant mCRC space address the KRAS G12C sub-subtype, which represents approximately 3–4% of all cases. Bristol Myers Squibb's Krazati (adagrasib) in combination with Eli Lilly's Erbitux (cetuximab) received FDA accelerated approval for KRAS G12C-mutated colorectal cancer in June 2024, and Amgen's Lumakras (sotorasib) in combination with Amgen's Vectibix (panitumumab) received full approval in January 2025 for the same subtype. Pelareorep's mechanism is not mutation-specific, positioning it to address the far larger population for whom no targeted option exists.


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