{"id":810669,"date":"2025-02-07T21:27:35","date_gmt":"2025-02-08T02:27:35","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/oncolytics-biotech-announces-matt-coffey-ph-d-will-not-return-to-ceo-role-following-medical-leave-of-absence\/"},"modified":"2025-02-07T21:27:35","modified_gmt":"2025-02-08T02:27:35","slug":"oncolytics-biotech-announces-matt-coffey-ph-d-will-not-return-to-ceo-role-following-medical-leave-of-absence","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/oncolytics-biotech-announces-matt-coffey-ph-d-will-not-return-to-ceo-role-following-medical-leave-of-absence\/","title":{"rendered":"Oncolytics Biotech\u00ae Announces Matt Coffey, Ph.D. Will Not Return to CEO Role Following Medical Leave of Absence"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p class=\"prntac\">\n        <i>Search for Chief Executive Officer to commence immediately<\/i>\n      <\/p>\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">SAN DIEGO<\/span><br \/>\n        <\/span><br \/>\n        <span class=\"legendSpanClass\">\u00a0and\u00a0<\/span><br \/>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">CALGARY, AB<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Feb. 7, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Oncolytics Biotech<sup>\u00ae<\/sup>\u00a0Inc. (NASDAQ: ONCY) (TSX: ONC), a leading clinical-stage company specializing in immunotherapy for oncology, today announced that <span class=\"xn-person\">Matt Coffey<\/span>, Ph.D., President and Chief Executive Officer, will not return following a medical leave of absence and ongoing health concerns. After much thought and consideration, Dr. Coffey reached a decision that in the best interest of his family and Oncolytics Biotech Inc., he would officially step down as CEO and Director of the company.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2408622\/Oncolytics_Biotech_Inc_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2408622\/Oncolytics_Biotech_Inc_Logo.jpg\" title=\"Oncolytics Biotech\u00ae Inc. Logo (PRNewsfoto\/Oncolytics Biotech\u00ae Inc.)\" alt=\"Oncolytics Biotech\u00ae Inc. Logo (PRNewsfoto\/Oncolytics Biotech\u00ae Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>&#8220;While we are saddened by his departure, we fully understand, respect, and support his decision. For the past 25 years, Matt has been invaluable to the organization and has led the development of pelareorep from pre-clinical through successful Phase 2 studies for metastatic breast cancer and pancreatic cancer. First as a co-founder and most recently as CEO, he has left an indelible fingerprint on the company and its employees. On behalf of the Board of Directors and all the dedicated employees of Oncolytics, we wish Matt good health and success, both now and in the future,&#8221; said <span class=\"xn-person\">Wayne Pisano<\/span>, Chair of Oncolytics&#8217; Board of Directors and Interim CEO. &#8220;We will now initiate a search for a Chief Executive Officer to lead the team as we work to bring Matt&#8217;s vision of developing and making available a novel therapeutic agent (pelareorep) that addresses unmet needs in people undergoing cancer treatment.&#8221; <span class=\"xn-person\">Wayne Pisano<\/span> will remain Interim CEO until the new CEO is hired.<\/p>\n<p>\n        <b>About Oncolytics Biotech Inc.<\/b>\n      <\/p>\n<p>Oncolytics is a clinical-stage biotechnology company developing pelareorep, an intravenously delivered immunotherapeutic agent. Pelareorep has demonstrated promising results in two randomized Phase 2 studies in metastatic breast cancer and Phase 1 and 2 studies in pancreatic cancer. It acts by inducing anti-cancer immune responses and promotes an inflamed tumor phenotype &#8212; turning &#8220;cold&#8221; tumors &#8220;hot&#8221; &#8212; through innate and adaptive immune responses to treat a variety of cancers.<\/p>\n<p>Pelareorep has demonstrated synergies with multiple approved oncology treatments. Oncolytics is currently conducting and planning combination clinical trials with pelareorep in solid malignancies as it advances towards registrational studies in metastatic breast cancer and pancreatic cancer, both of which have received Fast Track designation from the FDA. For further information, please visit:\u00a0<a href=\"http:\/\/www.oncolyticsbiotech.com\/\" target=\"_blank\" rel=\"nofollow\">www.oncolyticsbiotech.com<\/a>\u00a0or follow the company on social media on <a href=\"https:\/\/www.linkedin.com\/company\/oncolytics-biotech-inc.\/\" target=\"_blank\" rel=\"nofollow\">LinkedIn<\/a>\u00a0and on X @<a href=\"https:\/\/x.com\/oncolytics\" target=\"_blank\" rel=\"nofollow\">oncolytics<\/a>.<\/p>\n<p>\n        <b>Company Contact <\/b>\n      <\/p>\n<p>\n        <span class=\"xn-person\">Jon Patton<\/span><br \/>\n        <br \/>Director of IR &amp; Communication<br \/><a href=\"mailto:jpatton@oncolytics.ca\" target=\"_blank\" rel=\"nofollow\">jpatton@oncolytics.ca<\/a><\/p>\n<p>\n        <b>Investor Relations for Oncolytics<\/b>\n      <\/p>\n<p>\n        <span class=\"xn-person\">Timothy McCarthy<\/span><br \/>\n        <br \/>LifeSci Advisors<br \/>+1-917-679-9282<br \/><a href=\"mailto:tim@lifesciadvisors.com\" target=\"_blank\" rel=\"nofollow\">tim@lifesciadvisors.com<\/a><\/p>\n<p>\n        <b>Media Contact for Oncolytics<\/b>\n      <\/p>\n<p>\n        <span class=\"xn-person\">Michael Rubenstein<\/span><br \/>\n        <br \/>LifeSci Communications<br \/><a href=\"mailto:mrubenstein@lifescicomms.com\" target=\"_blank\" rel=\"nofollow\">mrubenstein@lifescicomms.com<\/a><\/p>\n<p>Logo &#8211; <a href=\"https:\/\/mma.prnewswire.com\/media\/2408622\/5157869\/Oncolytics_Biotech_Inc_Logo.jpg\" target=\"_blank\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/2408622\/5157869\/Oncolytics_Biotech_Inc_Logo.jpg<\/a><\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN14957&amp;sd=2025-02-07\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/oncolytics-biotech-announces-matt-coffey-phd-will-not-return-to-ceo-role-following-medical-leave-of-absence-302371699.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/oncolytics-biotech-announces-matt-coffey-phd-will-not-return-to-ceo-role-following-medical-leave-of-absence-302371699.html<\/a><\/p>\n<p>SOURCE  Oncolytics Biotech\u00ae Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LN14957&amp;Transmission_Id=202502072124PR_NEWS_USPR_____LN14957&amp;DateId=20250207\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire Search for Chief Executive Officer to commence immediately SAN DIEGO \u00a0and\u00a0 CALGARY, AB , Feb. 7, 2025 \/PRNewswire\/ &#8212; Oncolytics Biotech\u00ae\u00a0Inc. (NASDAQ: ONCY) (TSX: ONC), a leading clinical-stage company specializing in immunotherapy for oncology, today announced that Matt Coffey, Ph.D., President and Chief Executive Officer, will not return following a medical leave of absence and ongoing health concerns. After much thought and consideration, Dr. Coffey reached a decision that in the best interest of his family and Oncolytics Biotech Inc., he would officially step down as CEO and Director of the company. &#8220;While we are saddened by his departure, we fully understand, respect, and support his decision. For the past 25 years, Matt has been invaluable to the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/oncolytics-biotech-announces-matt-coffey-ph-d-will-not-return-to-ceo-role-following-medical-leave-of-absence\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Oncolytics Biotech\u00ae Announces Matt Coffey, Ph.D. Will Not Return to CEO Role Following Medical Leave of Absence&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-810669","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Oncolytics Biotech\u00ae Announces Matt Coffey, Ph.D. Will Not Return to CEO Role Following Medical Leave of Absence - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/oncolytics-biotech-announces-matt-coffey-ph-d-will-not-return-to-ceo-role-following-medical-leave-of-absence\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oncolytics Biotech\u00ae Announces Matt Coffey, Ph.D. Will Not Return to CEO Role Following Medical Leave of Absence - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire Search for Chief Executive Officer to commence immediately SAN DIEGO \u00a0and\u00a0 CALGARY, AB , Feb. 7, 2025 \/PRNewswire\/ &#8212; Oncolytics Biotech\u00ae\u00a0Inc. (NASDAQ: ONCY) (TSX: ONC), a leading clinical-stage company specializing in immunotherapy for oncology, today announced that Matt Coffey, Ph.D., President and Chief Executive Officer, will not return following a medical leave of absence and ongoing health concerns. After much thought and consideration, Dr. Coffey reached a decision that in the best interest of his family and Oncolytics Biotech Inc., he would officially step down as CEO and Director of the company. &#8220;While we are saddened by his departure, we fully understand, respect, and support his decision. For the past 25 years, Matt has been invaluable to the &hellip; Continue reading &quot;Oncolytics Biotech\u00ae Announces Matt Coffey, Ph.D. Will Not Return to CEO Role Following Medical Leave of Absence&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/oncolytics-biotech-announces-matt-coffey-ph-d-will-not-return-to-ceo-role-following-medical-leave-of-absence\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-08T02:27:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/2408622\/Oncolytics_Biotech_Inc_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/oncolytics-biotech-announces-matt-coffey-ph-d-will-not-return-to-ceo-role-following-medical-leave-of-absence\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/oncolytics-biotech-announces-matt-coffey-ph-d-will-not-return-to-ceo-role-following-medical-leave-of-absence\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Oncolytics Biotech\u00ae Announces Matt Coffey, Ph.D. Will Not Return to CEO Role Following Medical Leave of Absence\",\"datePublished\":\"2025-02-08T02:27:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/oncolytics-biotech-announces-matt-coffey-ph-d-will-not-return-to-ceo-role-following-medical-leave-of-absence\\\/\"},\"wordCount\":473,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/oncolytics-biotech-announces-matt-coffey-ph-d-will-not-return-to-ceo-role-following-medical-leave-of-absence\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/2408622\\\/Oncolytics_Biotech_Inc_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/oncolytics-biotech-announces-matt-coffey-ph-d-will-not-return-to-ceo-role-following-medical-leave-of-absence\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/oncolytics-biotech-announces-matt-coffey-ph-d-will-not-return-to-ceo-role-following-medical-leave-of-absence\\\/\",\"name\":\"Oncolytics Biotech\u00ae Announces Matt Coffey, Ph.D. Will Not Return to CEO Role Following Medical Leave of Absence - 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(NASDAQ: ONCY) (TSX: ONC), a leading clinical-stage company specializing in immunotherapy for oncology, today announced that Matt Coffey, Ph.D., President and Chief Executive Officer, will not return following a medical leave of absence and ongoing health concerns. After much thought and consideration, Dr. Coffey reached a decision that in the best interest of his family and Oncolytics Biotech Inc., he would officially step down as CEO and Director of the company. &#8220;While we are saddened by his departure, we fully understand, respect, and support his decision. For the past 25 years, Matt has been invaluable to the &hellip; Continue reading \"Oncolytics Biotech\u00ae Announces Matt Coffey, Ph.D. Will Not Return to CEO Role Following Medical Leave of Absence\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/oncolytics-biotech-announces-matt-coffey-ph-d-will-not-return-to-ceo-role-following-medical-leave-of-absence\/","og_site_name":"Market Newsdesk","article_published_time":"2025-02-08T02:27:35+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/2408622\/Oncolytics_Biotech_Inc_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/oncolytics-biotech-announces-matt-coffey-ph-d-will-not-return-to-ceo-role-following-medical-leave-of-absence\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/oncolytics-biotech-announces-matt-coffey-ph-d-will-not-return-to-ceo-role-following-medical-leave-of-absence\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Oncolytics Biotech\u00ae Announces Matt Coffey, Ph.D. Will Not Return to CEO Role Following Medical Leave of Absence","datePublished":"2025-02-08T02:27:35+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/oncolytics-biotech-announces-matt-coffey-ph-d-will-not-return-to-ceo-role-following-medical-leave-of-absence\/"},"wordCount":473,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/oncolytics-biotech-announces-matt-coffey-ph-d-will-not-return-to-ceo-role-following-medical-leave-of-absence\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/2408622\/Oncolytics_Biotech_Inc_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/oncolytics-biotech-announces-matt-coffey-ph-d-will-not-return-to-ceo-role-following-medical-leave-of-absence\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/oncolytics-biotech-announces-matt-coffey-ph-d-will-not-return-to-ceo-role-following-medical-leave-of-absence\/","name":"Oncolytics Biotech\u00ae Announces Matt Coffey, Ph.D. Will Not Return to CEO Role Following Medical Leave of Absence - 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