Insights

Why is the OncoSil Medical (ASX:OSL) share price surging 18% today?

The medical device company has some exciting study results…
The post Why is the OncoSil Medical (ASX:OSL) share price surging 18% today? appeared first on The Motley Fool Australia. –

The OncoSil Medical Ltd (ASX: OSL) share price is soaring higher on Friday after the company announced the publication of the PanCO clinical study’s final results.

The study confirmed the company’s OncoSil device can be safely and successfully used alongside chemotherapy to treat unresectable locally advanced pancreatic cancer.

At the time of writing, the OncoSil share price is 4.6 cents, 17.95% higher than its previous close.

Let’s take a closer look at today’s news from the medical device company.

OncoSil share price leaps higher on study results

The OncoSil share price is surging on the results of the PanCO clinical study, conducted in Australia, Belgium, and the United Kingdom.

The company’s OncoSil device delivers beta radiation to cancerous tissue.

The study found it controlled advanced pancreatic cancer at the 16-week point in 90.5% of patients. On top of that, 31% of the study’s participants achieved a disease control rate of 100%.

Finally, despite the recruited patients having had their cancers defined as unresectable (unable to be removed completely through surgery) by pancreatic cancer experts, 23.8% had surgery with the intent to cure their cancer after being treated with chemotherapy plus OncoSil.

The company also notes more patients found their cancer was resectable following the study but chose not to receive surgery.

The device was also found to not cause adverse events related to radiation.

The paper resulting from the study has been published in ESMO Open. ESMO Open is the European Society for Medical Oncology’s peer-reviewed open-access journal.

Speaking on the results of the study fuelling the OncoSil share price, its principal investigator Dr Paul Ross commented:

The results of this important clinical study provide evidence that OncoSil can address a significant unmet clinical need in patients with unresectable locally advanced pancreatic cancer. The results clearly show an acceptable safety profile and encouraging clinical benefits for patients.

OncoSil’s CEO and managing director Nigel Lange also commented on the news, saying:

We are very encouraged by the published results of the PanCO study… We will be sharing this clinical evidence with gastroenterologists, oncologists, and nuclear medicine physicians to make this novel treatment more widely available to patients.

Despite today’s uptick, the OncoSil share price is still down 61% year to date. Though, it has gained 2.2% over the last 30 days.

The post Why is the OncoSil Medical (ASX:OSL) share price surging 18% today? appeared first on The Motley Fool Australia.

Should you invest $1,000 in OncoSil Medical right now?

Before you consider OncoSil Medical , you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and OncoSil Medical wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Could 2022 be a good year for the Westpac (ASX:WBC) share price?

Sonic (ASX:SHL) share price hits 52-week high amid COVID booster change

ASX 200 (ASX:XJO) midday update: AMP shoots higher, travel shares rise

What’s going on with the Inoviq (ASX:IIQ) share price today?

Universal Biosensors (ASX:UBI) share price up on “global first” 30-second COVID-19 test

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!