Cancer Innovation Accelerates as Funding Cuts Loom and Biotechs Step Up

VANCOUVER, BC, July 10, 2025 /PRNewswire/ -- USA News Group News Commentary – Cancer rates are rising everywhere, but more dramatically in some places. According to a new analysis of CDC data, Maine currently has the highest rates among US states, while Utah has the lowest. However, another study found that survival rates for cancer patients on immunotherapy depend on their insurance coverage, whether it be through private, Medicaid, or those who are uninsured. With cases for several types of cancers, such as breast cancer, there is plenty of new tech innovation for diagnosis and treatments coming from the private sector. With public resources under pressure, and the cancer research budget for the National Cancer Institute set to be slashed by up to 40%, the oncology landscape is looking towards a new generation of biotechs to step up—including Oncolytics Biotech Inc. (NASDAQ: ONCY) (TSX: ONC), Kazia Therapeutics Limited (NASDAQ: KZIA), Immuneering Corporation (NASDAQ: IMRX), Nuvation Bio Inc. (NYSE: NUVB), and  Calidi Biotherapeutics Inc. (NYSE-American: CLDI).