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Oncolytics Biotech(R) Inc. Reports Highlights and Financial Results for 2008
Date:3/4/2009

for REOLYSIN to commercial scale. Financial and Intellectual Property ----------------------------------- - In December, Oncolytics closed a public offering that added a net $3.4 million to Oncolytics' financial reserves, bringing the total to $13.3 million in cash and equivalents at December 31, 2008; and, - Secured five U.S. and three Canadian patents in 2008. Currently more than 200 patents have been issued worldwide, including 31 US and 9 Canadian. "We are greatly encouraged by the clinical results we are seeing in our clinical trials, and by the continued enthusiasm displayed by our collaborators," said Dr. Thompson. "We look forward to taking REOLYSIN into to the final stages of development in 2009." Oncolytics Biotech Inc. CONSOLIDATED BALANCE SHEETS As at December 31 2008 2007 $ $ ------------------------------------------------------------------------- ASSETS Current Cash and cash equivalents 7,429,895 6,715,096 Short-term investments 5,846,634 18,498,733 Accounts receivable 86,322 80,085 Prepaid expenses 179,668 260,300 ------------------------------------------------------------------------- 13,542,519 25,554,214 Property and equipment 263,926 201,103 Intellectual property 180,750 542,250 ------------------------------------------------------------------------- 13,987,195 26,297,567 ---------------------
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