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Oncolytics Biotech Inc. Announces 2007 Third Quarter Results
Date:10/30/2007

n and gathering any evidence of anti-tumour activity.

THIRD QUARTER RESULTS OF OPERATIONS

(for the three months ended September 30, 2007 and 2006)

Net loss for the three month period ending September 30, 2007 was $3,763,901 compared to $3,425,169 for the three month period ending September 30, 2006.

Research and Development Expenses ("R&D")

2007 2006

$ $

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Manufacturing and related process

development expenses 879,937 1,259,716

Clinical trial expenses 1,278,175 688,435

Pre-clinical trial and research

collaboration expenses 293,785 301,165

Other R&D expenses 438,747 456,430

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Research and development expenses 2,890,644 2,705,746

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For the third quarter of 2007, R&D increased to $2,890,644 compared to $2,705,746 for the third quarter of 2006. The increase in R&D was due to the following:

Manufacturing & Related Process Development ("M&P")

2007 2006

$ $

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Product manufacturing expenses 610,842 896,776

Technology transfer expenses - 184,761

Process development expenses 269
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SOURCE Oncolytics Biotech Inc.
Copyright©2007 PR Newswire.
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