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

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Other research and development expenses 438,747 456,430

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Our R&D salaries and benefits costs were $342,155 in the third quarter of 2007 compared to $299,224 in the third quarter of 2006. The increase is a result of increases in salary and staff levels along with the addition of our Vice President of Intellectual Property in 2007.

Operating Expenses

2007 2006

$ $

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Public company related expenses 635,076 507,828

Office expenses 245,082 258,790

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Operating expenses 880,158 766,618

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During the third quarter of 2007, our public company related expenses were $635,076 compared to $507,828 for the third quarter of 2006. In the third quarter of 2007, we increased our professional fees and investor relations activity in the United States and Europe compared to the third quarter of 2006.

Stock Based Compensation

2007 2006

$ $

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Stock based compensation 38,909 34,671

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SOURCE Oncolytics Biotech Inc.
Copyright©2007 PR Newswire.
All rights reserved

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