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Oncolytics Biotech Inc. Announces 2008 First Quarter Results
Date:4/30/2008

ther R&D expenses 579,926 552,146

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Research and development expenses 2,125,811 3,218,237

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For the first quarter of 2008, R&D decreased to $2,125,811 compared to $3,218,237 for the first quarter of 2007. The decrease in R&D was due to the following:

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

2008 2007

$ $

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Product manufacturing expenses 467,328 1,748,417

Process development expenses 35,766 89,776

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Manufacturing and related process development

expenses 503,094 1,838,193

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Our M&P expenses for the first quarter of 2008 decreased to $503,094 compared to $1,838,193 for the first quarter of 2007.

In the first quarter of 2008, our production activity decreased compared to the first quarter of 2007. During the first quarter of 2008, we entered into a contract to manufacture REOLYSIN(R) at the 40-litre scale. We commenced production under this contract towards the end of the first quarter of 2008. In the first quarter of 2007, along with a number of manufacturing runs at the 20-litre scale, we also incurred vial filling activity for the production runs that were complet
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SOURCE Oncolytics Biotech Inc.
Copyright©2008 PR Newswire.
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