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

crease in our investor relations activity, and an increase in compensation costs paid to our board of directors compared to the first quarter of 2007.

During the first quarter of 2008, our office expenses were $324,284 compared to $324,839 for the first quarter of 2007. Our office expense activity has remained consistent in the first quarter of 2008 compared to the first quarter of 2007.

Commitments

As at March 31, 2008, we are committed to payments totaling $2,497,000 during the remainder of 2008 for activities related to clinical trial activity, manufacturing and collaborations. All of these committed payments are considered to be part of our normal course of business.

SUMMARY OF QUARTERLY RESULTS

The following unaudited quarterly information is presented in thousands of dollars except for per share amounts:

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2008 2007 2006

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March Dec. Sept. June March Dec. Sept. June

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Revenue - - - - - - - -

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Interest

income 180 265 319 359 268 286 320 335

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Net

loss(3) 3,324 4,085 3,764 3,680 4,113 4,890 3,425 2,988

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Basic and

diluted

loss per

common

share(3) $0.08 $0.13 $0.09 $0.09 $0.11 $0.13 $0.09 $0.08

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Total

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SOURCE Oncolytics Biotech Inc.
Copyright©2008 PR Newswire.
All rights reserved

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