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

duct non-cash items

Amortization - intellectual

property 254,469 230,992 5,253,730

Amortization - property and

equipment 11,186 9,856 459,583

Stock-based compensation 19,593 21,396 4,724,398

Other non-cash items (note 5) - - 1,383,537

Net change in non-cash working

capital (note 5) 47,759 103,278 2,482,980

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Cash used in operating

activities (2,991,234) (3,747,709) (69,542,270)

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INVESTING ACTIVITIES

Intellectual property (257,304) (218,177) (6,609,082)

Property and equipment (2,665) (34,748) (718,234)

Purchase of short-term investments (137,187) (233,770) (49,206,150)

Redemption of short-term

investments 4,000,000 - 34,151,746

Investment in BCY LifeSciences Inc. - - 464,602

Investment in Transition

Therapeutics Inc. - - 2,532,343

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Cash provided by (used) in

investing activities 3,602,844 (486,695) (19,384,775)

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FINANCING ACTIVITIES

Proceeds from exercise of warrants

and stock options - - 15,259,468

Proceeds from private placements - - 38,137,385

Proceeds from public offerings - 12,068,172 42,856,898

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

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