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

p> Therapeutics Inc. - - 2,156,685

Gain on sale of BCY

LifeSciences Inc. - - (299,403)

Cancellation of contingent

payment obligation settled

in common shares - - 150,000

Future income tax recovery - - (1,115,000)

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- - 1,383,537

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6. CAPITAL DISCLOSURES

The Company's objective when managing capital is to maintain adequate

cash resources to support planned activities which include the clinical

trial program, product manufacturing, administrative costs and

intellectual property expansion and protection. The Company includes

shareholders' equity, cash and short-term investments in the definition

of capital. The Company does not have any debt other than trade accounts

payable and has potential contingent obligations relating to the

completion of its research and development of REOLYSIN(R).

In managing capital, the Company estimates its future cash requirements

by preparing a budget and a multiyear plan annually for review and

approval by the Company's board of directors (the "Board"). The budget

establishes the approved activities for the upcoming year and estimates

the costs associated with these activities. The multiyear plan estimates

future activity along with the potential cash requirements and is based

on the Company's assessment of its current clinical trial progress along

with the expected results from the coming year's activity. Budget to

actual variances are prepar
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SOURCE Oncolytics Biotech Inc.
Copyright©2008 PR Newswire.
All rights reserved

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5. Oncolytics Biotech Inc. Announces Approval for U.K. Clinical Trial Investigating REOLYSIN(R) in Combination with Cyclophosphamide
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