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Oncolytics Biotech Inc. Reports Highlights and Financial Results for 2007
Date:3/6/2008

40,714 52,637 69,532 448,397

Stock based

compensation 539,156 403,550 64,104 4,704,805

Other non-cash

items - - 224,508 1,383,537

Net change in

non-cash working

capital 530,300 811,922 584,766 2,435,221

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Cash used in

operating

activities (13,569,594) (12,155,372) (11,052,462) (66,551,036)

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INVESTING ACTIVITIES

Intellectual

property (852,498) (842,610) (1,033,035) (6,351,778)

Capital assets (92,221) (35,837) (61,309) (715,569)

Purchase of

short-term

investments (949,496) (1,035,427) (22,195,253) (49,068,963)

Redemption of

short-term

investments 6,573,000 13,808,000 6,656,746 30,151,746

Investment in

BCY LifeSciences

Inc. - - 7,965 464,602

Investment in

Transition

Therapeutics

Inc. - - - 2,532,343

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Cash provided by

(used in)

investing

activities 4,678,785 11,894,126 (16,624,886) (22,987,619)

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FINANCING ACTIVITIES

Proceeds from

exercise of

stock options

and warrants 51,000 241,400 3,384,787 15,259,468

Proceeds from

private

placements - - 15,395,402 38,137,385

Proceeds from

public

offerings 12,063,394
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SOURCE Oncolytics Biotech Inc.
Copyright©2008 PR Newswire.
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