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Oncothyreon Reports Third Quarter 2010 Financial Results
Date:11/8/2010

ment activities for ONT-10, as well as the legal, accounting and consulting expenses associated with regulatory compliance in the first quarter of 2010.  Oncothyreon currently expects cash used in operations in 2010 to be approximately $18-19 million. As a result, Oncothyreon estimates that its existing cash will be sufficient to fund operations for at least the next 12 months. Conference Call Details Oncothyreon will conduct a conference call to discuss its third quarter 2010 financial results and provide a review of its pipeline of products in development today at 4:30 p.m. Eastern time (1:30 p.m. Pacific time).  To participate in the call by telephone, please dial (877) 280-7291 (United States) or (707) 287-9361 (International).  In addition, the call will be webcast live and can be accessed on the "Events" page of the "News & Events" section of Oncothyreon's website at href="http://www.oncothyreon.com/">www.oncothyreon.com.  An archive of the webcast will be available after completion of the discussion and will be posted on the Oncothyreon website. About Oncothyreon Oncothyreon is a biotechnology company specializing in the development of innovative therapeutic products for the treatment of cancer. Oncothyreon's goal is to develop and commercialize novel synthetic vaccines and targeted small molecules that have the potential to improve the lives and outcomes of cancer patients.  For more information, visit www.oncothyreon.com. Forward-Looking Statements In order to provide Oncothyreon's investors with an understanding of our current results and future prospects, this release may contain statements that are forward-looking.  Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Words such as "believes," "anticipates," "plans," "expects," "will," "intends," "po
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