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Oncothyreon reports full year and fourth quarter 2007 financial results
Date:3/10/2008

.............. - 462 - 462

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Net loss.................. $ (5,152) $ (27,113) $ (20,340) $ (36,394)

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Basic and diluted loss

per share................ $ (0.26) $ (1.58) $ (1.04) $ (2.38)

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Weighted average number of

common shares outstanding

(in thousands)........... 19,486 17,133 19,486 15,317

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Oncothyreon Inc.(1)

Consolidated Balance Sheets Data

(in thousands of U.S. dollars, except share data)

(unaudited)

December 31, December 31,

2007 2006

Cash, cash equivalents and short term

investments.................................. $ 24,186 $ 28,395

Total assets.................................. $ 36,218 $ 33,456

Total long-term liabilities................... $ 12,526 $ 2,328

Shareholders' equity.......................... $ 12,019 $ 27,435

Common shares outstanding..................... 19,485,889 19,485,889

(1) On December 10, 2007, Oncothyreon became the successor corporation to

Biomira Inc. by way of a plan of arrangement effected pursuant to

Canadian law. These financial statements reflect the h
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SOURCE Oncothyreon Inc.
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