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Oncothyreon reports second quarter 2010 financial results
Date:8/5/2010

-looking statements contained herein are reasonable, we can give no assurance that our expectations are correct. All forward-looking statements are expressly qualified in their entirety by this cautionary statement. For a detailed description of our risks and uncertainties, you are encouraged to review the official corporate documents filed with the securities regulators in the United States on U.S. EDGAR and in Canada on SEDAR. Oncothyreon does not undertake any obligation to publicly update its forward-looking statements based on events or circumstances after the date hereof.

Additional Information

Additional information relating to Oncothyreon can be found on U.S. EDGAR at www.sec.gov and on SEDAR at www.sedar.com.

                               Oncothyreon Inc.

                 Consolidated Statements of Operations Data
                   (in thousands except per share amounts)
                                 (unaudited)

                                      Three Months ended    Six Months ended
                                                 June 30             June 30
                                      ------------------  ------------------
                                          2010      2009      2010      2009
                                      --------  --------  --------  --------
    Revenue
      Licensing revenue from
       collaborative agreements...... $      4  $      4  $   
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SOURCE Oncothyreon Inc.
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