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Friday, 12/30/2011 9:03:51 PM

Friday, December 30, 2011 9:03:51 PM

Post# of 1874
Dr Gerald Kennealey appointed SVP Clinical Development/CMO

11/10/2011 8:03:36 AM ET

Oncolytics Biotech Announces Appointments to Senior Management Team

CALGARY, AB, November 10th, 2011 --- Oncolytics Biotech Inc. (TSX:ONC, NASDAQ:ONCY) (“Oncolytics”) today announced the appointment of Gerard Kennealey, MD as Senior Vice President of Clinical Development and Chief Medical Officer (CMO). George M. Gill, MD, Oncolytics’ CMO since July 2011, will return to his previous role as Senior Vice President of Regulatory Affairs and also has been appointed Chief Safety Officer.

“Dr. Kennealey is an excellent addition to our clinical development team bringing extensive experience with new oncology drug submissions, regulatory reviews and clinical trial management to his new role,” said Dr. Brad Thompson, President and CEO of Oncolytics. “Dr. Kennealey and Dr. Gill form a strong team that will advance our proprietary product, REOLYSIN®, through late-stage clinical testing and global regulatory approvals.”

Dr. Kennealey holds a B.S. (Biology) from Boston College and an MD from the Yale University School of Medicine. Following his medical training and a decade as a practicing oncologist, Dr. Kennealey worked for AstraZeneca where he held positions including Vice President, US Medical Affairs; Vice President, Oncology Clinical Research; and Global Product Director for Faslodex®. Dr. Kennealey subsequently held an array of progressively senior positions with other companies in the life sciences industry, as Senior Vice President & Chief Medical Officer at Eximias Pharmaceuticals; Senior Vice President, Drug Development at MGI Pharma; and Vice President of Business Development at Cephalon Inc. Most recently, Dr. Kennealey was Vice President of Scientific Affairs at Cephalon Inc.

Dr. Gill holds a B.Sc. (Chemistry) from Dickinson College and an MD from the School of Medicine of the University of Pennsylvania, and is board certified in pediatrics. He began his career in the pharmaceutical industry at Hoffman-La Roche, where he held a variety of positions, including as Director of the Clinical Oncology Group and Associate Director of Regulatory Affairs. He was subsequently Vice President of Clinical Research and Vice President of Medical Affairs at Ligand Pharmaceuticals; Senior Director and Head of U.S. Clinical and Medical Affairs for ICI Pharmaceuticals (now AstraZeneca); and Vice President and Head of Worldwide Regulatory Affairs for the Bristol-Myers Company (now Bristol-Meyers Squibb). Dr. Gill joined Oncolytics in 2002.

About Oncolytics Biotech Inc.
Oncolytics is a Calgary-based biotechnology company focused on the development of oncolytic viruses as potential cancer therapeutics. Oncolytics’ clinical program includes a variety of human trials including a Phase III trial in head and neck cancers using REOLYSIN, its proprietary formulation of the human reovirus. For further information about Oncolytics, please visit: www.oncolyticsbiotech.com.

This press release contains forward-looking statements which involve known and unknown risks, delays, uncertainties and other factors not under the Company’s control and which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward-looking statements. Such risks and uncertainties include, among others, the efficacy of REOLYSIN as a cancer treatment, the success and timely completion of clinical studies and trials, uncertainties related to the research and development of pharmaceuticals and uncertainties related to the regulatory process. Investors should consult the Company’s quarterly and annual filings with the Canadian and U.S. securities commissions for additional information on risks and uncertainties relating to the forward-looking statements. Investors are cautioned against placing undue reliance on forward-looking statements. The Company does not undertake to update these forward-looking statements, except as required by applicable laws.

FOR FURTHER INFORMATION PLEASE CONTACT:
The Equicom Group
Nick Hurst
300 5th Ave. SW, 10th Floor
Calgary, Alberta T2P 3C4
Tel: 403.218.2835

From Dr Keenealy's LinkedIn profile,

Gerard Kennealey's Summary


"I am a Board Certified medical oncologist and currently am VP of Business Development at Cephalon. I have 23 years of industry experience at small, medium-sized and 'big pharma' companies as well as independent consulting.

While at AZ, i started the Expanded Access Program for Iressa which ultimatley enrolled >20,000 patients with lung cancer. I have given many talks on EAPs and am interested in consulting with companies that wish to consider instituting an EAP

I am very interested in being considered for Board of Director positions at small to medium sized pharma/biotech companies where my drug development expertise in oncology and related fields would be of benefit.

Specialties
IND and NDA submission, design of clinical trials, critical review of clinical development plans, development of Expanded Access Programs"
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