Oncothyreon announces presentations at American Society of Clinical Oncology (ASCO) Annual Meeting



    SEATTLE, May 18 /CNW/ - Oncothyreon Inc. (Nasdaq:   ONTY) (TSX:ONY) today
announced upcoming presentations at the American Society of Clinical Oncology
(ASCO) Annual Meeting being held May 29-June 2, 2009 in Orlando, Florida.
Abstracts related to our product candidates Stimuvax(R), PX-866 and PX-12 are
now available to the public online at the ASCO Web site,
www.abstract.asco.org.

    
    Abstracts include:

    -   "Long-term safety of BLP25 liposome vaccine (L-BLP25) in patients
        (pts) with stage IIIB/IV non-small cell lung cancer (NSCLC)"

        - Abstract No: 3055 Poster session: Developmental Therapeutics:
        Immunotherapy - Saturday May 30, 8:00 AM to 12:00 PM, Level 2,
        West Hall C

    -   "Phase I trial of PX-866, a novel phosphoinositide-3-kinase (PI-3K)
        inhibitor"

        - Abstract No: 3542 Poster session: Developmental Therapeutics:
        Molecular Therapeutics - Saturday May 30, 8:00 AM to 12:00 PM
        Level 2, West Hall C

    -   "Results from phase Ib studies of PX-12, a thioredoxin inhibitor in
        patients with advanced solid malignancies"

        - Abstract No. 2571, Poster Session: Developmental Therapeutics:
        Cytotoxic Chemotherapy - Saturday May 30, 8:00 AM to 12:00 PM,
        Level 2, West Hall C
    

    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 its
current intentions and future prospects, this release contains statements that
are forward-looking, including statements related to future preclinical and
clinical development plans for our product candidates. These forward-looking
statements represent Oncothyreon's intentions, plans, expectations and beliefs
and are based on its management's experience and assessment of historical and
future trends and the application of key assumptions relating to future events
and circumstances.
    Forward-looking statements involve risks and uncertainties, including
risks and uncertainties related to Oncothyreon's business and the general
economic environment. Many of these risks and uncertainties are beyond
Oncothyreon's control. These risks, uncertainties and other factors could
cause our actual results to differ materially from those projected in
forward-looking statements. Risks, uncertainties, and assumptions include
those predicting the timing, duration and results of clinical trials, the
timing and results of regulatory reviews, the safety and efficacy of our
product candidates, and the indications for which our product candidates might
be developed. There can be no guarantee that the results of preclinical
studies will be predictive of either safety or efficacy in future clinical
trials. These and other risks and uncertainties are described in the reports
and other documents filed by Oncothyreon Inc. with the SEC and/or Canadian
regulatory authorities.
    Although Oncothyreon believes that any forward-looking statements
contained herein are reasonable, it can give no assurance that its
expectations are correct. All forward-looking statements are expressly
qualified in their entirety by this cautionary statement. For a detailed
description of the risks and uncertainties associated with Oncothyreon, 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 is under no obligation to (and expressly disclaims any such
obligation to) update or alter its forward-looking statements whether as a
result of new information, future events, or otherwise.





For further information:

For further information: Investor and Media Relations Contact: Julie
Rathbun, Rathbun Communications, (206) 769-9219, ir@oncothyreon.com

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