OncoGenex Pharmaceuticals to Release First Quarter Financial Results

    BOTHELL, WA and VANCOUVER, April 30 /CNW/ - OncoGenex Pharmaceuticals
(NASDAQ:   OGXI) announced today that the Company's first quarter financial
results will be released on Thursday May 7, 2009, and that the Company will
host a conference call and live webcast at 4:30 p.m. EDT that afternoon.
Management will discuss the company's first quarter results and provide an
update on the business and product pipeline.
    To access the webcast, log on to the Investor Relations page of the
OncoGenex Web site at www.oncogenex.com. Alternatively, you may access the
live conference call by dialing 800-967-7143 (U.S. & Canada) or 719-325-2413
(International). A webcast replay will be available approximately two hours
after the call and will be archived on www.oncogenex.com for 90 days.

    About OncoGenex Pharmaceuticals

    OncoGenex Pharmaceuticals is a biopharmaceutical company committed to the
development and commercialization of new therapies that address unmet needs in
the treatment of cancer. OncoGenex has a deep oncology pipeline, with each
product candidate having a distinct mechanism of action and representing a
unique opportunity for cancer drug development. OGX-011, the lead candidate
currently completing five Phase 2 clinical studies in prostate, lung and
breast cancers, is designed to inhibit the production of a specific protein
associated with treatment resistance; OGX-427 is in Phase 1 clinical
development; SN2310 has completed enrollment in a Phase 1 clinical trial; and
CSP-9222 and OGX-225 are currently in pre-clinical development. More
information is available at www.oncogenex.com.

For further information:

For further information: OncoGenex Contact: Scott Cormack, President &
CEO, (604) 736-3678, scormack@oncogenex.com; Media and Investor Contact: Jason
Spark, Porter Novelli Life Sciences, (619) 849-6005,

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OncoGenex Pharmaceuticals, Inc.

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