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Keryx Biopharmaceuticals, Inc. Announces First Quarter 2008 Financial Results
Date:5/9/2008

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KERYX CONTACT:

Lauren Fischer

Director - Investor Relations

Keryx Biopharmaceuticals, Inc.

Tel: 212.531.5965

E-mail: lfischer@keryx.com

Keryx Biopharmaceuticals, Inc.

Selected Consolidated Financial Data

(Thousands of Dollars, Except Share and Per Share Data)

Statements of Operations Information:

Three Months Ended March 31,

(unaudited)

2008 2007

REVENUE:

License revenue $199 $ --

Diagnostic revenue -- 30

Service revenue -- 12

TOTAL REVENUE 199 42

OPERATING EXPENSES:

Cost of diagnostics sold -- 22

Cost of services -- 32

Research and development:

Non-cash compensation (980) 995

Other research and development 30,828 17,446

Total research and development 29,848 18,441

Selling, general and administrative:

Non-cash compensation 1,717 2,006

Other selling, general and administrative 1,967 2,795

Total selling, general and administrative 3,684 4,801

TOTAL OPERATING EXPENSES 33,532 23,296

OPERATING LOSS
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SOURCE Keryx Biopharmaceuticals, Inc.
Copyright©2008 PR Newswire.
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