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Keryx Biopharmaceuticals, Inc. Announces Fourth Quarter and Year-End 2007 Financial Results



compensation 1,893 569 7,086 8,408

Other selling,

general and

administrative 2,643 2,564 9,919 9,110

Total selling,

general and

administrative 4,536 3,133 17,005 17,518

TOTAL OPERATING EXPENSES 31,027 20,098 95,630 80,691

OPERATING LOSS (30,122) (19,997) (94,581) (80,157)


Interest and other

income, net 897 1,650 4,555 6,393


TAXES (29,225) (18,347) (90,026) (73,764)

Income taxes 36 -- 36 --

NET LOSS $(29,261) $(18,347) $(90,062) $(73,764)


Basic and diluted $(0.67) $(0.42) $(2.07) $(1.76)



Basic and diluted 43,651,587 43,241,090 43,583,950 41,919,741

Balance Sheet Information:

December 31, December 31,

2007 2006*


Cash, cash equivalents, interest

receivable and investment securities $64,682 $125,610

Total assets 81,061 140,313

Accumulated deficit (278,274) (188,212)

Stockholders' equity 44,422 123,821

* Condensed from audited financial statements.

SOURCE Keryx Biopharmaceuticals, Inc.
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