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Keryx Biopharmaceuticals, Inc. Announces Third Quarter 2007 Financial Results
Date:10/24/2007

52 74 144 433

OPERATING EXPENSES:

Cost of diagnostics sold -- 50 38 69

Cost of services 28 29 90 298

Research and development:

Non-cash compensation 735 1,378 2,908 6,206

Other research and

development 15,967 14,950 49,098 39,635

Total research and

development 16,702 16,328 52,006 45,841

Selling, general and

administrative:

Non-cash compensation 1,780 1,481 5,193 7,839

Other selling, general and

administrative 2,087 2,041 7,276 6,546

Total selling, general and

administrative 3,867 3,522 12,469 14,385

TOTAL OPERATING EXPENSES 20,597 19,929 64,603 60,593

OPERATING LOSS (20,545) (19,855) (64,459) (60,160)

OTHER INCOME:

Interest and other

income, net 1,017 1,862 3,658 4,743

NET LOSS $(19,528) $(17,993) $(60,801) $(55,417)

NET LOSS PER COMMON

SHARE

Basic and diluted $(0.45) $(0.42) $(1.40) $(1.34)

SHARES USED IN COMPUTING

NET LOSS PER COMMON

SHARE

Basic and diluted 43,619,523 43,177,962 43,561,160 41,474,449

Balance Sheet Information:

September 30, 2007 December 31, 2006*

(unaudited)

Cash, cash equivalents,

interest receivable and

investment securities $ 70,736 $ 125,610

License receivable 12,000 --

Total assets 99,021
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SOURCE Keryx Biopharmaceuticals, Inc.
Copyright©2007 PR Newswire.
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