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Spherix Announces 2010 Financial Results
Date:3/30/2011

Sweetness" at the Supply Side West post-conference Stevia: Trends, Product Development and Regulatory Update Workshop in Las Vegas
  • December 8, 2010: Dr. Kruger presented "Probiotics: Advances in the Assessment of Safe Use," during Virgo Publishing's Probiotics Webinar
  • January 14, 2011: Dr. Kruger presented "Contaminants in Fish Oils" at GOED Exchange 2011 in Salt Lake City
  • March 21, 2011: Spherix Consulting's Principal Advisor, Dr. A. Wallace Hayes, presented at the Analyzing Risk: Science, Assessment and Management Program, held at the Harvard School of Public Health in Boston; his presentation, "Toxicology for Risk Analysis," was co-authored by Dr. Kruger
  • April 9, 2011: Dr. Kruger will be speaking at the American Dietetic Association's Nutrition News Forecast 2011 in Chicago
  • May 16, 2011: Dr. Hayes will be presenting at the American College of Toxicology's Toxicology for Industrial and Regulatory Scientists Program, to be held in Falls Church, VA; his presentation, "Basic Principles of Toxicology," was co-authored by Dr. Kruger

    • Financial Results for the Year Ended December 31, 2010The net loss for 2010 was $7.7 million, or $0.43 per share, compared with a net loss of $9.1 million, or $0.62 per share, for 2009.  Cash used to fund operations in 2010 was $8.7 million, compared with $7.8 million in 2009.

    The Company's research and development (R&D) efforts are focused on the development of pharmaceuticals, particularly D-tagatose, a naturally occurring sugar and a low-calorie, full-bulk sweetener previously approved by the U.S. Food and Drug Administration (FDA) as a GRAS (Generally Recognized As Safe) food ingredient. Until June 2010, Biospherics' activities were limited to developing D-tagatose as a novel, first-in-class treatment for Type 2 diabetes.  In June 2010, the Company announced that it will actively seek a pharmaceutical partner to continue the diabetes development and th
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