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

this cash on hand, combined with the $2.6 million of net proceeds of the January 2011 offering, provide us with sufficient capital to fund operations for 2011 and into the following year as we work to complete a number of critical milestones," said Dr. Claire L. Kruger, CEO of Spherix. "Among these milestones are the results of several preclinical studies of the effects of D-tagatose in dyslipidemia and high triglycerides in high fat and high carbohydrate diets.  In addition, we have begun a human clinical postprandial trial with Dtagatose in the treatment of high triglycerides.  Data from this human trial are expected to be announced in the fall of 2011."

Business Update Conference Call and WebcastSpherix management will host a conference call to provide a business update and answer questions on Thursday, April 7, 2011, beginning at 11:00 a.m. Eastern time.  To access the conference call, from the U.S. please dial (866) 322-1352 and from outside the U.S. please dial (706) 643-6246.  All listeners should provide the following passcode: 56320911.  Individuals interested in listening to the live conference call via the Internet may do so by logging on to the Company's website, www.spherix.com.

Following the end of the conference call, a telephone replay will be available through April 14, 2011, and can be accessed by dialing (800) 642-1687 from the U.S. or (706) 645-9291 from outside of the U.S.  All listeners should provide the following passcode: 56320911.  The webcast will be available for 30 days.

Separately, Spherix announces that its Annual Shareholders Meeting, previously scheduled for May 17, 2011, will take place later this year and is tentatively scheduled for August 16, 2011.

About Spherix Spherix Incorporated was launched in 1967 as a scientific research company under the name Biospherics Research.  The Company now leverages its scientific and t
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SOURCE Spherix Incorporated
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