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Spherix Announces Third Quarter Financial Results
Date:11/11/2011

sented at American Herbal Product Association's New Dietary Ingredient Seminar in Chicago, IL
  • October 6, 2011:  Dr. Kruger presented "Impact of Recent Developments and New FDA Guidance for Food and GRAS Ingredients on Regulatory Approval" at the Health Ingredients Japan Conference
  • November 18, 2011:  Drs. Kruger and Booth to present at 52nd Annual Meeting of the American College of Nutrition's "Emergence of Nutrition as Core Medicine" Conference to be held in Morristown, NJ
  • December 12, 2011:  Dr. Kruger to present "Evidence of Safety Needed to Support NDI Notification Part 2 – Toxicity Studies" at the Food and Drug Law Institute's New Dietary Ingredient Regulation and Compliance Workshop to be held in Washington, DC

  • Corporate
  • September 12, 2011: Drs. Kruger and Lodder presented a corporate overview at the Rodman & Renshaw 13th Annual Healthcare Conference at the Waldorf Astoria in New York.
  • October 26, 2011:  Dr. Robert Lodder, Spherix President, presented "SPX-106 and D-Tagatose in Treatment of Dyslipidemia," poster W4062 at the American Association of Pharmaceutical Scientists Annual Meeting in the Washington Convention Center, Washington, DC.
  • November 15, 2011:  Annual Shareholder Meeting to be held at 9:00 a.m. at the Bethesda Marriott Suites in Bethesda, Maryland.

  • Financial Results for the Three and Nine Months Ended September 30, 2011The net loss for the third quarter of 2011 was $0.9 million or $0.36 per share, compared with a net loss for the third quarter of 2010 of $2.1 million or $1.25 per share.  The reduction of the net loss was attributed mainly to lower research and development (R&D) expense.

    R&D expense for the third quarter of 2011 was $0.4 million, a decrease of $1.1 million from R&D expense of $1.5 million in the prior year's third quarter.  R&D expenses are entirely incurred by Biosphe
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