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BETHESDA, Md., May 14 /PRNewswire-FirstCall/ -- At their 2008 Annual
Meeting, shareholders of Spherix Incorporated (Nasdaq: SPEX) elected the
following members to the Board of Directors:
-- Douglas T. Brown, Senior VP and Manager of Corporate Banking Government
Contracting, PNC Bank
-- A. Paul Cox, Jr., Principal, Asset Protection Company
-- Claire L. Kruger, Chief Executive Officer and Chief Operating Officer,
Spherix
-- Gilbert V. Levin, Ph.D., Director of Science and Technology, Spherix
-- Robert A. Lodder, Jr., President, Spherix; and Professor, College of
Pharmacy, University of Kentucky
-- Aris Melissaratos, Senior Advisor to the President of Johns Hopkins
University
-- Robert J. Vander Zanden, Ph.D., former Vice President, R&D, Kraft Foods
International
In addition, Grant Thornton LLP was ratified as the Company's independent accountants for the year 2008.
Claire Kruger told the shareholders that Spherix management is focused
and will continue to focus on the path forward necessary to bring Naturlose
to market as a drug to treat Type 2 diabetes. To this end, three crucial
activities are being undertaken in parallel:
1) Optimizing the efficiency and effectiveness of the clinical trial
program;
2) Evaluating the diabetes drug market potential to determine opportunity
and provide a clear understanding of our potential value;
3) Assuring supplies of tagatose, both the cGMP batches needed for the NDA
as well as a supplier to hold the Drug Master File once FDA approval
has been achieved.
At a Board of Directors meeting later the same day, the following slate
of C
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