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Keryx Biopharmaceuticals, Inc. Announces Second Quarter 2008 Financial Results
Date:8/8/2008

nc.

Selected Consolidated Financial Data

(Thousands of Dollars, Except Share and Per Share Data)

Statements of Operations Information:

Three Months Ended Six Months Ended

June 30, June 30,

(unaudited) (unaudited)

2008 2007 2008 2007

REVENUE:

License revenue $ 327 $ -- $ 526 $ --

Diagnostic revenue -- 36 -- 66

Service revenue 62 14 62 26

TOTAL REVENUE 389 50 588 92

OPERATING EXPENSES:

Cost of diagnostics sold -- 16 -- 38

Cost of services 14 30 14 62

Research and development:

Non-cash compensation 251 1,178 (729) 2,173

Other research and

development 4,243 15,685 35,071 33,131

Total research and

development 4,494 16,863 34,342 35,304

Selling, general and

administrative:

Non-cash compensation 1,767 1,407 3,484 3,413

Other selling, general and

administrative 2,085 2,394 4,052 5,189

Total selling,

general and administrative 3,852 3,801 7,536 8,602

TOTAL OPERATING EXPENSES 8,360 20,710 41,892 44,006

OPERATING LOSS (7,971) (20,660) (41,304) (43,914)

OTHER INCOME:

Interest and other

income, net 274 1,200 (929) 2,641 <
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SOURCE Keryx Biopharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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