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Keryx Biopharmaceuticals, Inc. Announces Third Quarter 2008 Financial Results
Date:11/10/2008

September 30, September 30,

(unaudited) (unaudited)

2008 2007 2008 2007

REVENUE:

License revenue $327 $41 $853 $41

Service revenue 41 11 103 37

TOTAL REVENUE 368 52 956 78

OPERATING EXPENSES:

Cost of services 13 28 27 90

Research and development:

Non-cash compensation 334 735 (395) 2,908

Other research and

development 2,208 15,965 37,277 49,093

Total research and

development 2,542 16,700 36,882 52,001

Selling, general and administrative:

Non-cash compensation 1,662 1,780 5,146 5,193

Other selling, general

and administrative 2,284 2,062 6,249 6,531

Total selling,

general and

administrative 3,946 3,842 11,395 11,724

TOTAL OPERATING EXPENSES 6,501 20,570 48,304 63,815

OPERATING LOSS (6,133) (20,518) (47,348) (63,737)

OTHER INCOME:

Interest and other

(expense) income, net (622) 1,017 (1,551) 3,658

LOSS FROM CONTINUING

OPERATIONS (6,755) (19,501) (48,899) (60,079)

Loss from discontinued

operations (86) (27) (175) (722)

NET LOSS $(6,841) $(19,528) $(49,074) $(60,801)

NET LOSS PER COMMON

SHARE

Continuing

operations $(0.15) $(0.45) $(1.11) $(1.38)

Discontinued

operations $(--) * $(--) * $(--) *
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SOURCE Keryx Biopharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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