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Spherix Reports First Quarter 2009 Earnings
Date:5/14/2009

BETHESDA, Md., May 14 /PRNewswire-FirstCall/ -- Spherix Incorporated (Nasdaq: SPEX), an innovator in biotechnology for diabetes therapy, and a provider of technical and regulatory consulting services to food, supplement, biotechnology and pharmaceutical companies, today reported results for the first quarter ended March 31, 2009.

Recent Company Highlights

  • Biospherics
    • Created a wholly owned subsidiary, Biospherics Incorporated, for the Company's biotech segment.
    • Naturlose(R) Phase 3 clinical trial investigating efficacy as a treatment for Type 2 diabetes ongoing:
      • Interim data results expected in third quarter of 2009
      • Completion of the related Phase 2 Dose Range trial expected in early 2010
      • Trial completion expected in mid- to late-2010
    • Trade shows/investor conferences:
      • Ohio Valley Affiliates for Life Science, Dayton, OH, April 2-3
      • BIO International Convention, Atlanta, GA, May 18-21
      • Rodman & Renshaw 11th Annual Health Conference, New York, NY, Sept. 9-11

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