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Spherix Reports Third Quarter 2009 Earnings
Date:11/16/2009

BETHESDA, Md., Nov. 16 /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 third quarter ended September 30, 2009.

Recent and Upcoming Company Highlights

  • D-tagatose as a Treatment for Type 2 Diabetes
    • Blinded interim data analysis of the Phase 3 trial demonstrated a significant reduction in variability of HbA1c, and sufficient power to achieve statistical significance for the primary endpoint of the trial. Results of the analysis of secondary variables, body mass index, triglycerides, HDL and LDL, are in agreement with that of the HbA1c results
    • Medical Advisory Board in the field of diabetes and metabolic diseases formed in October to provide guidance for scientific and clinical development questions for D-tagatose
    • Dr. Ram Nimmagudda, Director of New Business Development, joined Company to spearhead the commercialization of D-tagatose
    • Preliminary Phase 2 (Dose Range) clinical trial data demonstrated reduction of HbA1c levels with doses of Naturlose an order of magnitude lower than the dose used in the current Phase 3 trial
    • Completion of the trials and filing of FDA New Drug Application (NDA) expected in 2010
  • Upcoming Trade Shows/Investor Conferences:
    • 2010 OneMedForum, San Francisco, CA, Jan. 12-13, 2010
    • BIO CEO & Investor Conference, New York, NY, Feb. 8-9, 2010
    • American College of Cardiology, Atlanta, GA, Mar. 14-16, 2010
    • American College of Physicians, Toronto, Canada, Apr. 22-24, 2010

"The interim analysis results announced
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SOURCE Spherix Incorporated
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1. Spherix Reports Second Quarter Earnings
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3. Spherix D-tagatose to be Supplied by Inalco SpA
4. Spherix Expands Phase 3 Naturlose Diabetes Trial Outside of the U.S.
5. Spherix Postpones 2009 Annual Shareholders Meeting to Share Interim Diabetes Clinical Trial Data
6. Spherix Elects New Independent Director, and Elects Chairman of the Board
7. Spherix Reports First Quarter 2009 Earnings
8. Spherix Announces Positive Phase 2 Study Results
9. EpiCept Reports Expansion of Clinical Development For Licensed Cancer Compound
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