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Spherix Announces Third Quarter Financial Results
Date:11/11/2011

BETHESDA, Md., Nov. 11, 2011 /PRNewswire/ -- Spherix Incorporated (NASDAQ: SPEX) -- an innovator in biotechnology for therapy in diabetes, metabolic syndrome and atherosclerosis, and providers of technical and regulatory consulting services to food, supplement, biotechnology and pharmaceutical companies -- today reported financial results for the three and nine months ended September 30, 2011.

Recent and Upcoming Highlights

  • Pharmaceutical Development
  • Reported that SPX-106T, a combination of SPX-106 with D-tagatose, reduced dyslipidemia in new studies of apolipoprotein E-deficient mice and Syrian Golden hamsters, which also corroborated data obtained in LDL receptor-deficient mice
  • Reported that a new study in rats demonstrated that D-tagatose inhibits fructose absorption in the gastrointestinal tract, and this finding provides further insight into the mechanism of action of SPX-106T
  • Reported that SPX-106T reduced VLDL and LDL in LDL receptor-deficient mice, as well as atherosclerotic lesion area in the aortic arch to less than one-half the value of the untreated group
  • Continued research contracts to investigate the role of D-tagatose in lowering triglycerides
  • Continued preclinical testing of SPX106T for treatment of high triglycerides and cholesterol, atherosclerosis and the metabolic syndrome

  • Health Sciences Consulting
  • Recent and upcoming trade and professional shows:
  • August 17, 2011: Dr. Kruger presented "Regulatory Pathways to Market: A Discussion of Dietary Supplements, Medical Food, and Nutraceuticals," at the Pharmaceutical Education & Research Institute, Inc. (PERI)'s Webinar
  • August 2011 publication: Kruger, C.L., Booth, N. and Hayes, A.W., "Policing Ourselves: Is GRAS Robust Enough?," Food Technology, pages 18-19
  • September 8, 2011:  Spherix Consulting pre
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  • SOURCE Spherix Incorporated
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    Related biology technology :

    1. Spherix Announces Closing of Private Placement of $1.25 Million, Discusses Use of Proceeds
    2. Spherix to Raise $1.25 Million in Private Placement
    3. Spherix Announces Results from New Preclinical Studies Showing SPX-106T Produces Significant Reductions in Cholesterol, Fat Deposition and Body Weight
    4. Spherix Announces Annual Shareholders Meeting Date
    5. Spherix to Present at the 5th Lippert/Heilshorn Life Sciences & Medical Technologies Virtual Conference on June 16
    6. Spherix Regains Compliance With NASDAQ Listing Rule
    7. Spherix Announces First Quarter Financial Results
    8. Spherix Announces Reverse Stock Split Effective May 6, 2011
    9. Spherix to Effect Reverse Stock Split
    10. Spherix Announces 2010 Financial Results
    11. Spherix to Present at the BIO-Windhover/Pharmaceutical Strategic Outlook 2011 Conference
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