NEW YORK--(BUSINESS WIRE)--May 10, 2006--AXONYX Inc. (NASDAQ: AXYX - News) announced results for the first quarter-ended March 31, 2006. The Company reported a net loss of $4,017,000 or $0.07 per share for the first quarter of 2006 compared to a net loss of $10,433,000 or $0.19 per share for the first quarter of 2005. The Company had no revenue for the quarter ended March 31, 2006 as compared to $403,000 in the first quarter of 2005. Revenue in 2005 was generated from sales in OXIS International, Inc. (OXIS.OB), which is no longer consolidated with our results effective March 1, 2005.
