Cortex Pharmaceuticals, Inc. Reports Fourth Quarter and Year End Operating Results

IRVINE, Calif.--(BUSINESS WIRE)--Cortex Pharmaceuticals, Inc. (AMEX: COR, http://www.cortexpharm.com) reported a net loss of $3,273,000, or $0.07 per share for the quarter ended December 31, 2007 compared with a net loss of $3,462,000, or $0.10 per share for the corresponding prior year period. Non-cash stock-based compensation charges for the quarters ended December 31, 2007 and 2006 totaled approximately $533,000 and $625,000, respectively.

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