EXETER, N.H.--(BUSINESS WIRE)--CPEX Pharmaceuticals, Inc. (NASDAQ: CPEX) today reported its financial results for the fourth quarter and year ended December 31, 2008. For the quarter the Company reported revenues of $4.2 million and net income of $292,000. For the year the Company reported revenues of $15.6 million and a net loss of $2.9 million.