Neose Technologies, Inc. Reports First Quarter Financial Results

HORSHAM, Pa.--(BUSINESS WIRE)--May 4, 2006--Neose Technologies, Inc. (NasdaqNM:NTEC - News) today announced financial results for the quarter ended March 31, 2006. For the quarter ended March 31, 2006, the Company reported a net loss of $7.8 million, or $0.24 per basic and diluted share, compared to a net loss of $11.3 million, or $0.40 per basic and diluted share, for the same period in 2005.

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