Nymox Pharmaceutical Reports 2009 Financial Results

HASBROUCK HEIGHTS, N.J., March 11, 2010 (GLOBE NEWSWIRE) -- Nymox Pharmaceutical Corporation (Nasdaq:NYMX) announced today its financial results for the year ended December 31, 2009. Nymox reported a net loss of $5,130,074, or $0.17 per share for the year ended December 31, 2009, compared to $4,637,103, or $0.16 per share for same period in 2008. The increase of the net loss for the year is attributable to expenses relating to the launch of Phase 3 clinical trials for NX-1207. Net losses include stock compensation charges of $1,085,164 in 2009 and $925,220 in 2008. Product sales amounted to $415,980 for the year ended December 31, 2009, compared to $426,675 for the same period in 2008. The weighted average number of common shares at the year ended December 31, 2009 was 30,717,822, compared to 29,749,000 at December 31, 2008.

MORE ON THIS TOPIC