HASBROUCK HEIGHTS, N.J., March 15, 2011 (GLOBE NEWSWIRE) -- Nymox Pharmaceutical Corporation (Nasdaq:NYMX) announced today its financial results for the year ended December 31, 2010. Nymox reported a net loss of $6,956,033, or $0.22 per share for the year ended December 31, 2010, compared to $5,130,074, or $0.17 per share for same period in 2009. The increase of the net loss for the year is attributable to expenses relating to the Phase 3 clinical trials for NX-1207. Net losses include stock compensation charges of $898,585 in 2010 and $1,085,164 in 2009. The Company’s cash position as of December 31, 2010 was $13,174,999 compared to $668,702 as of December 31, 2009, as a result of an upfront payment of €10,000,000 pursuant to a licensing agreement signed in December 2010. Product sales amounted to $582,383 for the year ended December 31, 2010, compared to $415,980 for the same period in 2009. The weighted average number of common shares outstanding for the year ended December 31, 2010 was 31,940,584, compared to 30,717,822 for the same period in 2009.
