Nymox Reports Second Quarter 2006 Financial Results
HASBROUCK HEIGHTS, NJ (August 11, 2006) Nymox Pharmaceutical Corporation (NASDAQ: NYMX)
announced today its financial results for the second quarter of 2006. Nymox reported a net
loss of $1,360,621, or $0.05 per share for the quarter ending June 30, 2006, compared to
$847,299, or $0.03 per share for same period in 2005. The increase in the net loss is
attributable to stock-based compensation costs ($338,400 one-time charge for the issuance
of replacement options) and to an increase in research and development expenditures
($132,803 increase compared to the same period in 2005). Product sales amounted to
$117,690 for the second quarter of 2006, compared to $116,820 for the same period in 2005.
Nymox currently has $9.65 million in financing available from its most recent October 21,
2005 financing. The weighted, diluted average number of common shares at June 30, 2006 was
27,268,198, compared to 25,788,015 at June 30, 2005.
Nymox Pharmaceutical Corporation is a biotechnology company engaged in the research and
development of therapeutics and diagnostics, with a particular emphasis on products
targeted for the unmet needs of the aging population. Currently Nymox has three products
on the market, and a healthy pipeline of drug and diagnostic products. The Company also
has several hundred patents and patent applications. The Company is conducting pivotal
Phase II clinical trials for NX-1207, a drug for benign prostatic hyperplasia (BPH). Nymox
has a number of drugs in development for E. coli infection, Alzheimer's disease,
oncology, and infectious disease. The Company markets NicAlert™ and TobacAlert™
tests for measuring tobacco product exposure, and AlzheimAlert™, a test to aid in the
diagnosis of Alzheimer's disease.
More information about Nymox is available at www.nymox.com, email: info@nymox.com, or 800-936-9669.
This press release contains certain “forward-looking statements” as
defined in the United States Private Securities Litigation Reform Act of 1995 that involve
a number of risks and uncertainties. There can be no assurance that such statements will
prove to be accurate and the actual results and future events could differ materially from
management's current expectations. Such factors are detailed from time to time in Nymox's
filings with the United States Securities and Exchange Commission and other regulatory
authorities.