1 EXHIBIT 11 CYTOCLONAL PHARMACEUTICS INC. COMPUTATION OF NET (LOSS) PER COMMON SHARE (unaudited) THREE MONTHS NINE MONTHS ENDED SEPTEMBER 30, ENDED SEPTEMBER 30, 1999 1998 1999 1998 ------------ ------------ ------------ ------------ Net (loss) ($ 1,012,000) ($ 976,000) ($ 2,924,000) ($ 1,935,000) Add cumulative preferred dividend (46,000) (48,000) (137,000) (143,000) ------------ ------------ ------------ ------------ NET (LOSS) USED FOR COMPUTATION ($ 1,058,000) ($ 1,024,000) ($ 3,061,000) ($ 2,078,000) Weighted average number of common shares outstanding - basic and diluted 10,361,000 10,172,000 10,318,000 9,585,000 ------------ ------------ ------------ ------------ Net (loss) per common share - basic and diluted ($ 0.10) ($ 0.10) ($ 0.30) ($ 0.22)