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ALTEON ANNOUNCES FINANCIAL RESULTS FOR FISCAL YEAR ENDED DEC. 31, 1992

 NORTHVALE, N.J., March 5 /PRNewswire/ -- Alteon Inc. (NASDAQ: ALTN) announced revenues of $2,944,000 and a net loss of $4,165,000 or $.34 per share for the year ended Dec. 31, 1992, in line with expectations. This compares to revenues of $6,200,000 and net income of $244,000 or $.02 per share for the 1991 year.
 In the fourth quarter ended Dec. 31, 1992, Alteon reported revenues of $530,000 and a net loss of $1,315,000. This compares to revenues of $5,526,000 and net income of $3,549,000 in the fourth quarter ended Dec. 31, 1992.
 Revenues in the fourth quarter of 1991 included a special $5 million payment from Marion Merrell Dow in connection with its exercise of an option to expand an existing strategic alliance with Alteon to include Europe and other selected world markets. Cash and short-term investments totaled $58.7 million at Dec. 31, 1992.
 Alteon is engaged in the discovery and development of products for the detection and treatment of the complications of diabetes and aging. These products are designed to inhibit, reverse and measure damage to cells, tissues and organs caused by advanced glycosylation end-products (AGEs) formed as a result of glucose in the body's circulatory system.
 ALTEON INC.
 Condensed Statement of Operations
 (Dollars in thousands except per share amounts)
 Periods ended Year Three months
 Dec. 31 1991 1992 1991 1992
 Revenues $6,200 $2,944 $5,526 $ 530
 Net income (loss) 244 (4,165) 3,549 (1,315)
 Net income (loss) per share .02 (.34) .28 (.11)
 SELECTED BALANCE SHEET DATA
 12/31/91 12/31/92
 Cash and short term investments $57,435 $58,656
 Total assets 64,826 60,554
 Accumulative deficit (197) (4,362)
 Shareholders' equity 63,789 59,690
 -0- 3/5/93
 /CONTACT: Charles A. Faden, president and chief executive officer of Alteon Inc., 201-784-1010, or Anthony J. Russo of Noonan/Russo Communications Inc., 212-979-9180, for Alteon, Inc./
 (ALTN)


CO: Alteon Inc. ST: New Jersey IN: MTC SU: ERN

LR-OS -- NY006 -- 3346 03/05/93 09:43 EST
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Date:Mar 5, 1993
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