Artimplant AB Interim Report January 1 - March 31, 2006.STOCKHOLM, Sweden -- Artimplant AB (STO:ARTIB): --Net revenue amounted SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1.1 million (1.1) --Net profit of SEK -10.4 million (-9.1) --Earnings per share of SEK -0.17 (SEK -0.23) --Artelon(R) implant for rotator cuff reinforcement received clearance for marketing in the US and was launched by Biomet at AAOS AAOS American Academy of Orthopaedic Surgeons. AAOS American Academy of Orthopaedic Surgery in Chicago --Increased number of clinics using Artelon(R) products increased the underlying product sales run rate in the US and in Scandinavia --Artelon(R) DRU DRU Druid (Everquest) DRU Disaster Resistant University DRU Direct Reporting Unit DRU Dansk Rugby Union (Danish Rugby Club) DRU Dynamic Reference Unit DRU Data Recovery Unit DRU Data Retrieval Unit Spacer received CE-mark --Artelon(R) TMC Spacer cleared for marketing in Canada Events after the period --Tord Lendau resigns as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. for private reasons About Artimplant Artimplant is a biomaterials company focused on solutions to problems in orthopedic, odontological and reconstructive surgery. The Company is engaged in the development, production and marketing of degradable implants designed to restore active lifestyles and improve quality of life. The proprietary technology Artelon(R), a long-term degradable biomaterial, offers new solutions to unmet clinical needs and opens new markets. Artimplant's business model is that of licensing its products and technology to global partners. The Company currently has six licensing agreements and one distribution agreement with three global partners. Artimplant is a public company, listed on the Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. , O-list. Forward-looking statements This press release contains forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties impacting the Company's business including increased competition; the ability of the Company to expand its operations and to attract and retain qualified professionals; technological obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. ; general economic conditions; and other risks detailed from time to time in the Company's filings. This information was brought to you by Waymaker http://www.waymaker.net |
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