Biora's Product EmdogainGel Approved For Sale in Japan.Business Editors MALMO, Sweden--(BUSINESS WIRE)--Dec. 13, 2001 The Japanese regulatory authority Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities has given Biora clearance to sell the company's product for treatment of periodontal disease Periodontal Disease Definition Periodontal diseases are a group of diseases that affect the tissues that support and anchor the teeth. Left untreated, periodontal disease results in the destruction of the gums, alveolar bone (the part of the jaws where , EmdogainGel, in Japan. After the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Japan is the largest periodontology periodontology, n See periodontics. market, with about 2000 periodontists. Biora's partner in Japan, Seikagaku Corporation, will commence the launch of EmdogainGel during the first quarter 2002. EmdogainGel is a further development of Emdogain that significantly simplifies it use. Instead of mixing two components manually as done previously, the dentist can apply the pre-mixed product, EmdogainGel, directly. In a commentary, Biora's President and Chief Executive Officer, Rickard Soderberg says: The Japanese authority's approval of EmdogainGel is very welcome. The product was introduced in Europe during June, 2000, and in the U.S. during February, 2001 and has been positively received in these markets. Through our Japanese partner, Seikagaku, we will soon begin selling to dentists in the Japanese market. During the year 2000, the U.S., Germany and Japan accounted for 75% of Biora's sales. Biora develops, manufactures and sells pharmaceutical products to dentists. The principal product, EmdogainGel, which is approved for sale in Europe, North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Japan naturally regenerates the supporting structure that the tooth has lost due to periodontal disease. Biora's American Depository The place where a deposit is placed and kept, e.g., a bank, savings and loan institution, credit union, or trust company. A place where something is deposited or stored as for safekeeping or convenience, e.g., a safety deposit box. Shares are listed on the Nasdaq National Market in the US and Biora's ordinary shares are listed on the "O-list" of 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. in Sweden. This press release may contain certain forward- looking statements that relate to future events or future business and financial performance. Such statements can only be predictions and the actual events or results may differ from those discussed. The Company cautions that these statements are subject to important factors that could cause actual results to differ materially from those expressed or implied in such forward looking statements and are more fully discussed in periodic reports filed with Securities and Exchange Commission. |
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