Biora AB Interim Report, First Quarter 1999.MALMO, Sweden--(BUSINESS WIRE)--April 29, 1999-- -0-
- Sales increased to SEK 17.2 million (compared to SEK 11.7 million
during the same period in 1998).
- Operating loss: SEK 22.8 million (compared to a profit of SEK 8.0
million during the same period in 1998) (operating profit for
1998 includes nonrecurring revenue of SEK 39.4 million from
Biora's Japanese partner).
- Net loss after tax: SEK 20.9 million (compared to a profit of SEK
12.2 million during the same period in 1998).
- New positive knowledge about Emdogain and its influence on wound
healing.
- New subsidiary, Biora BioEx AB, for research and development of
products to treat wounds and infections outside the oral cavity.
- New owner, The National Pension Insurance Fund, 6th Fund Board,
with 19.21 % of the shares.
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BioraAB (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BIORY) develops, manufactures and sells products for the 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 and for use in oral surgery. Using its proprietary technology and expertise, Biora aims to become a world leader in biology-based products for specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. dental therapy. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that relate to the 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 implies in such forward looking statements and are more fully discusses in periodic reports files with the Securities and Exchange Commission Home page: www.biora.se |
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