Biora AB Issues Half Year Report.MALMO, Sweden--(BUSINESS WIRE)--Aug. 18, 1999-- The following was announced today by Biora AB. -0-
January 1 - June 30, 1999
Biora AB (publ)
Incl.
non-recurring
revenue
The first six months 1999 1998 1998
Net sales, SEK millions 37.5 22.9 --
Operating Loss, SEK millions -45.4 -58.2 -18.8(a)
Net loss, SEK millions -42.2 -51.8 -12.4(a)
(a) First quarter of 1998 includes nonrecurring revenue from
Seikagaku Corp., Biora's Japanese partner.
-0- Sales during the second quarter of 1999 increased by approximately 80 percent to 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. 20.3 million (compared to SEK 11.2 million during the same period in 1998). The increase was mainly in the US market. Emdogain was approved in 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. for use in conjunction with conventional treatment of periodontitis periodontitis Inflammation of soft tissues around the teeth (see tooth). Poor dental hygiene leads to deposition of bacterial plaque on the teeth below the gum line, irritating and eroding nearby tissues. . A new subsidiary, Biora BioEx AB, was formed focusing on R&D on products for treatment of wounds and infections outside the oral cavity oral cavity n. The part of the mouth behind the teeth and gums that is bounded above by the hard and soft palates and below by the tongue and the mucous membrane connecting it with the inner part of the mandible. . Expanded marketing efforts in Japan from 1,500 to 4,000 specialists. Biora AB (Nasdaq 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 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 report may contain certain forward-looking statements 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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