Biora AB Report for the First Half Year 2000.Business Editors MALMO, Sweden--(BUSINESS WIRE)--Aug. 18, 2000
Report for the first half year 2000
Biora AB (publ)
www.biora.com
Half year Half year Full year
2000 1999 1999
Sales, SEK millions 43.6 37.5 73.6
Operating loss, SEK millions - 39.4 - 45.4 - 91.8
Net loss, SEK millions - 37.9 - 42.2 - 86.7
-- Rickard Soderberg new President and 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. -- Sales during the first half year of 2000 increased by 16 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. 43.6 million (compared to SEK 37.5 million during the same period in 1999). The increase occurred primarily in the U S market. -- Sales during the second quarter 2000 increased by 11 percent to SEK 22.5 million (compared to SEK 20.3 million in 1999). -- Premixed version of Emdogain, Emdogain(R)Gel, 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 , launched in Europe. -- The indication to use Emdogain to replace knocked-out teeth launched in Europe in June. -- The Swedish Industrial Fund has granted a conditional loan of SEK 15 million for a Bio-Ex project. Biora develops, manufactures and sells biologically based products primarily for use in the treatment of diseases of 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. . The principal product, Emdogain(R), 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, regenerates naturally the supporting structure lost by the tooth due to periodontal disease. Biora's American Depository 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. |
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