Biora Increases Its Focus On the Dental Market.Business Editors MALMO, Sweden--(BUSINESS WIRE)--Sept. 27, 2000 Biora AB (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, SSE (1) An earlier full-screen editor in OS/2. (2) (Streaming SIMD Extensions) A series of additional instructions built into Pentium CPU chips for improved multimedia performance by performing mathematical operations on multiple sets of data at the : BIOR) announces today that as a step in refining the biotech company, Biora AB is evaluating different options including selling off the BioEx part of its R&D portfolio. The company will concentrate on indications relating to 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. . In a commentary, Biora's 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. , Rickard Soderberg says: - "As we presented in our six month report, we have already begun financing portions of our R&D activities, that we call BioEx, using external resources. The conditional loan of 15 million 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. from Industrifonden for the project `Extra oral use of Emdogain for wound healing' was a first step within the framework of our new strategy. We are also evaluating other opportunities to reduce the company's future development costs, for example partnership with a suitable pharmaceutical company that can take BioEx' research results to the market." Biora 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 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. For further information, please contact: - Rickard Soderberg, President and CEO of Biora, tel: +46 (0) 703 36 13 59 - Elisabeth Lavers, Biora US-investor relations, tel: +1 203 977 7797 |
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