Biora Starts New Subsidiary for Research and Development of Products for Use Outside the Oral Cavity.STOCKHOLM, Sweden--(BUSINESS WIRE)--March 25, 1999--At a meeting of investors today in Stockholm, Biora AB (Nasdaq: 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) today announced that the Company will start a new subsidiary. The name of the Company is Biora BioEx AB and the subsidiary will own Biora's new patents and continue the Companys bio-experimental research, especially to develop products for use in other areas than 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. . - Until now the studies on Emdogain and its wound healing wound healing Physiology The repair of a wound Steps Inflammation, repair and closure, remodeling, final healing; repair of incisions may be either simple–'clean' wounds with little loss of tissue heal by 'primary intention', or 'dirty' wounds heal by effect have been concentrated on tissues around the teeth. But some of our research results suggest interesting possibilities to use the product even outside the oral cavity, says 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. Tomas Hammargren. Within Biora BioEx we will attempt to develop these research areas. There is a large market potential for wound-healing products, however it is an extremely competitive market with a great deal of interest in this area from the big pharmaceutical companies. At the Investors Day the President of Biora Inc, Donna Janson, said that, based on Biora's statistics, 45 percent of the 4 000 periodontists in the U.S.A. have bought the product, as of February 28, 1999, and 45 percent of them have bought the product more than once. 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 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. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion