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ALTEON ANNOUNCES FINANCIAL RESULTS FOR FISCAL YEAR ENDED DEC. 31, 1991

ALTEON ANNOUNCES FINANCIAL RESULTS FOR FISCAL YEAR ENDED DEC. 31, 1991
 NORTHVALE, N.J., April 2 /PRNewswire/ -- Alteon Inc. (NASDAQ: ALTN) announced revenues of $6,200,000 and net income of $244,000, or $.02 per share for the fiscal year ended Dec. 31, 1991. This compares to revenues of $5,634,000 and net income of $177,000 or $.02 per share for the 1990 fiscal year.
 In the fourth quarter ended Dec. 31, 1991, Alteon reported revenues of $5,526,000 and net income of $3,549,000. Most of fourth quarter revenues resulted form a payment by Marion Merrell Dow Inc. in connection with the exercise of an option to expand an existing strategic alliance with Alteon to include Europe and other selected world markets.
 In December of 1990, Alteon and Marion Merrell Dow formed a strategic alliance to develop and joint market in North America Alteon's technology for therapeutics to treat the complications of diabetes and aging. In this connection, a payment similar to that recorded in 1991 was made and Alteon reported revenues of $5,138,000 and net income of $3,638,000 in the fourth quarter 1990.
 Alteon is engaged in the discovery and development of products for the detection and treatment of the complications of diabetes and aging. These products are designed to inhibit, reverse and measure damage to cells, tissues and organs caused by advanced glycosylation end-products (AGEs) formed as a result of glucose in the body's circulatory system.
 -0- 4/2/92
 /CONTACT: Charles A. Faden, president and CEO of Alteon, 201-784-1010, or Anthony J. Russo of Noonan/Russo Communications, 212-979-9180, for Alteon/
 (ALTN) CO: Alteon Inc. ST: New Jersey IN: MTC SU: ERN


SM-AH -- NY081 -- 4628 04/02/92 17:53 EST
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Publication:PR Newswire
Date:Apr 2, 1992
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