Biacore: Interim Report January - September 2004

UPPSALA, Sweden, Oct. 21, 2004 (PRIMEZONE) -- Biacore --

 -- Biacore's sales in the third quarter 2004 amounted to SEK 134.6
    million (105.7), an increase of 27%, mainly as a result of
    strong sales in Europe. For the first nine months of 2004,
    sales declined by 5% to SEK 337.2 million (354.7).

 -- Operating income was hit by one-off costs of approximately
    SEK 58 million related to the array technology write-down
    and to senior personnel departures including Ulf Jonsson,
    Biacore's former President and CEO.

 -- The net loss in the third quarter amounted to SEK 25.1 million
    (-45.5). For the nine-month period January-September 2004, the
    net loss was SEK 24.7 million (-11.1).

 -- The loss per share in the third quarter amounted to
    SEK 2.57 (-4.67). For the first nine months 2004, the loss per
    share was SEK 2.53 (-1.14).

 -- Strategic roll-out of the array technology confirmed following
    conclusion of the deal in October 2004 with AIST, a major
    Japanese research institute focused on proteomics.

 -- The fourth quarter income is expected to be reduced by one-off
    costs of approximately SEK 36 million related to actions from
    the Strategic Business Review, announced on October 4. The one-off
    costs in the third and fourth quarters are expected to lead to net
    savings in operating costs of approximately SEK 90 million per

 -- The outlook for the full-year 2004 is dominated by the one-off
    costs of approximately SEK 94 million, associated with the
    significant changes that are being made to the organization.
    As a result of these costs, Biacore expects to record a loss
    in 2004. Sales are likely to be lower than in 2003.
    Previously, Biacore had forecast that it did not expect sales
    and earnings per share for the full-year 2004 to reach the levels
    achieved in 2003.

 For further information, please contact:

 Erik Wallden, President and CEO, Phone +41 (0)79 769 4542
 Lars-Olov Forslund, CFO, Phone +41 (0)79 347 9900
 Jan Isoz, Investor Relations, Phone +46 (0)708 10 31 17

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