Medivir Q2 2003 -- Interim Report

Huddinge, SWEDEN

HUDDINGE, Sweden, July 9, 2003 (PRIMEZONE) -- Medivir: Interim Report, 1 January - 30 June 2003

- In May, Medivir reached a licensing agreement on MIV-210 with GlaxoSmithKline; EUR 6 m was received upon signing and up to EUR 86 m on the achievement on specific milestones, excluding royalties.

- CCS divested to the Segulah II L.P. investment fund as of 1 July 2003 for a price of SEK 210 m. This is a part of Medivir's strategy to fully focus on its R&D activities.

- Successes in the preclinical research have generated several new projects within areas with large need of therapies.

- Medivir's shares have been quoted on the Stockholm Exchange's Attract 40 list since 1 July.

- Profit after financial items was SEK -33.3 (4.3) m. Net sales stood at SEK 138.6 (165.5) m.

- CCS' net sales grew to SEK 85.6 (76.7) m. Profit after financial items was SEK 16.8 (9.6) m.

FOR MORE INFORMATION, PLEASE CONTACT: Rein Piir, CFO and VP IR, tel: +46 (0)70 853 7292


The Third-quarter Interim Report 2003 will be published on 23 October 2003.

Medivir's financial reports are available at its Website,, under the 'Financial Information' heading.

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The following files are available for download:

The full report

The full report