Medivir Interim Report, 1 January -- 30 September 2004

Medivir's major and rapid advances within hepatitis C research have resulted in one protease project reaching its preclinical optimization phase

Huddinge, SWEDEN

HUDDINGE, Sweden, Oct. 26, 2004 (PRIMEZONE) -- Medivir:

- In August, Medivir and Novartis resolved the partly overlapping patent issue on ME-609 (herpes) in the U.S.

- The collaboration between Medivir and Biovitrum in the diabetes segment, which began in July, is now fully up and running.

- Medivir's new rights issue was fully subscribed in June, raising the company SEK 322.5 m before deducting issue costs.

- Net sales amounted to SEK 18.4 m in the period (148.2 inc. CCS, 63.1 exc. CCS).

- The loss after tax was SEK -131.6 m (previous year: a profit of SEK 2.3 m for the group included gains from the divestiture of CCS, and SEK -0.9 m for the research operations also included these gains). Earnings per share were SEK -12.25 (0.27).


The Financial Statement will be published on 18 February 2005 The Three-month Interim Report will be published on 21 April 2005 The Annual General Meeting will be held on 21 April 2005, from 3 p.m.

Medivir's financial reports are available from its Website, from these dates, under the `Financial Information' heading.

The Medivir Group Medivir is an innovative, specialist research corporation that develops drugs with the objective of becoming a sustaining and profitable pharmaceuticals corporation. Medivir is located in Huddinge, Sweden and near Cambridge, UK. Medivir's research is oriented on developing new drug compounds based on polymerases and proteases as target enzymes. The group consists of Medivir AB, its subsidiary Medivir UK Ltd. and Medivir Personal AB. As of 30 September 2004, the group had 125 employees. Medivir was listed on the Stockholm Exchange O-list in 1996. Medivir's research portfolio includes projects against HIV, jaundice, shingles, cold sores, osteoporosis, RA (rheumatoid arthritis), asthma and MS (multiple sclerosis). Medivir has five projects in clinical development phases, each with a unique clinical profile. The company's broad-based preclinical research portfolio houses six defined projects and nearly ten activities in various preclinical phases.

Medivir AB (publ), Lunastigen 7, SE-141 44 Huddinge, Sweden, tel (switchboard): +46 (0)8 546 83100

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Rein Piir, CFO and VP, Investor Relations: +46 (0)70 853 7292