Strategic acquisition of MedPointe Inc completed

Strategic acquisition of MedPointe Inc completed

•  Acquisition of MedPointe has now been completed.

  •  Meda enters the US market and becomes a world-class specialty pharma
company 
     with sales of around 9 billion SEK.

  •  Final purchase price of MedPointe was 5 229 MSEK.

On 20 July 2007, Meda announced that it had signed an agreement to acquire all
shares in MedPointe. This strategic acquisition has now been completed and
consolidation of MedPointe starts immediately. Meda plans to give further
information on the acquisition and its impact on Meda in the interim report for
the third quarter - to be released on 30 October 2007.

The final purchase price for MedPointe was 5 229 MSEK. This price consisted of
520 MUSD in cash and 17,5 million newly issued Meda shares. The cash component
of 520 MUSD was hedged at SEK/USD 6,74 and compared to the current exchange rate
this is equivalent to a positive effect of about 100 MSEK. The cash payment was
therefore 3 506 MSEK, an amount fully financed through an existing credit
facility. The book value of the newly issued shares was set to 98,50 SEK per
share. New shareholders in Meda are The Carlyle Group, The Cypress Group LLC,
and other US investors, who will have a combined shareholding in Meda of
approximately 7%.

The strategic acquisition of MedPointe will establish Meda as a world-class
specialty pharma company with full marketing coverage both in the US and Europe
and with revenues of around 9 billion SEK. The acquisition of MedPointe is
expected to be accretive to Meda's earnings per share at the latest during 2009.

MedPointe is a fast growing US-based specialty pharma company focused on two of
Meda's priority areas, Allergy / Respiratory and Pain. The product portfolios
are highly complementary. MedPointe's net sales in 2006 were 252 MUSD,
representing a 23% growth in local currency compared to previous year. Net sales
for the first half of 2007 amounted to around 145 MUSD, which, on an annualised
basis, is equivalent to a purchase price revenue multiple of around 2,6. On a
pro forma basis, Meda's US operation accounts for about 20% of annual sales.
Meda's pipeline which is open for the US market can now be commercialised in own
regimen through a wholly-owned subsidiary and thereby retaining 100% of the
value of the product assets. Likewise Meda, through its strong European
organisation, will be able to capitalise on product development opportunities
based on MedPointe's pipeline. The new transatlantic combination will enable
Meda to develop synergies both as to geographical markets and product
portfolios.


For more information, please contact:

Anders Larnholt, Investor Relations, tel. +46 8 630 19 62, +46 709 458 878

MEDA AB (publ) is an international specialty pharma company that concentrates on
marketing and market-adapted product development. Acquisitions and long-term
partnerships are fundamental factors that drive the company's strategy. Meda is
represented with own organisations 26 countries and with more than 1 500
employees within marketing and sales. Meda's products are sold in approximately
120 countries world-wide. The Meda share is listed under Large Cap on the OMX
Nordic Stock Exchange. Find out more, visit www.meda.se.