Biacore Receives USD 2 million in Damages from Thermo BioAnalysis Corp

Biacore Receives USD 2 million in Damages from Thermo BioAnalysis Corp Damages paid for infringement of Biacore US patent position Uppsala, Sweden, 6 June 2002. Biacore International AB (Biacore) (SSE: BCOR; Nasdaq: BCOR) today announced that it has received a USD 2 million payment from Thermo BioAnalysis Corp (Thermo) as damages for infringing Biacore's surface chemistry patent (U.S. patent no. 5,436,161). The amount, which was awarded to Biacore in April 2001 by the U.S. District Court for the District of Delaware, was calculated based on a royalty rate of 40% of the sales price of each IAsys biosensor system sold by Thermo since July 25, 1995, plus interest. Dr Ulf Jönsson, the CEO of Biacore International AB commenting on today's announcement said "We are very pleased to receive this award. Our patent portfolio is a key element in Biacore's success and this payment following the U.S. District Court's ruling last year reinforces the value of the time and effort we have invested in building our intellectual property position." Background On December 30, 1999, the U.S. District Court for the District of Delaware announced its decision in the patent dispute between Biacore and Thermo. The Court decided in Biacore's favor, holding that Biacore's patent was valid and that the patent had been infringed by Thermo's Affinity Sensors unit. On April 23, 2001, the Court issued a permanent injunction and awarded Biacore a 40% royalty. The Court of Appeals for the Federal Circuit affirmed the District Court's decision in March 2002. Cautionary Statement This press release contains certain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, which, by their nature, involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. About Biacore Biacore is a global market leader in Surface Plasmon Resonance (SPR) based technology with its own sales operations in the U.S., across Europe, in Japan, Australia and New Zealand. The technology is protected by a strong patent portfolio. Target groups consist primarily of medical and life science research laboratories and pharmaceutical and biotechnology companies all over the world. Biacore focuses on drug discovery and development as the prime areas for future growth. The Company currently has seven systems on the market, the most important commercially are: Biacore®S51 for applications downstream of high- throughput screening (HTS) including rapid characterization of HTS hits and comprehensive pre-clinical evaluation of lead compounds and Biacore®3000, which offers specific application in drug discovery upstream of HTS. Biacore®C is specifically designed for compliant concentration analysis of biopharmaceuticals in GLP/GMP applications. A new SPR array system is currently under development [REMOVED GRAPHICS] Based in Uppsala, Sweden, the Company is listed on Stockholmsbörsen and Nasdaq in the U.S. In 2001 the Company had sales of SEK 544 million and an operating income of SEK 64 million. Further information on Biacore can be found on the web: www.biacore.com Address and phone: Biacore International AB Rapsgatan 7, SE-754 50 Uppsala, SWEDEN Phone: +46 (0)18-67 57 00 Fax: +46 (0)18-15 01 10 e-mail: info@biacore.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/06/06/20020606BIT00760/wkr0001.doc http://www.waymaker.net/bitonline/2002/06/06/20020606BIT00760/wkr0002.pdf