Biolight International AB (publ) Financial report, September 30, 2001
Biolight International AB (publ) Financial report, September 30, 2001 Third quarter · New research results from the Karolinska Institutet show that effects of treatment with Biolight® can now be measured using molecular biology technology. The results indicate that six hours after treatment there is a significant increase in the activities of a number of genes, including genes coding for growth factors and collagen. · The new Biolight WCD, DCD and PCD equipments, which have all gained CE approval, have been tested in the market during the year. Test sales have begun and have aroused great interest during the third quarter. · Invoiced sales amounted to SEK 365 T (SEK 97 T). · During the third quarter, Biolight has signed distribution agreements for the business area Dental Care with the following companies: o TryCare Limited in the UK o Praktikertjänst in Sweden o Zuchowski Dental in Poland o Excal in Colombia · A study on tooth extraction has started up at the dental college in Göteborg. To date, 20 patients have been included. First six months · A controlled study on decubitus ulcers has been finalised during this period. The effect shown is considerable and statistically significant. The result is a decisive breakthrough for Biolight® Wound Care. · A market test has been conducted by a group of dentists and dental hygienists in private practice, and the result is positive. 10 participants out of 11 decided on buying the equipment. · During the period, the company has filed two 510(k) applications with the FDA regarding the areas Physiotherapeutic Care and Dental Care. · A manager for the business area Dental Care and a technical manager have been employed during the period. · Biolight® PCD (Physiotherapeutic Care Device) - a new device for the treatment and rehabilitation of sports injuries - gained CE approval in March, 2001. · In January, the company was granted another two patents in the USA. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/11/01/20011109BIT00600/bit0001.PDF The full report