Medpharma plc agrees to further development with Biora AB

Medpharma plc agrees to further development with Biora Biora AB and Medpharma plc (UK) have reached a settlement concerning their dispute regarding their license agreement for development and commercialization of the Xerostomia (dry mouth) project. Medpharma has also committed to further developing with Biora, the Xerostomia product through phase II clinical trials. Biora AB has received $50,000 as a part payment for license fees due under the license agreement with Medpharma plc. Biora´s claim on Medpharma for license fees due still amounts to approximately USD 450,000, which Medpharma has agreed is payable by June 13, 2003. Dry mouth is a serious medical disorder. Biora and Medpharma are both committing their resources and expertise to rapidly develop a treatment to aid sufferers of this disorder. Biora develops manufactures and sells biotechnology-based products to dentists. Its principal product, Emdogain®Gel, which is approved for sale in Europe, North America and Japan among others, naturally regenerates tooth-supporting structure that the tooth has lost due to periodontitis. Biora's shares are listed on the "O-list" of the Stockholm Stock Exchange in Sweden. This press release may contain certain forward- looking statements that relate to future events or future business and financial performance. Such statements can only be predictions and the actual events or results may differ from those discussed. The Company cautions that these statements are subject to important factors that could cause actual results to differ materially from those expressed or implied in such forward looking statements and are more fully discussed in periodic reports filed with Securities and Exchange Commission. For further information, please contact: Svante Lundell, CFO and Investor Relations, Biora +46-70 532 30 56 Donna Janson, President and CEO of Biora, tel: +46- 40-32 12 28 ------------------------------------------------------------ This information was brought to you by Waymaker The following files are available for download: