UPPSALA, Sweden, Nov. 3, 2004 (PRIMEZONE) -- Q-Med:
-- Turnover rose by 37 percent during the first nine months of
the year to SEK 585.5 (427.8) million.
-- Operating income amounted to SEK 365.5 (452) million.
-- Operating income adjusted for one-time revenues and one-time
expenses amounted to SEK 34.6 (-10.2) million for the nine-month
period.
-- Net income after tax amounted to SEK 316.0 (457.1) million for
the period.
-- Earnings per share amounted to SEK 12.74 (18.42).
-- Continued good growth for Esthetics and Hospital Healthcare.
-- A first payment of USD 30 million concerning RESTYLANE SubQ in
the USA and Canada was received from Medicis in July.
-- The one-year study into stress urinary incontinence is creating
increased interest for treatment with ZUIDEX.
-- DUROLANE has been approved for reimbursement through the social
insurance system in France.
Q-Med is a rapidly growing and profitable biotechnology/medical device company that develops, produces and markets medical implants. All products are based on the company's patented NASHA technology -- Non-Animal Stabilized Hyaluronic Acid. The products covered by the RESTYLANE trademark are used for the filling out of lips and facial wrinkles and for facial contouring and today account for the majority of sales. RESTYLANE is sold in over 70 countries and has been approved in the USA. DUROLANE, Q-Med's product for the treatment of osteoarthritis of the hip and knee joints, has been approved in Europe since May 2001. DEFLUX is a product which has been approved in Europe and the USA for the treatment of vesicoureteral reflux (malformation of the urinary bladder) in children. ZUIDEX for the treatment of stress urinary incontinence in women has been sold in Europe since July 2002. Q-Med today has approximately 500 employees, with approximately 320 at the company's production facility and head office in Uppsala. The Q-Med share is listed on the Attract 40 list of the Stockholm Stock Exchange.
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