Biacore Announces Senior Management Change

UPPSALA, Sweden, Nov. 16, 2004 (PRIMEZONE) -- Biacore International AB (Biacore) (SSE: BCOR) announces today that, with regret, it has accepted the resignation of Paul James, Senior Vice President of Commercial Operations. Paul's unexpected decision to resign from Biacore is due to personal family reasons.

Biacore has initiated the search for a new Senior Vice President of Commercial Operations, a position that combines global responsibility for sales, product management and marketing. The Company anticipates appointing an experienced individual with strong commercial knowledge of the global life science sector to this position in the early part of 2005. Until a new appointment is made Erik Wallden, Biacore's President and CEO will assume direct responsibility of all of the Company's commercial operations.

Erik Wallden, Biacore's President and CEO said: `` I would like to thank Paul for his contribution to Biacore, particularly the important role he played in the recent Strategic Business Review and his rebuilding of our sales capability in Europe. Looking ahead, I believe that the recent changes that we have made to the Company's strategy, management and operational structure have put us in an excellent position to move forward. I am confident that with the strong team that we already have in place, allied to the planned recruitment of a new senior commercial professional, we will achieve our goals of returning to profitability in 2005."

About Biacore

Biacore is a global supplier of analytical systems that improve the productivity of research and development in the life science and pharmaceutical markets. The company's instruments generate unique data on protein interactions, an area of increasing focus in these markets. The data give insights into protein functionality, the role of proteins in normal and diseased states, and the influence of potential drug candidates.

Use of Biacore products is well documented in key areas such as antibody characterization, proteomics, lead optimization and bio-therapeutic development and production. Customers include world-renowned life science research centers, all of the leading global pharmaceutical companies and a large number of companies in the emerging biotechnology sector. Biacore is successfully expanding into the food analysis market, providing key manufacturers with ready-to-use solutions for the determination of food quality and safety.

The company offers a range of products to meet specific customer needs. All instruments utilize Surface Plasmon Resonance (SPR) technology as the basis for detection and monitoring of protein interactions. Biacore has its own direct sales capability in the world's key markets, United States, Europe, Japan, Australia and a distribution network in Asia-Pacific. The company was created in 1984, is based in Uppsala, Sweden, and is listed on the Stockholm Stock Exchange (SSE:BCOR).

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 Erik Wallden, President and CEO
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