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Biacore International AB

Lab instrument maker updates business, finance plan

Published in Healthcare Mergers, Acquisitions and Ventures Week, November 13th, 2004

Biacore International AB (BCOR) announced an update on the Strategic Business Review that was started following the company's second quarter results, which were released in July.

The proposed actions in the Strategic Business Review have been presented to the board of directors. In accordance with Swedish labor laws, final decisions will be made after negotiations with the trade unions. The board of directors has therefore instructed Erik Wallden, president and CEO, to carry out such negotiations.

The key conclusions from the Strategic Business Review are as follows:

1) The review has identified a number of growth opportunities...

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