Consolidated Statement of Operations (IFRS) – unaudited

     Note    Three Months
Ended
03/31/2010
€ 		   Three Months
Ended
03/31/2009
€ 		  
Revenues   2 20,565,380 19,134,502
Operating Expenses   2    
Cost of Goods Sold       1,728,501   1,663,498
Research and Development       9,311,518   8,483,600
Sales, General and Administrative       4,862,083   4,769,141
Total Operating Expenses       15,902,102   14,916,239
Profit from Operations       4,663,278   4,218,263
Finance Income       36,367   907,453
Finance Expense       4,440   1,230
Other Income       116,029   112,269
Other Expense       236,991   148,321
Profit before Taxes       4,574,243   5,088,434
Income Tax Expense       1,382,339   1,581,586
Net Profit       3,191,904   3,506,848
Basic Net Profit per Share       0.14   0.16
Diluted Net Profit per Share       0.14   0.16
Shares Used in Computing
Basic Net Profit per Share		       22,592,412   22,410,141
Shares Used in Computing
Diluted Net Profit per Share		       22,743,001   22,517,647

See accompanying notes to the Interim Consolidated Financial Statements