1、 KPMG LLP2000 McGill College AvenueTlphone (514)840-2100 Chartered Accountants Suite 1900Telefax (514)840-2187Montral(Qubec)H3A 3H8http:/www.kpmg.caAUDITORS REPORT TO THE SHAREHOLDERSWe have audited the consolidated balance sheets of ProMetic Life Sciences Inc.(formerlyInnovon Life Sciences Holdings
2、 Limited)as at December 31,1998 and 1997 and as atSeptember 30,1997 and the consolidated statements of income and deficit and changes in financialposition for each of the 12-month periods ended December 31,1998 and 1997,for the transition yearended December 31,1998 and for the year ended September 3
3、0,1997.These financial statementsare the responsibility of the Companys management.Our responsibility is to express an opinion onthese financial statements based on our audits.We conducted our audits in accordance with generally accepted auditing standards.Thosestandards require that we plan and per
4、form an audit to obtain reasonable assurance whether thefinancial statements are free of material misstatement.An audit includes examining,on a test basis,evidence supporting the amounts and disclosures in the financial statements.An audit also includesassessing the accounting principles used and si
5、gnificant estimates made by management,as well asevaluating the overall financial statement presentation.In our opinion,these consolidated financial statements present fairly,in all material respects,thefinancial position of the Company as at December 31,1998 and 1997 and as at September 30,1997and
6、the results of its operations and the changes in its financial position for the 12-month periodsended December 31,1998 and 1997,for the transition year ended December 31,1998 and for theyear ended September 30,1997 in accordance with generally accepted accounting principles.(signed)KPMG LLPChartered