EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--Jan. 14, 2004--

                   Webcast is Live at 4:00 p.m. (CT)

SurModics, Inc. (Nasdaq:SRDX), a leading provider of surface modification coatings for medical devices, today announced that it will host a live Webcast of its fiscal 2004 first quarter conference call on Wednesday, January 21, at 4:00 p.m. CT. The Company will issue an earnings news release after the market closes that afternoon.

Dale Olseth, Chairman and Chief Executive Officer, Bruce Barclay, President and Chief Operating Officer, and Phil Ankeny, Vice President and Chief Financial Officer, will recap the first quarter financial results and accomplishments. To access the Webcast, go to the investor relations portion of the Company's Web site, www.surmodics.com, on the day of the conference call and click on the Webcast icon.

If you do not have access to the Internet and want to listen to an audio replay of the conference call, dial 800-405-2236 and enter conference call ID # 564438. The audio replay will be available beginning at 6:00 p.m. CT on Wednesday, January 21, until 5:00 p.m. CT on Wednesday, January 28. In addition, the conference call audio will be archived on the Company's Web site following the call.

About SurModics, Inc.

SurModics, Inc., a leading provider of surface modification technology, licenses its patented coating process to medical device manufacturers around the world. A significant portion of SurModics' revenue is generated through royalties on the sale of coated products. SurModics' Internet address is www.surmodics.com.

    CONTACT: SurModics, Inc., Eden Prairie
             Phil Ankeny, 952-829-2700

    SOURCE: SurModics, Inc.