CLOSURE MEDICAL CORPORATION
              COMPUTATION OF PRO FORMA NET INCOME (LOSS) PER SHARE
                                   (Unaudited)
                      (In thousands, except per share data)

 
                                                                        Three Months Ended                Six Months Ended
                                                                    June 30,          June 30,        June 30,         June 30,
                                                                      1998              1997            1998             1997
                                                                    --------          --------        --------         -------   
Weighted average common shares
 outstanding for the period                                           13,264            13,186          13,258           12,701
                                                                   --------           -------         -------           ------  
Shares used in computing net income (loss) per share                 13,264             13,186          13,258           12,701
                                                                   ========           =======         =======          =======  
Net income (loss)                                                  $ (2,320)          $(1,699)        $(4,276)          (3,195)
                                                                   ========           =======         =======          =======
Net income (loss) per share                                        $  (0.17)          $ (0.13)        $ (0.32)          $(0.25)
                                                                   ========           =======         =======          =======