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Stonegate Report About Unigene Laboratories Inc.

ZURICH, Switzerland and FAIRFIELD, New Jersey, March 13 /PRNewswire-FirstCall/ -- "The new Stonegate Report about Unigene confirms that we are uniquely positioned as the only biopharma company that manufactures peptides by recombinant techniques, while also having oral and nasal delivery systems to administer the peptides. Since the launch of "Fortical" in 2005 with partner Upsher-Smith Laboratories, "Fortical" has captured a near dominant 49% market share of the U.S. nasal calcitonin market that is estimated to be in the $200 million range."

Stonegate Securities, Inc. Unigene Laboratories Inc. (WKN 875852, ISIN US9047531002, UUL, OTCBB: UGNE)

Price $1.80

52-Week Range $1.50 - $2.70

Market Capitalization 157,952,000

Enterprise Value 166,734,000

Primary Shares Outstanding 87,751,000

Float 83,190,000

Insider Ownership 5%

Institutional Ownership 15%

Daily Volume (3-Month Avg.) 94,000

Industry Biopharmaceuticals


Corporate Headquarters Fairfield, NJ

Company Description

Unigene is a biopharmaceutical company that focuses on the research, production and delivery of therapeutic peptides. Its initial focus is on salmon calcitonin (sCT) and other peptides for the treatment of chronic bone and joint disorders. Unigene received FDA approval for Fortical(R), a sCT-based product that addresses the osteoporosis market, in 2005. Upsher-Smith Laboratories licensed the rights to Fortical(R). In addition, Unigene has developed a patented manufacturing process for the efficient production of peptides and patented technologies for the oral and nasal delivery of peptides. The Company has also licensed the worldwide rights

SOURCE Unigene Laboratories Inc.
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