Navigation Links
Unigene's 2011 Year in Review - Key Elements in Place to Address Debt in 2012
Date:12/19/2011

BOONTON, N.J., Dec. 19, 2011 /PRNewswire/ -- Unigene Laboratories, Inc. (OTCBB: UGNE) today highlighted its significant accomplishments in 2011 and announced that its management team has put key elements in place to begin addressing the capital structure and eliminating the inherited debt.  Unigene also reaffirmed that the Company's projected cash flow is expected to fund operations into the second half of 2012, following a corporate reorganization to better strategically align the Company's resources and ensure sufficient cash runway to complete business priorities next year.

Ashleigh Palmer, President and CEO, stated, "Recent announcements regarding the failure of Novartis' oral calcitonin program using Emisphere's drug delivery technology and GSK's internal decision to withdraw from advanced oral PTH development should not detract from the highly successful execution of Unigene's turnaround strategy launched just 12 months ago. Throughout 2011, we have put key elements in place to begin addressing the substantial debt we inherited from the Company's founding management. We have taken a strategically vulnerable company with a binary outcome that was exclusively dependent on calcitonin and fundamentally diversified and transformed it into an industry leading peptide development partner of choice.  When I took on this assignment less than 18 months ago, Unigene was at imminent risk of insolvency.  We have extended our cash runway into the second half of 2012, without raising a single dollar through discounted financing or taking on additional debt.  This management team has refused to be distracted by factors outside of its control and instead focused on rescuing and protecting the Company by addressing business fundamentals and executing on our promises.  We believe we are now well positioned to move forward and continue to offer our investors the prospect of multiple near-term opportunities by which we can restructure our
'/>"/>

SOURCE Tiberend Strategic Advisors, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8

Related biology technology :

1. Nucleic Acids Research Journal Publishes Sapphire Energy Peer-Reviewed Research Paper on a Chloroplast Genome From Green Algae
2. At RSNA, DR Systems Will Exhibit RIS, Reporting, Peer Review Systems
3. Amsterdam Molecular Therapeutics Provides Operations Update & Strategic Review of Pipeline
4. Regeneron Announces Review of Biologics License Application for EYLEA™ (aflibercept injection) Extended by Three Months by FDA
5. Chimerix and BARDA Reach Agreement Ending GAO Review of Smallpox Antiviral Contract
6. Cmed Technology to Preview New Innovations to Speed and Streamline Electronic Trials at DIA Conference
7. LifeVantages Nrf2 Activator Reviewed for Tumor Prevention and Suppression in New Peer-Reviewed Article
8. Soligenix Reports First Quarter 2011 Financial Results and Reviews Accomplishments
9. BioNeutral to Premier its EPA-Approved Ygiene® 206 Hospital-Grade Disinfectant at the Annual 2011 APIC Conference, While Community Health of South Florida Begins Product Review
10. Vermillion to Host Conference Call to Present Company Update and Review Financial Results for the First Quarter 2011
11. Generex Announces Publication of Comparative Peptide Vaccine Studies in Peer Review Journal Demonstrating Superiority of AE37 and Presentation at the American Association for Cancer Research
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/29/2015)... 2015  AACC, a global scientific and medical ... medicine, is pleased to announce that the impact ... has increased to 7.9 in the 2014 Thomson ... Clinical Chemistry in the top 3% of ... of the research it publishes on laboratory medicine ...
(Date:6/29/2015)... ... 29, 2015 , ... The StampedeCon 2015 Big Data Conference will ... in a row, will bring top technology professionals to St. Louis. Top industry speakers ... data and technology. The event is proudly sponsored by DataStax, Cisco, World Wide Technology, ...
(Date:6/26/2015)... , June 26, 2015  SeraCare Life Sciences, ... manufacturers, today announced that it has signed a ... National Cancer Institute (NCI), part of the National ... positive controls for cancer assays.  The CRADA will ... accurately quantitate control DNA biosynthetics spiked into a ...
(Date:6/26/2015)... June 26, 2015  A San Francisco company, Pembient, ... with synthetic rhino horn: beer in China ... . In response to the emerging industry, two ... and sale of synthetic rhino horn.  ... Save the Rhino International (SRI) released a ...
Breaking Biology Technology:AACC's Journal, Clinical Chemistry, Continues to Have Significant Impact on Medical Testing, Healthcare 2AACC's Journal, Clinical Chemistry, Continues to Have Significant Impact on Medical Testing, Healthcare 3StampedeCon Announces 2015 Agenda 2StampedeCon Announces 2015 Agenda 3SeraCare Life Sciences Signs CRADA with NCI to Advance Cancer Diagnostics 2SeraCare Life Sciences Signs CRADA with NCI to Advance Cancer Diagnostics 3Rhino Experts Oppose Synthetic Rhino Horn as Solution to Poaching Crisis 2
... of Infectious and Inflammatory ... Diseases and in Monitoring Iron Deficiency, MUNDELEIN, Ill., ... United States Food and Drug Administration (FDA) has,cleared Sysmex,s ... for use on the company,s,XT-Series(TM) Automated Hematology Analyzers for ...
... Mass., Oct. 30 RainDance Technologies, Inc.,a provider ... disease research, today announced that the J. Craig ... organization located in,Rockville, MD and La Jolla, CA, ... RDT 1000 instrument and Sequence Enrichment application., ...
... 30 BREAKING NEWS: Paige Padgett has,been selected as ... Annual,Environmental Media Awards on November 13th at The Ebell ... members., Blush, lipstick, eye shadow - check. Ecological ... "green" or eco-conscious often doesn,t,happen in the bathroom. Up ...
Cached Biology Technology:Sysmex America Set to Launch New XT-Series(TM) Parameters 2RainDance Technologies Delivers RDT 1000, Sequence Enrichment Solution to JCVI 2RainDance Technologies Delivers RDT 1000, Sequence Enrichment Solution to JCVI 3Green Makeup Artist Paige Padgett Says, 'Get Smart' 2
(Date:6/16/2015)...  With the increasing number and severity of data ... The recent compromise of Federal employee data from ... within government agencies. HYPR Corp. announced today ... authenticator, has been submitted for testing and approval of ... for tamper proofing. The proliferation of ...
(Date:6/15/2015)... DALLAS , June 16, 2015 ... Language Processing Market by Type (Rule-Based, Statistical, and Hybrid), ... Worldwide Forecast to 2020" published by MarketsandMarkets, The Natural ... Billion at a CAGR of 18.4% for the forecast ... Tables and   46 F igures spread   ...
(Date:6/12/2015)... , June 12, 2015  Securus Technologies, ... technology solutions for public safety, investigation, corrections and ... its patent to electronically capture, analyze and identify ... facial recognition methods. This system can: ... by an enrollment and subsequent sign-on process is ...
Breaking Biology News(10 mins):Government Ready Biometric Security Approaching as HYPR Corp. Files FIPS 140-2 Level 3 Validation for Its Proprietary Biometric Token 2Government Ready Biometric Security Approaching as HYPR Corp. Files FIPS 140-2 Level 3 Validation for Its Proprietary Biometric Token 3Natural Language Processing Market Worth $13.4 Billion by 2020 2Natural Language Processing Market Worth $13.4 Billion by 2020 3Natural Language Processing Market Worth $13.4 Billion by 2020 4Natural Language Processing Market Worth $13.4 Billion by 2020 5Securus Announces Patent Issued for Authorized Presence Verification During Video Visitation 2
... approaches to proteomics have recently been augmented with a ... researchers. A new methods book, Proteomics: Methods ... technologies and presents them in a way that allows ... Proteomics: Methods Express is an essential, comprehensive laboratory ...
... multi-institutional study led by Cincinnati Childrens Hospital Medical ... solid tumor cancers neuroblastoma and peripheral nerve ... instructions to inhibit tissue growth into an engineered ... February 15 Cancer Research. Malignant solid ...
... of a one-celled, planktonic marine organism, reported today ... already telling scientists about the evolutionary changes that ... multicellular animals like ourselves. In the Nature ... this week, University of California, Berkeley, biologists Nicole ...
Cached Biology News:Powerful yet reliable proteomics techniques are the focus of a new methods book 2Tumor-targeting viral therapy slows neuroblastoma, malignant peripheral nerve sheath tumors 2Genome of marine organism tells of humans' unicellular ancestors 2Genome of marine organism tells of humans' unicellular ancestors 3Genome of marine organism tells of humans' unicellular ancestors 4
Designed for use with any of the Agencourt kits in tube format....
Collected from animals that are 16 to 18 months old. Sterile, Cell culture tested, ID clarifier: USA Origin...
... two sets of glass plates, bar clamp, ... Special features of these units are:, safety ... buffer reservoirs , upper and lower reservoirs ... and safe disposal of buffer solutions , ...
... is a cytochrome P450 (CYP450) metabolite postulated ... renal and cerebral vasculature. In rat cerebral ... pressure-induced autoregulatory vasoconstriction. 20-HETE is excreted mainly ... free 20-HETE (20-40 pg/ml in human urine) ...
Biology Products: