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ULURU Inc. Reports First Quarter 2009 Financial Results
Date:5/15/2009

strategic importance of creating a larger company with an established revenue base will enable ULURU to accelerate growth and position us to build shareholder value."

Operating Results

Revenue for the first quarter of 2009 was $169,000, compared to $256,000 for the first quarter of 2008. The decrease of approximately $87,000 in revenue from the first quarter of 2008 compared to the first quarter of 2009 was due to a $166,000 product order in 2008 for Aphthasol(R) that did not reoccur in 2009. This revenue decrease was partially offset by increases of $32,000 in Altrazeal product sales, $32,000 in sponsored research, $11,000 in OraDisc(TM) related licensing fees, and $4,000 in Zindaclin(R) royalties.

Research and development expenses for the first quarter of 2009 were $775,000, including $42,000 in share-based compensation, compared to $875,000, including $36,000 in share-based compensation, for the first quarter of 2008. The decrease of approximately $100,000 in research and development expenses was primarily due to lower development costs of $169,000 associated with our Altrazeal(TM) related wound care products and decreased costs of $10,000 associated with the clinical studies for Altrazeal(TM) and Altrazeal(TM) Silver. These decreases were partially offset by an increase in regulatory expenses of $88,000 associated with consultants engaged for our regulatory filings for Altrazeal(TM) related products.

Selling, general and administrative expenses for the first quarter of 2009 were $2.2 million, including $759,000 in share-based compensation, compared to $0.9 million, including $172,000 in share-based compensation, for the first quarter of 2008. The increase of approximately $1.3 million in selling, general and administrative expenses in 2009 was primarily due to costs associated with our sales and marketing efforts of approximately $600,000, distribution services of approximately $120,00
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SOURCE ULURU Inc.
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Related medicine news :

1. ULURU Inc. Announces Conference Call to Discuss Financial Results for the First Quarter Ended March 31, 2009 and to Provide a Business Update
2. ULURU Inc. Announces Altrazeal(TM) Clinical Experience Published in the International Wound Journal
3. ULURU Inc. Signs Offer Letter to Acquire York Pharma plc
4. ULURU Inc. (ULURU) Dealing Disclosure Requirements
5. ULURU Inc. Reports Financial Results for Fourth Quarter and Year Ended December 31, 2008
6. ULURU Inc. Announces Conference Call to Discuss Financial Results for the Fourth Quarter and Year Ended December 31, 2008 and to Provide a Business Update
7. ULURU Inc. Announces Appointment of Jeffrey A. Niezgoda, M.D., as Chairman of Scientific Advisory Board
8. ULURU Inc. Announces Senior Management Change
9. ULURU Inc. Announces Conference Call to Discuss Financial Results for the Third Quarter Ended September 30, 2008 and to Provide a Business Update
10. ULURU Inc. Announces the Launch of the Altrazeal(TM) Website
11. ULURU Inc. Hosts Symposium on Altrazeal(TM) at the 23rd Annual Clinical Symposium on Advances in Skin & Wound Care
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