ULURU Inc. Reports Third Quarter 20...(manufacturing equipment for commercialsc...),Health

Date:11/13/2007

manufacturing equipment for commercial scale-up of our OraDisc(TM) products, the $350,000 payment in April 2007 of our original asset purchase obligation, and the net cash used for operations of approximately $1,159,000. These net cash decreases were partially offset by proceeds of $390,000 from the exercise of warrants and stock options.

Commenting on the quarterly results, Kerry P. Gray, President and CEO stated, "Our loss from operations was in line with our expectations despite our royalty revenue being below forecast. Our expenses are increasing as we expand our commercial infrastructure in preparation for the launch of our first wound dressing. Additionally, we are also expanding our scientific capabilities to support current product developments along with products being developed in conjunction with our development partners. We anticipate that these expense increases will be offset by licensing revenues from existing agreements and new agreements being negotiated."

About ULURU Inc.:

ULURU Inc. is an emerging specialty pharmaceutical company focused on the development of a portfolio of wound management, plastic surgery and oral care products to provide patients and consumers improved clinical outcomes through controlled delivery utilizing its innovative transmucosal delivery system and Hydrogel Nanoparticle Aggregate technology. For further information about ULURU Inc., please visit our website at http://www.uluruinc.com.

This press release contains certain statements that are forward-looking within the meaning of Section 27a of the Securities Act of 1933, as amended, including but not limited to statements made relating) relating to future financial performance of ULURU Inc. (the "Company"), the expected launch of our wound dressing product and our expectation that our licensing fees will increase and offset increased expenses. When used in this press release, the words "may," "targ
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SOURCE ULURU Inc. Copyright©2007 PR Newswire. All rights reserved

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