Navigation Links
ULURU Inc. to Raise $500,000 in Registered Direct Offering
Date:1/4/2011

ADDISON, Texas, Jan. 4, 2011 /PRNewswire/ -- ULURU Inc. (NYSE Amex: ULU), a specialty pharmaceutical company focused on the development of a portfolio of wound management and oral care products, today announced it has entered into a definitive agreement to sell 5,000,000 shares of its common stock at a price per share of $0.10 pursuant to a registered direct offering to an institutional investor, resulting in gross proceeds of approximately $500,000.

The investor will also receive a warrant to purchase up to 1,750,000 shares of ULURU Inc.'s common stock. The warrants have an exercise price of $0.102 per share and are exercisable at any time on or after six months from the closing date and for a period of five years thereafter.

The closing of the offering is expected to take place on or before January 10, 2011, subject to the satisfaction of customary closing conditions.  ULURU Inc. plans to use the net proceeds from the offering for research and development and general corporate purposes.

Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc. (NasdaqGM: RODM), acted as the exclusive placement agent for this transaction.

The shares and warrants in this offering are being issued under a shelf registration statement declared effective by the Securities and Exchange Commission (the "SEC") on July 23, 2009.  A prospectus supplement related to the public offering will be filed with the SEC.  Copies of the final prospectus supplement and accompanying prospectus relating to the offering may be obtained from Rodman & Renshaw, LLC, 1251 Avenue of the Americas 20th Floor, New York, NY 10020 or by calling (212) 356-0549.  An electronic copy of the prospectus is also available on the SEC's website at http://www.sec.gov.

About ULURU Inc.:ULURU Inc. is a specialty pharmaceutical company focused on the development of a portfolio of wound management and oral care products to provide patients and consumers improved clinical outcomes through controlled delivery utilizing its innovative Nanoflex™ Aggregate technology and OraDisc™ transmucosal delivery system.  For further information about ULURU Inc., please visit our website at www.ULURUinc.com.  For further information about Altrazeal®, please visit www.Altrazeal.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 to the anticipated closing of the transaction and the Company's products. These statements are subject to numerous risks and uncertainties, including but not limited to ULURU's lack of profitability, the need for additional capital to operate its business, and to risk factors detailed in the Company's Annual Report on Form 10-K for the year ended December 31, 2009, and other reports filed by us with the Securities and Exchange Commission.Contact: CompanyKerry P. GrayPresident & CEO Terry K. WallbergVice President & CFO(214) 905-5145
'/>"/>

SOURCE ULURU Inc.
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. ULURU Inc. Reports Third Quarter 2010 Financial Results
2. ULURU Inc. Provides Altrazeal® Clinical Update
3. ULURU Inc. Announces Conference Call
4. ULURU Inc. Reports Second Quarter 2010 Financial Results
5. ULURU Inc. Invited to Present Altrazeal(TM) Research at 10th Annual Wound Healing Science and Industry Conference
6. ULURU Inc. Obtains Status of Approved Supplier With McKesson.
7. ULURU Inc. Announces Conference Call to Discuss Financial Results for the Third Quarter Ended September 30, 2009 and to Provide a Business Update
8. ULURU Inc. to Present Altrazeal(TM) Clinical Evidence and Advanced Therapeutic Research at the Diabetic Foot Global Conference (DFCon) 2009
9. ULURU Inc. Announces the Commencement of First Clinical Study Using Altrazeal(TM) Silver
10. U.S. FDA Approves Second Bayer Oral Contraceptive That Also Raises Folate Levels
11. WaferGen Announces $7 Million Capital Raise -- $5 Million Equity Private Placement Agreement Signed, and $2 Million Credit Facility Closed
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/29/2016)... , April 29, 2016 ... Review, H1 2016" market research report that provides ... with comparative analysis at various stages, therapeutics assessment ... of administration (RoA) and molecule type, along with ... It also reviews key players involved in the ...
(Date:4/29/2016)... April 29, 2016 Glycotope GmbH, ... today announces the appointment of Dr. Alfredo Zurlo ... is an oncologist with many years clinical experience and ... industries. His last role was at Mologen AG where ... Executive Board. Previously Dr. Zurlo held various positions at ...
(Date:4/28/2016)... April 28, 2016  While Abbott,s announced purchase ... company,s valve repair and stent business, healthcare research ... Abbott more firmly into patient monitoring.  Kalorama said ... growing device areas, with double-digit growth expected the ... Advanced Remote Patient Monitoring . Abbott ...
Breaking Medicine Technology:
(Date:5/2/2016)... ... May 02, 2016 , ... Pregnancy Awareness Month offers a ... conceive. , “If you are ready to have a baby, it’s best ... book, HealthChequesTM: Journal Babies is your Personal Conception & Pregnancy Organizer, written for women ...
(Date:5/2/2016)... ... May 02, 2016 , ... ... EVP and GM Jim Callandrillo and Duane Reed, VP of business development ... Pharmaceutical Business Intelligence and Research Group (PBIRG) General Meeting from May 15-17 ...
(Date:5/2/2016)... ... May 02, 2016 , ... For many artists, the act of ... has developed it into a science. , Using the new, highly precise METTLER ... shades that add depth and meaning to his works. What’s more, it has allowed ...
(Date:5/2/2016)... ... May 02, 2016 , ... Summit BHC (Summit), ... opening of Twin Lakes Recovery Center. Located east of Atlanta in Monroe, ... The residential facility is set on 34 acres of beautiful, secluded property ...
(Date:5/1/2016)... ... May 02, 2016 , ... ... original 1968 Jimi Hendrix Merriweather Post Pavilion in Columbia, Maryland concert posters. Dail ... poster. The concert was held on August 16. According to Hawley, “The Pavilion ...
Breaking Medicine News(10 mins):