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Unigene Reports Third Quarter 2011 Financial Results
Date:11/9/2011

located facility expenses

883,617773,9942,482,7902,338,574Inventory reserve

------576,021Loss on sale of patents

824,241--824,241--Severance and other related expense

----349,9801,120,0006,568,1324,690,47717,867,02716,053,538Operating loss

(3,139,449)(1,834,088)(9,843,483)(7,636,334)Other income (expense):Loss on change in fair value of embedded conversion feature

------(8,125,000)Debt issuance cost

------(2,007,534)Interest and other income

11,05231,55162,10651,123Interest expense

(2,861,773)(2,621,071)(8,395,849)(6,739,557)(Loss) gain from investment in former China joint venture

--40,051(1,375,926)123,881Loss from investment in Tarsa

(1,301,143)--(2,819,143)--Loss before income taxes

(7,291,313)(4,383,557)(22,372,295)(24,333,421)Income tax benefit from sale of state tax benefit

------359,357Net loss

$  (7,291,313)$(4,383,557)$  (22,372,295)$(23,974,064)Loss per share – basic and diluted:Net loss per share

$  (0.08)$(0.05)$  (0.24)$(0.26)Weighted average number of shares outstanding -basic and diluted

92,910,23892,085,58492,636,69291,895,038
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SOURCE Unigene Laboratories, Inc.
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