Message #19 From:
NewsBot Date: August 11, 2006 04:00:00 AM
UGNE News Unigene Named Ninth Fastest Growing Technology Company in New Jersey in Deloitte's Technology Fast 50 Program
FAIRFIELD, N.J.--(BUSINESS WIRE)--Aug. 11, 2006--Unigene Laboratories, Inc. (OTCBB: UGNE) has been named to Deloitte's prestigious Technology Fast 50 Program for New Jersey. It was ranked ninth out of the 50 fastest growing technology, media, telecommunications and life sciences companies in the area by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage revenue growth over five years, from 2001 to 2005. Unigene's revenues increased from $865,000 in 2001 to $14,276,000 in 2005, representing a five-year growth of 1,550%.
"We are pleased to be recognized as one of the fastest growing technology companies in New Jersey," commented Dr. Warren Levy, President and CEO of Unigene. "We thank our employees for their dedicated efforts which have allowed us to achieve this level of growth."
"Deloitte's New Jersey Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today's very competitive technology environment," said Paul Mlynarski, a Partner at Deloitte Tax LLP and Chairperson of Deloitte's New Jersey Technology Fast 50 Program. "We applaud the successes of Unigene and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years."
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
About Unigene
Unigene Laboratories, Inc. is a biopharmaceutical company focusing on the oral and nasal delivery of large-market peptide drugs. Due to the size of the worldwide osteoporosis market, Unigene is targeting its initial efforts on developing calcitonin and PTH-based therapies. Fortical(R), Unigene's nasal calcitonin product for the treatment of postmenopausal osteoporosis, received FDA approval and was launched in August 2005. Unigene has licensed the U.S. rights for Fortical to Upsher-Smith Laboratories, worldwide rights for its oral PTH technology to GlaxoSmithKline and worldwide rights for its calcitonin manufacturing technology to Novartis. Unigene's patented oral delivery technology has successfully delivered, in preclinical and/or clinical trials, various peptides including calcitonin, PTH and insulin. Unigene's patented manufacturing technology is designed to cost-effectively produce peptides in quantities sufficient to support their worldwide commercialization as oral or nasal therapeutics. For more information about Unigene, call (973) 882-0860 or visit www.unigene.com. For information about Fortical, visit www.fortical.com.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names of "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
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