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2006 Press Releases |
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5/4/06: ULURU
Inc. Announces Strategic Joint Development Agreement With
BioProgress plc. |
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Dallas, Texas, May
4, 2006, ULURU INC. (“ULURU”) (OTC Bulletin Board: ULURE)
today announced that it has signed a joint strategic
development agreement with the specialty pharmaceutical and
healthcare company, BioProgress plc (NASDAQ: BPRG). The
companies will initially work together to develop an
anti-emetic product for the relief of nausea, using a
combination of BioProgress’ film technology and ULURU’s
Oradisc™ drug delivery technology. This relationship will
then go on to develop further therapeutic products. |
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ULURU is 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. ULURU’s OraDisc™ technology is an innovative
erodible film technology that sticks to mucous membranes
that allows sustained release of actives into the systemic
circulation over a period of several hours. |
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The new products
are expected to resemble BioProgress’ in-the-mouth range of
films strips, which dissolve instantly, releasing the
embedded active ingredients. However, by adding the Oradisc™
technology to these films, the resulting products will not
only be fast acting, but will also offer sustained release
of actives over several hours. These new products will
therefore have properties that neither technology could
achieve on its own. |
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Patients with
nausea are often unable to take tablets effectively, so an
in-the-mouth instant release anti-emetic offers a good
solution to treat acute nausea and the OraDisc™ technology
provides a longer term solution to the problem. This is a
therapeutic area with a large unmet need. BioProgress have a
large amount of in-house expertise in this area and ULURU
has significant experience in the development of film
technology through FDA approval. |
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Richard
Trevillion, CEO of BioProgress, said: "We are delighted to
be entering a strategic partnership with ULURU. The
technologies from both companies are complimentary and can
work in combination to create products with both instant
release and sustained release characteristics. This approach
has the potential to create real therapeutic value and
enhance the effectiveness of medicines." |
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Kerry Gray,
President and CEO of ULURU Inc. stated, “This partnership is
exciting for both companies as we can access the development
strengths and resources of both groups. Our ability to
combine instant release with sustained delivery over an
extended period has the potential to create considerable
value. We will be applying proven technologies to existing
medicines with the objective of dramatically improving the
resultant profile." |
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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. |
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BioProgress plc is an innovative
specialty pharmaceutical and healthcare business based
around its platform technologies in polymer and film
systems. Listed on London’s AIM in May 2003 and on US NASDAQ
in October 2004, the company has over 80 patents granted or
in application within 24 patent families and has product
development agreements and strategic alliances with several
global companies. As a virtually integrated business,
BioProgress has acquired sales and marketing resources
within Europe and the US as a launch mechanism for its own
pharmaceutical products. The business continues to develop
innovative delivery mechanisms using its XGEL™ polymer
technology, replacing the need to use animal-derived
gelatine in pharmaceutical and healthcare products. For
further information please go to
www.bioprogress.com. |
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This press
release contains certain statements that are forward-looking
within the meaning of Section 27a of the Securities Act of
1933, as amended, and that involve risks, and uncertainties,
including but not limited to statements made relating to the
establishment of a sales and marketing organization, the
marketing of three additional products and the achievement
of a listing on NASDAQ or an exchange. These statements are
subject to numerous risks, including but not limited to the
risks detailed in the Company's Annual Report on Form 10-K,
for the year ended December 31, 2004, Quarterly Report on
Form 10-Q for the quarter ended September 30, 2005 and other
reports filed by us with the Securities and Exchange
Commission. |
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Contact Company:
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Kerry P. Gray
President and CEO |
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Terry K. Wallberg
Chief Financial Officer
(214) 905-5145 |
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(Back
to 2006 Press Releases) |
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