Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
ULURU Inc. Signs Cooperation Agreement For Japan
Jun 02, 2016
OTC Disclosure & News Service
-
ULURU Inc. Signs Cooperation Agreement For Japan
PR Newswire
ADDISON, Texas, June 2, 2016
ADDISON, Texas, June 2, 2016 /PRNewswire/ -- ULURU Inc. (OTCQB: ULUR), a specialty pharmaceutical company focused on the development and commercialization of a portfolio of wound care and wound management products utilizing its innovative Nanoflex® Aggregate technology, and mucoadhesive drug delivery film products to provide improved clinical outcomes through controlled delivery of active molecules utilizing its OraDisc™ transmucosal delivery system, is pleased to provide an update on the Company's corporate and business operational activities.
Expanded Distribution Network
ULURU Inc. has entered into a cooperation agreement with Saraya Co. Ltd. ("Saraya") for the registration of Altrazeal® and further cooperation in Japan. Saraya is a leading company engaged in the development, manufacture, distribution, and sales of a variety of human health, sanitation, hygiene products, and related equipment not only in Japan but all over the world.
"Saraya is a great partner for the registration of our product Altrazeal® in Japan," commented Helmut Kerschbaumer, Uluru's interim Chief Executive Officer. "Saraya has an excellent market reputation and a large sales force focused on the medical community." Product registration will commence immediately and the Company is hopeful that the registration process will be completed by year-end 2017 although regulatory approval can be unpredictable. Mr. Kerschbaumer continued, "The commencement of registration of Altrazeal® in Japan now brings the total number of markets in the process of registration to 38, which includes certain countries in Asia, the Middle East, and Latin America. This, coincidentally, is also the number of markets (38) in which Altrazeal® is already registered, including the United States and countries throughout the European Union."
Regarding the cooperation agreement, Saraya commented, "It is our great pleasure to have a business relationship with ULURU Inc. and their innovative wound care product Altrazeal®. We look forward to the future development through collaboration between us."
About Saraya Co. Ltd.
Since its establishment in 1952, Saraya (based in Osaka, Japan) has focused on three related themes - "Hygiene", "Environment" and "Health" - and aimed at the realization of richer and more productive world. Today Saraya, with more than 1,700 employees and about 50 domestic sales offices, is a market leader in the healthcare and sanitation industry. In recent years, through fundamental research and other innovation initiatives, Saraya has extended its scope of activities and developed a range of skin care products and disinfectants, among others. For further information about Saraya Co., Ltd., please visit our website at http://worldwide.saraya.com/.
About ULURU Inc.:
ULURU Inc. is a specialty pharmaceutical company focused on the development and commercialization of a portfolio of wound care and wound management products utilizing its innovative Nanoflex® Aggregate technology, and mucoadhesive drug delivery film products to provide patients and consumers improved clinical outcomes through controlled delivery of active molecules utilizing its innovative 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.
ULURU Inc. (OTCQB: ULUR) trades on the OTCQB Venture stage marketplace for early stage and developing U.S. and international companies. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the company on www.otcmarkets.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. These statements are subject to numerous risks and uncertainties, including but not limited to the risk that we will not be able to successfully manage our distribution relationships, that we will be successful in registering and receiving regulatory authorizations in new territories, and the risk factors detailed in the Company's Annual Report on Form 10-K for the year ended December 31, 2015, and other reports filed by us with the Securities and Exchange Commission.
Contact: Company
Helmut Kerschbaumer
Interim President & CEO
Terrance K. Wallberg
Vice President & CFO
(214) 905-5145
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/uluru-inc-signs-cooperation-agreement-for-japan-300279058.html
After a r/s these guys continue a long battle of learning how to be a public company at the expense of shareholders
I expect a bounce here.
Ironridge Global Partners, LLC: Filling The Gap For Small-Cap Companies
http://seekingalpha.com/instablog/488009-david-kugelman/3411545-ironridge-global-partners-llc-filling-the-gap-for-small-cap-companies
"Similarly, shares of Uluru, Inc. (OTCQB:ULUR) have more than doubled since Ironridge did its deal with the company. Ironridge Global is still a common stockholder of every portfolio company it has invested in since inception."
Does anyone know how much longer until ULU goes back to regular trading???
Your post from a year ago was brilliant to say the least! Are you still in? Look at the 1 year chart
http://www.otcmarkets.com/stock/ULUR/chart
Amazing run
had to buy some ULUR... this is a powerhouse
Uhhmmm she just gave me the shock @$1.20
2014 Could Be Breakout Year For ULURU, Inc.
http://seekingalpha.com/article/1845882-2014-could-be-breakout-year-for-uluru-inc
This has been FDA approved since 2008, so where is the demand? What's marketing been doing?
With only $84K, they have to do financing soon too.
Ripping up as coverage initiated with a $2.50 highside PT.
ULUR .68 ask ok see .95 maybe before summer?
Yikes 20% yesterday and noth'r 30% today!
Nice buy ya still in?
ULUR .60 HOD .975 and it gets intere4sting!
ULUR up from mid .30's to mid .50's cause a guttersnipe bite!
ULUR ok up 20%, slew of add-on's .
Yikes his brother matched him?
ULUR some small guttersnipe has conviction last couple of days?
I hope I never have to use their product, but it looks promising.
yea I remember this POS...worst example of a PO Bounce Play that I can remember lol
Two weeks prior they had closed their $0.40 PO offering...dassit
What's up? Poped up on my Fidelity stock screener.
I'm glad to see I found a gem. After reading up about Altrazeal, I can't believe how much potential for profit there is. I have a friend with diabetic foot ulcers and he was saying that a Major increase in mortality among diabetic patients is considered to be due to the development of macro and micro vascular complications, including failure of the wound healing process. Diabetic foot ulcers apparently occur in 15% of all who suffer from diabetes. This product would help so many people who suffer from this problem!!!!! Why is the stock so cheap?
I wish I had crystal ball...
ULURU Inc. Reports Financial Results For Fourth Quarter And Year Ending December 31, 2012
8:00 AM ET 4/1/13 | PR Newswire
ULURU Inc. (OTCQB: ULUR) today announced its financial results for the fourth quarter and year ended December 31, 2012 and provided a review of its operating activities.
Significant progress has been made over the past 12 months, including:
-- Securing the necessary financing, on favorable terms, to execute our business plan;
-- Significantly expanding the international commercialization activities for Altrazeal® including launching the product in Austria and Australia;
-- Expansion of key opinion leader support for Altrazeal® in major international markets;
-- Commenced the establishment of an international network of distribution partners to expand the Altrazeal® selling and marketing activities globally;
-- Shipment of the first order of the veterinary form of Altrazeal® to our strategic partner;
-- Launch of the innovative Altrazeal® 0.75 gram blister pack; and
-- Entering into a strategic collaboration to develop the oral applications of our OraDisc(TM) mucoadhesive film technology.
During 2012, the Company has laid the foundation for a rapid increase in revenues and the advancement of the Company towards profitability. In the upcoming 12 months our business outlook is for major expansion of commercialization actives for Altrazeal® in international markets, including the following:
-- Altrazeal® being marketed in over 15 markets worldwide;
-- Expanding the network of distribution partners to cover all major international markets excluding Japan; and
-- Positioning Altrazeal® to be marketed in all major markets by 2014.
By achieving the above objectives the Company is projecting to be cash flow positive by the fourth quarter of 2013.
Commenting on the 2012 activities and the business outlook for 2013, Kerry P. Gray, President and CEO stated, "I am very pleased with our accomplishments and the progress that has been made during 2012, which was achieved with limited resources. The Company has now been positioned for rapid revenue growth and advancement towards profitability. The international exposure to Altrazeal® that has been generated and the positive response received from both healthcare professionals and potential strategic partners is very exciting. We look forward to a major transformation of the Company over the upcoming 12 months as we move towards establishing a predictable and rapidly growing revenue stream."
For the fourth quarter of 2012, the Company reported a net loss of $1.0 million, or $0.10 per share, compared with a net loss of $0.9 million, or $0.13 per share, for the same period last year. For the year ending December 31, 2012, the Company reported a net loss of $3.5 million, or $0.42 per share, compared with a net loss of $4.1 million, or $0.67 per share, in the same period of 2011.
Revenues Revenues for the fourth quarter of 2012 were $165,000, compared to $256,000 for the fourth quarter of 2011. The decrease of approximately $91,000 in revenues from the fourth quarter of 2011 compared to the fourth quarter of 2012 was primarily due to a decrease of $188,000 in Aphthasol® product sales as we did not sell any Aphthasol® to our domestic distributor in the fourth quarter of 2012 and a decrease of $17,000 in Aphthasol® royalties. These decreases were partially offset by increased Altrazeal® product sales.
For the year ending December 31, 2012, revenues were $371,000, compared to $485,000 for the same period of 2011. The decrease of approximately $114,000 was due primarily to a decrease of $188,000 in Aphthasol® product sales as we did not sell any Aphthasol® to our domestic distributor in 2012. This decrease was partially offset by increased Altrazeal® product sales.
Research and Development Research and development expenses for the fourth quarter of 2012 were $316,000, including $1,000 in share-based compensation, compared to $198,000, including $17,000 in share-based compensation, for the fourth quarter of 2011. The increase of approximately $118,000 in research and development expenses was due to increases in regulatory costs of $71,000, consulting and direct research costs of $97,000 related to Altrazeal®, and clinical study costs of $20,000. These increases were partially offset by lower scientific compensation costs of $69,000 related to share-based compensation and lower head count.
For the year ending December 2012, research and development expenses were $833,000, including $10,000 in share-based compensation, compared to $947,000, including $70,000 in share-based compensation, for the same period in 2011. The decrease of approximately $114,000 in research and development expenses was due primarily to lower scientific compensation costs of $157,000 related to share-based compensation and lower head count and lower costs for regulatory consulting fees of $70,000. These decreases were partially offset by a $90,000 increase in regulatory costs and a $20,000 increase in clinical study costs.
Selling, general and administrative Selling, general and administrative expenses for the fourth quarter of 2012 were $425,000, including $8,000 in share-based compensation, compared to $498,000, including $25,000 in share-based compensation, for the fourth quarter of 2011. The decrease of approximately $73,000 in selling, general and administrative expenses was primarily due to lower costs for compensation of $37,000, decreased sales & marketing costs of $80,000 due to a revised marketing plan, and lower insurance costs of $20,000. These decreases were partially offset by a $60,000 increase in costs for investor relations consulting.
For the year ending December 2012, selling, general and administrative expenses were $1,791,000, including $36,000 in share-based compensation, compared to $2,277,000 million, including $102,000 of share-based compensation, for the same period in 2011. The decrease of approximately $486,000 in selling, general and administrative expenses was primarily due to lower costs for compensation of $184,000, sales & marketing costs of $245,000 due to a revised marketing plan, and legal costs relating to our patents of $63,000.
Amortization of Intangible Assets Amortization expense for the fourth quarter of 2012 was $120,000 as compared to $157,000 for the fourth quarter of 2011 and is comprised of amortization associated with our acquired patents. The decrease of $37,000 is attributable to the expiration of the amortization of the Aphthasol® patent in November 2011.
For the year ending December 2012, amortization expense was $476,000 as compared to $769,000 for the same period of 2011. The decrease of $293,000 is attributable to the expiration of the amortization of the Aphthasol® patent in November 2011.
Interest Expense Interest expense for the fourth quarter of 2012 was $137,000 as compared to $18,000 for the fourth quarter of 2011. The increase of approximately $119,000 is primarily attributable to costs associated with our convertible debt.
For the year ending December 2012, interest expense was $328,000 as compared to $67,000 for the same period of 2011. The increase of approximately $261,000 is primarily attributable to costs associated with our convertible debt.
Mr. Gray continued, "The 2012 operating results reflect a significant improvement in our reported loss from 2011 and is due principally to the positive effects of our business restructuring and tight controls over our operating expenses. We have established an expense base that is not projected to increase significantly as our operating activities expand. With the projected increase in revenues for 2013, we are forecasting a significant improvement in operating results."
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(TM) transmucosal delivery system. For further information about ULURU Inc., please visit our website at www.uluruinc.com. For further information about Altrazeal®, please visit our website at 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 future financial performance of ULURU Inc., (the "Company"). The progress of our technology, clinical and regulatory results for our products, advantages of our products, and cost saving initiatives, anticipated product launches and regulatory filings, near term revenue opportunities and anticipated extensions of product lines. When used in this press release, the words "may," "targets," "goal," "could," "should," "would," "believe," "feel," "hope," "expects," "confident," "anticipate," "estimate," "intend," "plan," "potential" and similar expressions may be indicative of forward-looking statements. These statements by their nature involve substantial risks and uncertainties, certain of which are beyond the Company's control. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of an unanticipated event. Further, management cannot assess the impact of each such factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. These statements are subject to numerous risks and uncertainties, including but not limited to the risk factors detailed in the Company's Annual Report on Form 10-K for the year ending December 31, 2012 and other reports filed by us with the Securities and Exchange Commission.
Contact: Company Kerry P. Gray President & CEO Terry K. Wallberg Vice President & CFO (214) 905-5145
View data
ULURU Inc.
SUMMARY OF RESULTS
STATEMENTS OF OPERATIONS DATA
(Unaudited) (Audited)
Three Months Ended December 31, Years Ended December 31,
2012 2011 2012 2011
Revenues
License fees $ 11,400 $ 4,494 $ 40,563 $ 22,843
Royalty income --- 17,128 49,918 68,656
Product sales 154,056 233,905 280,113 393,037
Total Revenues 165,456 255,527 370,594 484,536
Cost and Expenses
Cost of goods sold 107,793 167,609 243,538 203,154
Research and development 315,735 197,504 832,931 946,553
Selling, general and administrative 425,385 497,761 1,791,221 2,276,806
Amortization of intangible assets 119,763 156,500 476,450 769,132
Depreciation 65,583 75,359 291,274 303,024
Total Costs and Expenses 1,034,259 1,094,733 3,635,414 4,498,669
Operating (Loss) (868,803) (839,206) (3,264,820) (4,014,133)
Other Income (Expense)
Interest and miscellaneous income 27,974 1,856 61,719 11,341
Interest expense (137,240) (18,461) (328,248) (67,300)
Equity in earnings (loss) of unconsolidated subsidiary --- --- --- ---
(Loss) Before Income Taxes (978,069) (855,811) (3,531,349) (4,070,092)
Income taxes --- --- --- ---
Net (Loss) $(978,069) $(855,811) $ (3,531,349) $ (4,070,092)
Less preferred stock dividends (12,288) (3,925) (47,456) (4,387)
Net (Loss) Allocable to Common Stockholders $(990,357) $(859,736) $ (3,578,805) $ (4,074,479)
Basic and diluted net (loss) per common share $ (0.10) $ (0.13) $ (0.42) $ (0.67)
Weighted average number of common shares outstanding 9,648,036 6,702,759 8,493,703 6,065,615
ULURU Inc. SUMMARY OF RESULTS STATEMENTS OF OPERATIONS DATA (Unaudited) (Audited) Three Months Ended December 31, Years Ended December 31, 2012 2011 2012 2011 Revenues License fees $ 11,400 $ 4,494 $ 40,563 $ 22,843 Royalty income --- 17,128 49,918 68,656 Product sales 154,056 233,905 280,113 393,037 Total Revenues 165,456 255,527 370,594 484,536 Cost and Expenses Cost of goods sold 107,793 167,609 243,538 203,154 Research and development 315,735 197,504 832,931 946,553 Selling, general and administrative 425,385 497,761 1,791,221 2,276,806 Amortization of intangible assets 119,763 156,500 476,450 769,132 Depreciation 65,583 75,359 291,274 303,024 Total Costs and Expenses 1,034,259 1,094,733 3,635,414 4,498,669 Operating (Loss) (868,803) (839,206) (3,264,820) (4,014,133) Other Income (Expense) Interest and miscellaneous income 27,974 1,856 61,719 11,341 Interest expense (137,240) (18,461) (328,248) (67,300) Equity in earnings (loss) of unconsolidated subsidiary --- --- --- --- (Loss) Before Income Taxes (978,069) (855,811) (3,531,349) (4,070,092) Income taxes --- --- --- --- Net (Loss) $(978,069) $(855,811) $ (3,531,349) $ (4,070,092) Less preferred stock dividends (12,288) (3,925) (47,456) (4,387) Net (Loss) Allocable to Common Stockholders $(990,357) $(859,736) $ (3,578,805) $ (4,074,479) Basic and diluted net (loss) per common share $ (0.10) $ (0.13) $ (0.42) $ (0.67) Weighted average number of common shares outstanding 9,648,036 6,702,759 8,493,703 6,065,615
View data
ULURU Inc.
SELECTED CONSOLIDATED BALANCE SHEET DATA
December 31, 2012 December 31, 2011
Cash and cash equivalents $ 21,549 $ 46,620
Current assets 1,115,982 1,349,456
Property and equipment, net 845,535 1,072,460
Other assets 5,366,600 4,640,504
Total assets 7,328,117 7,062,420
Current liabilities 3,889,734 2,053,867
Long term liabilities - convertible note payable 751,543 234,882
Long term liabilities - deferred revenue 835,553 672,282
Total liabilities 5,476,830 2,961,031
Total stockholders' equity 1,851,287 4,101,389
ULURU Inc. SELECTED CONSOLIDATED BALANCE SHEET DATA December 31, 2012 December 31, 2011 Cash and cash equivalents $ 21,549 $ 46,620 Current assets 1,115,982 1,349,456 Property and equipment, net 845,535 1,072,460 Other assets 5,366,600 4,640,504 Total assets 7,328,117 7,062,420 Current liabilities 3,889,734 2,053,867 Long term liabilities - convertible note payable 751,543 234,882 Long term liabilities - deferred revenue 835,553 672,282 Total liabilities 5,476,830 2,961,031 Total stockholders' equity 1,851,287 4,101,389
SOURCE ULURU Inc.
http://rt.prnewswire.com/rt.gif?NewsItemId=DA85791&Transmission_Id=201304010800PR_NEWS_USPR_____
ULUR .33 yes nice gem.
One thing they're definitely good at is making promises on performance that take much longer panning out or never do.
Did I just discover a hidden gem? I have done my dd on this company and can't believe it's trading at 0.28 giving it roughly a $3million mkt cap!!! Has anyone even looked into what Altrazeal does? There is a reason they used to trade on the AMEX!! I believe it has NASDAQ potential based on the Altrazeal product alone. If anyone was smart they would do their dd on this company. GO ULURU!!
In it for the long haul for basically chickenfeed.
I like this from the recent update:
"It is the Company's objective to have Altrazeal® marketed in over 15 markets by year-end 2013... the Company anticipates that it will generate both positive cash flow and EBITDA for the fourth quarter 2013.
"Also, given the successful roll-out of Altrazeal®, the Company believes it will not be necessary to raise additional capital beyond the capital that has been already committed to the Company.
"Kerry P. Gray, President and CEO of ULURU stated, 'It is gratifying to see that the clinical and economic benefits of Altrazeal® are being recognized and that Altrazeal® will have been launched in many important international markets by year-end 2013. It will indeed be an important and significant milestone when the Company generates positive cash flow.'"
This one has my interest. about 2.4 mil in PP's this year.2 million alone from Melmed Holdings in the UK. The outstanding is very low though only 9.6 mil outstanding.I would like to see more stock liquidity however their authorized is 200 mil. Still have yet to make up my mind as its a very thinly traded stock.
not too shabby
bollie ride
This one looks interesting. It has been making a quiet move north lately.
Why? The stock did a 15:1 r/s a few years ago and trickled back from over 2 dollars again to .24.... Shareholders are sick of buying into Doc Grays pump/dump and no $$ to show for it imo. Whats up with these biotech stocks that get away with screwing good money after good money.....
the ONE thing i want to know is if they REALLLYYYY did those private placements at premiums. CEO claims to have convertible price at .80 i believe. others should ALL be losing money. if they lied..or are changing prices (which is easy on OTCBB)......then i don't know what they are going to OTCBB for. i think they are doing it for illegal purposes as opposed to the stricter AMEX.
WHY would you go down a step? answer that.....you would only do it if???? it wasn't strict AND you wanted to be fiscally responsible.
we can cross off being fiscally responsible haha.....reverse splits and years of wasted IR money and marketing money and overpaid mgmt would prove that to not be the case.
They seem to like going nowherez....
First r/s then tanks back to .26 from over a buck
Then, delisting but no response from company
Finally, they offer self inflicted wound
OTC
wow what an AWFUL business decision. delisting of their own free will to go back to otcbb.
Followers
|
30
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
801
|
Created
|
05/10/06
|
Type
|
Free
|
Moderators |
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
Contact information:
ULURU Inc.
4452 Beltway Drive
Addison, TX 75001
Tel: (214) 905-5145
Fax: (214) 905 5130
Website : www.uluruinc.com/
Stock Information:
Exchange : AMEX
SEC Filings : sec.gov/cgi-bin/browse-edgar
O/S : 65,582,532 as of March 16, 2009
Transfer Agent :
Continental Stock & Trust Co
17 Battery Place
New York, NY 10004-1123
Tel: 212-845-3212
Fax: 212-616-7616
Product Information:
www.altrazeal.com/
www.uluruinc.com/aphthasol.htm
The Wound, Ostomy and Continence Nurses Society (WOCN), St. Louis, MO, Jun 6-10
New Cardiovascular Horzizons, New Orleans, LA, July 9-12
American College of Foot & Ankle Orthopedics & Medicine (ACFAOM), Orlando, Florida, July 9-12
American Podiatric Medical Association (APMA), Toronto, CAN, July 30 - August 3
Symposium on Advanced Wound Care (SAWC) II, Wash DC, Sep 15-18
Diabet Limb Salvage, Wash DC, Sep 22-25
Clinical Symposium on Advances in Skin & Wound Care (CSASWC), San Antonio, TX, Oct 21-25
VA Podriatic Meeting, Nov
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |