Unigene Labs Inc. (UGNE.OB) Breaks Ground on New Biotechnology Plant, Eye’s Chinese Peptide Market
QualityStocks (July 7th, 2008) Writes:
Having a “white knight” hanging around to give your company a nice infusion of cash is always a nice incentive to taking a bit of a risk. New market entry is always a bit of a risk, even if you have an established product to enter that market with. Not being 100% sure of how that new market will react – socially and financially - to a new product is always the risk. But if the “white knight” is willing to support in more than just a monetary way, the chances of sizable profit can be increased considerably.
Unigene Labs Inc., a biopharmaceutical company, works to develop and market peptide and other related pharmaceuticals. The company currently has an estimated 55% market share of the prescription nasal congestion marketplace and is entering Phase III trials with a new calcintonin product.
The company has been having moderate successes with its Fortical product, although
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