Unigene Laboratories, Inc. Achieves $5.5 Million Milestone in Calcitonin Collaboration for Phase III Initiation

FAIRFIELD, N.J.--(BUSINESS WIRE)--The initiation of a Phase III clinical study for osteoporosis by Nordic Bioscience, the development partner of Novartis Pharma AG, with oral calcitonin has triggered a $5.5 million milestone to be paid by Novartis to Unigene Laboratories, Inc. (OTCBB: UGNE).

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