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Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.
What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)
So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.
Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.
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Thursday, July 10, 2008
Unigene CEO Discusses Value of Peptides and Company's Technologies in Two Leading Pharmaceutical Trade Publications
Comtex
FAIRFIELD, N.J., Jul 10, 2008 (BUSINESS WIRE) ----Warren P. Levy, Ph.D., CEO and President of Unigene Laboratories, Inc. (OTCBB: UGNE, http://www.unigene.com), a biopharmaceutical company focusing on the manufacturing and oral delivery of large-market peptide drugs, recently contributed a by-lined story in two leading pharmaceutical publications. The article, which highlights the importance of peptides in pharmaceutical research as well as the potential value of the company's proprietary technologies, appeared in Genetic Engineering & Biotechnology News (GEN), the most widely read biotechnology publication in the world, and Pharmaceutical Formulation & Quality Magazine (PFQ), a health care journal with national circulation .
In the July 2008 article, titled "Focusing on the Task of Reinventing Peptide Drugs; Unigene Has Introduced an Enzyme-Based Assay for the Discovery of Amidated Peptides," Dr. Levy discussed the importance of peptides, and small proteins, which regulate many important metabolic processes through their roles as hormones, neurotransmitters, growth factors, enzymes, and structural components of cells. The articles note how in addition to the discovery, and testing of peptides in the clinic, developers will need to address the problems of achieving adequate scale in the manufacturing process and enabling the oral delivery of peptides.
According to Dr. Levy, Unigene's proprietary technology can make the oral delivery of peptide drugs a viable commercial opportunity. In the article, he comments on the company's development of a new enzyme-based assay for the discovery of amidated peptides, which he believes should help identify low-concentration peptide hormones and ultimately enable the discovery of novel, biologically active peptides suitable for pharmaceutical development.
"Unigene's technologies may enable the introduction of several oral peptide hormone drugs for administration in chronic osteoporosis and diabetes," says Dr. Levy. "While certain individual development projects are early stage, the trend is positive and the possibilities are plentiful. There has never been a more exciting time to be involved in peptide pharmaceutical development. Oral delivery methods have changed the paradigm for peptide drugs irrevocably--and for the better."
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.
Safe Harbor Statement
Safe Harbor statements under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements regarding us and our business, financial condition, results of operations and prospects. Such forward-looking statements include those which express plans, anticipation, intent, contingency, goals, targets or future development and/or otherwise are not statements of historical fact. We have based these forward-looking statements on our current expectations and projections about future events and they are subject to risks and uncertainties known and unknown which could cause actual results and developments to differ materially from those expressed or implied in such statements. These forward-looking statements include statements about the following: general economic and business conditions, our financial condition, competition, our dependence on other companies to commercialize, manufacture and sell products using our technologies, the ability of our products to gain market acceptance and increase market share, the uncertainty of results of animal and human testing, the risk of product liability and liability for human trials, our dependence on patents and other proprietary rights, dependence on key management officials, the availability and cost of capital, the availability of qualified personnel, changes in, or the failure to comply with, governmental regulations, the failure to obtain regulatory approvals for our products and other risk factors discussed in our Securities and Exchange Commission filings. Words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "potential," "continue," and variations of these words (or negatives of these words) or similar expressions, are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various risk factors.
SOURCE: Unigene Laboratories, Inc.
The Investor Relations Group Investors: Erika Moran / Dian Griesel, Ph.D., 212-825-3210 or Media: Lynn Granito, 212-825-3210
Copyright Business Wire 2008
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