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UNIGENE ANNOUNCES RESULTS FOR THE FIRST QUARTER OF 2006

May 11, 2006

Unigene Laboratories, Inc. announced its financial results for the quarter ended March 31, 2006. Revenue for the quarter ended March 31, 2006 was $387,000 compared to $588,000 for the quarter ended March 31, 2005. Unigene's net loss for the quarter ended March 31, 2006 was $3,243,000 or ($.04) per share compared to a net loss of $3,254,000 or ($.04) per share for the quarter ended March 31, 2005.
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