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Unilife COO to Again Purchase More Than $250,000 in Company Shares
Date:8/31/2011

YORK, Pa., Aug. 31, 2011 /PRNewswire/ -- Unilife Corporation ("Unilife" or the "Company") (NASDAQ: UNIS; ASX: UNS) today announced that its Chief Operating Officer, Dr. Ramin Mojdeh, will purchase more than $250,000 in shares of the Company's common stock. This investment closely follows Dr. Mojdeh's initial open market purchase of more than $250,000 in Unilife shares in March 2011, six weeks after he joined the Company.

Dr. Mojdeh will begin making the purchase at market prices after the issuance of this release in the U.S.  This intended purchase by Dr. Mojdeh, of more than $250,000 in Unilife common stock is occurring as per the Company's insider trading policy and will be effected in compliance with applicable U.S. and Australian securities laws.

The upcoming purchase by Dr. Mojdeh follows similar activity recently undertaken by Unilife CEO Alan Shortall, as reported on August 17, 2011.  

Dr. Mojdeh stated: "Since joining Unilife nearly seven months ago, my confidence in the Company's future continues to grow. Under Mr. Shortall's guidance and keen leadership, we have been able to accomplish several important milestones including the industrialization and first sales of the Unifill syringe. Through our unparalleled capacity to identify and respond to the unmet needs of our pharmaceutical partners with speed, agility and reliability, we have developed an innovative and highly differentiated portfolio of advanced drug delivery systems.

"Unilife is very well positioned to capitalize on a paradigm shift that is now occurring within the fast-growing $10 Billion market for injectable drug delivery devices. The molecular complexity and patient-centric focus of the biologics now dominating the development pipelines of many pharmaceutical companies requires innovative device solutions that are customized to address the specific needs of each
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SOURCE Unilife Corporation
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