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Unilife Corporation Announces Financial Results For Fiscal Year 2011 Second Quarter
Date:2/14/2011

YORK, Pa., Feb. 14, 2011 /PRNewswire/ -- Unilife Corporation ("Unilife" or "Company") (Nasdaq: UNIS; ASX: UNS) today announced financial results for the three and six months ended December 31, 2010 (Fiscal Year 2011 Second Quarter).

Recent Company Highlights:

  • Completed, on-schedule, the construction of a new global headquarters and production facility in York, PA; U.S. based staff now working out of the new facility
  • Transferred Unitract® automated assembly line to York facility; on schedule to commission new clean rooms and resume production this quarter
  • On schedule to commence initial production of the Unifill® ready-to-fill (pre-filled) syringe this quarter
  • Completed private placement of A$23.1 million (US$22.3 million); received shareholder approval on February 7, 2011
  • Secured A$12.8 million (US$13.0 million) in additional capital through 2010 Share Purchase Plan ("SPP")
  • Appointed Dr. Ramin Mojdeh, former Vice President and General Manager of Becton Dickinson (BD) Pharmaceutical Systems, as Unilife's new Chief Operating Officer (COO)

  • Mr. Alan Shortall, Chief Executive Officer of Unilife, stated, "The past calendar year was a period of significant business expansion for Unilife. Key milestones completed during this time include our redomiciliation to the U.S., the listing of our common stock on NASDAQ, and the construction of our new state-of-the-art facility. We now have the operational capabilities and other support resources required to begin meeting projected market demand for our proprietary products from pharmaceutical and healthcare customers. The next step in our strategy is to increase the sales and marketing efforts surrounding our products, highlighting their unique value proposition.  Part of this effort is focused on finalizing discussions with many o
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    SOURCE Unilife Corporation
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