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Unilife Corporation Announces Financial Results for Fiscal Year 2012 Second Quarter
Date:2/9/2012

YORK, Pa., Feb. 9, 2012 /PRNewswire/ -- Unilife Corporation ("Unilife" or "Company") (NASDAQ: UNIS; ASX: UNS) today announced financial results for the quarter ended December 31, 2011 (Second Quarter of Fiscal Year 2012).

Recent Highlights:

  • Signed a clinical development agreement for a novel device for targeted organ delivery in November 2011; Unilife will receive $1.4 million in initial revenues, which will be recognized through the Fourth Quarter of  Fiscal 2012
  • Completed a common stock offering of 8,250,000 shares with net proceeds of $33.8 million to the Company (November, 2011)
  • The additional capital strengthens Unilife's negotiating position with pharmaceutical companies
  • Broadened base of U.S. healthcare investors with long-term investment strategies
  • Awarded a two year contract with Premier Purchasing Partners, the nation's largest healthcare alliance, for the supply of the Unitract® range of 1mL safety syringes (October 2011)
  • Open market purchases of the Company's common stock of approximately $1.0 million by Unilife Chief Executive Officer, Alan Shortall (January - February 2012)

  • "Unilife has made excellent progress across all areas of its business during the quarter ended December 31, 2011.  As we enter calendar year 2012, I believe that we have the broad operational capabilities and high-performance team in place to achieve a series of previously announced key business milestones," stated Mr. Shortall.  

    "In this regard, I recently made the decision to further increase my position as Unilife's largest shareholder with the purchase of approximately $1.0 million of common stock in the open market. This decision further underlines my confidence in the strength of Unilife's current business position.  I plan to continue purchasing Unilife common stock in the open
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    SOURCE Unilife Corporation
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