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Unilife Corporation Announces Preliminary Financial Results for Fourth Quarter and Fiscal Year 2010
Date:8/30/2010

LEWISBERRY, Pa., Aug. 30 /PRNewswire-FirstCall/ -- Unilife Corporation ("Unilife" or "Company") (Nasdaq: UNIS; ASX: UNS) today announced preliminary financial results for the fourth quarter and fiscal year ended June 30, 2010.

Mr. Alan Shortall, Chief Executive Officer of Unilife said: "Fiscal 2010 has been a pivotal year for Unilife, as we completed several major milestones including the redomiciliation of the Company to the U.S. and our listing on NASDAQ."

"We have also expanded our executive team and board of directors to reflect our U.S. expansion.  Each person brings to the company specific skills and experience that will help guide us through what we expect to be an extremely busy and exciting next couple of years."

"We are now working to finalize the industrialization of the Unifill™ syringe and expand relationships with interested pharmaceutical companies, accelerate the global rollout of our Unitract 1mL syringes; and complete the construction of our new state-of-the-art facility in York, Pennsylvania. We remain committed to the continued implementation of our business strategy, and the execution of a number of significant business milestones during fiscal 2011."

Annual Company Highlights:

  • Redomiciled the Company to the U.S. (January 2010).
  • Unilife Corporation common stock listed on the NASDAQ stock exchange (February 2010).
  • Signed an industrialization agreement with sanofi-aventis (July 2009), followed by an agreement between both parties to a list of therapeutic classes including vaccines and anti-thrombotic agents where sanofi-aventis has exclusive rights to negotiate the purchase of the Unifill syringe until June 2014 (March 2010).
  • Appointed the Mikron Group as the contracted supply partner for the development and supply of automated assembly systems to support the commercial producti
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  • SOURCE Unilife Corporation
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