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Unilife Realigns Operations to Drive Sales and Support Commercial Production of Unifill Syringes
Date:4/5/2011

YORK, Pa., April 5, 2011 /PRNewswire/ -- Unilife Corporation ("Unilife" or the "Company") (NASDAQ: UNIS; ASX: UNS) today announced it has commenced a scheduled realignment of its operating infrastructure in preparation for the upcoming full commercial production and sale of its innovative drug delivery devices to healthcare and pharmaceutical customers. This realignment is being led by Unilife's Chief Operating Officer, Dr. Ramin Mojdeh.

The adoption of these business efficiencies is expected to improve Unilife's cash flow and extend cash reserves by over $12 million during calendar year 2011. Through the elimination or deferral of expenditures no longer required at this time, Unilife expects to reduce operating expenses by approximately $5 million during calendar year 2011, and streamline capital spending programs to further improve cash reserves by approximately $7 million during calendar year 2011. These adopted changes will better enable Unilife to efficiently focus cash resources on the production and sale of the Unifill® prefilled syringe, the Unitract® 1mL syringe, and the commercialization of other pipeline products.

Over the last two years, Unilife significantly expanded its operational capabilities in order to meet the anticipated production requirements and stringent quality assurance expectations of current and prospective pharmaceutical customers. This operational surge by Unilife included the rapid expansion of its workforce to 150 staff, significant investment in new capital equipment, and the development of a state-of-the-art manufacturing facility in York, PA. As a result of this upfront investment, Unilife has successfully completed all quarterly milestones under the industrialization program for the Unifill syringe since July 2008, culminating in initial production of the product commencing last week, approximately nine months ahead of the
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SOURCE Unilife Corporation
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