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

original schedule.

Having met this key business milestone, the scheduled realignment now taking place will reduce operational expenditures, better position the Company to initiate the sale of the Unifill syringe to its existing pharmaceutical customer, and help finalize discussions with additional interested parties.

In addition to the elimination of a number of redundant positions across various levels of the organization, Unilife is strengthening and expanding its sales and marketing team to support the more rapid development of commercial relationships with a wider range of healthcare and pharmaceutical companies. A portion of the operational savings will also be redirected to support the continued development of an expanding device portfolio. Unilife expects that as a result of this realignment, it could be in a position to secure development, industrialization or exclusivity agreements with interested pharmaceutical parties that can support the commercialization of some of these pipeline products during the second half of 2011.

Dr. Mojdeh, said, "Having completed the key industrial milestone of initial Unifill syringe production well ahead of schedule, Unilife can implement a planned realignment of its business structure to better service the needs of pharmaceutical customers and deliver value to shareholders. In addition to strengthening our sales and marketing team and increasing our investments in R&D, we are streamlining other areas of our Company to improve cash flow and operational efficiencies. Unilife is uniquely positioned to service the acute needs of pharmaceutical companies that are seeking innovative, customized device solutions for their therapeutic drugs from a full-service partner that is agile, responsive and efficient in its business practices. By introducing these measures, we will accelerate our go-to-market strategy while strengthening our financial profile."

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