Seeking Alpha

Unilife reports earnings, MedImmune deal sends shares higher on the day

  • Unilife (UNIS) is flat AH following the release of FQ1 results.
  • CEO Alan Shortall says the $3.2M of revenue the company recorded for the period marks "an inflection point." "From here, I expect the slope to be significant," Shortall adds. (PR)
  • The shares rallied 9.5% during the regular session after the company announced a supply agreement with MedImmune under which UNIS "will supply customized devices from its platform of ReadyToGo wearable injectors."
  • Although UNIS said it would "generate revenue starting in Q1," other financial terms weren't disclosed. (PR)
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