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Unilife Corp. (UNIS) Expands Management Team to Support Business Growth

|Includes: Unilife Corporation (UNIS)

In a time where there are cries from Wall Street and Main Street for Washington DC to create some sort of jobs program, it was a pleasant surprise to see that Unilife Corp. announced strategic additions to its management team. Unilife Corporation is a U.S. based developer, manufacturer and supplier of advanced drug delivery systems with state-of-the-art facilities in Pennsylvania.

Last week in Washington, President Obama signed a $26 billion jobs bill to aid state payroll. The following excerpt was taken from an article published by The Washington Post:

“The sum is about half what Obama requested. Democratic leaders were forced to scale back the package by rank-and-file Democrats concerned about how more spending would play with angry voters. They also had to cover the cost of the measure so that it would not increase future deficits. The bill includes nearly $10 billion in new taxes on U.S. multinational corporations that do business abroad, and it rescinds after 2014 an increase in food stamp payments enacted in last year’s $862 billion stimulus package.”

It is unclear how this bill actually creates jobs. In contrast to this bill, Unilife previously received an investment from former Pennsylvania Governor Ed Rendell, who is now a regular contributor on Morning Joe. Rendell’s view of job creation can be viewed at the following link:

Unilife is a very good example of business and government working together.

The new jobs at Unilife included:

• Dr. Jack J. Kelley III – Vice President, Strategic Marketing
• Michael C. Ratigan – Vice President of Commercial Development
• Ian Hanson – Director of Advanced Drug Delivery Systems

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