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Stock Market & Financial Investment News

News Breaks
February 20, 2013
08:44 EDTUNISCrede CG II reports 6.5% passive stake in Unilife
News For UNIS From The Last 14 Days
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July 30, 2015
09:25 EDTUNISOn The Fly: Pre-market Movers
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05:37 EDTUNISUnilife to host conference call
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July 29, 2015
19:48 EDTUNISUnilife signs $45M equity purchase agreement with Lincoln Park Capital
Unilife announced the implementation of a multifaceted financing strategy that provides the Company with flexibility and control to support its continued business growth. Unilife has signed an equity purchase agreement for up to $45M with Lincoln Park Capital, a Chicago-based institutional investor, which provides the company with $5M in initial net proceeds and the option to generate, at its sole control and discretion, up to $40M in additional net proceeds over 24 months. Unilife has also implemented a $25M At-the-Market facility with Cantor Fitzgerald that can be used at the company's discretion. Under the terms of the agreement dated July 29, LPC initially purchased $5M dollars of Unilife common stock at $1.79 per share, as per the closing price on Monday, June 27. Thereafter, at its sole discretion, Unilife may sell up to $40M of common stock to LPC, from time-to-time, over the 24-month term, subject to the conditions and limitations set forth in the agreement. LPC has agreed not to cause or engage in any direct or indirect short selling or hedging of Unilife common stock, and LPC is obligated to purchase our common stock at times and amounts controlled by the company, subject to the terms and conditions in this agreement. In consideration for entering into the agreement, the company agreed to issue shares of its common stock to LPC as a commitment fee. The company intends to use the net proceeds received from the financing with LPC and the "at-the-market" facility for investments in its plant, equipment, systems and personnel to further develop its manufacturing and operational capabilities to satisfy current and future customer orders and general corporate purposes, including working capital, acquisitions and other business opportunities.
19:32 EDTUNISOn The Fly: After Hours Movers
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17:23 EDTUNISUnilife introduces Imperium instant patch pump platform
Unilife Corporation announced the introduction of the Imperium platform of instant patch pumps for insulin. Imperium is a prefilled, disposable, multi-day wearable insulin pump that does not require filling or assembly by the patient. Because it is prefilled and pre-assembled like an insulin pen, only three steps are required to commence continuous subcutaneous insulin infusion, with on-demand bolus delivery available to the user via the simple push of a button. Imperium can include wireless connectivity systems, such as Bluetooth LE, to integrate with smartphone apps for patient reminders and status updates. With data connectivity available, healthcare providers could also have access to real-time or historic data to tailor the insulin therapy for each patient to achieve and maintain glycemic control.

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