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- 3 May 2009
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One way or another, there should be an announcement tomorrow. The question is whether this needs to be Australia time or US time.
Personally, rather in than out.
Where in the announcements or press releases does it mention the "finalisation of the restriction agreement with Sanofi " date being tomorrow?
The importance of finalising the exclusivity list is not because of the amount of syringes that Sanofi wish to purchase but because the negotiations which unilife is having with other pharams cannot be concluded until the list is finalised .
It maybe that sanofi wishes to add the unifil select to the agreement (thats pure speculation on my part)
I also am of the opinion that we will get an announcement monday probably during nasdaq hours whether it is the agreement being finalised or that negotiations are continuing is another story. Still very happy with my investment wish i had had more money to buy more when it was below 0.30cents but still sitting on the best percentage gain of ten years in the market and it really is only a fraction of where it is going if you look at the analystes reports
Well the good news is out and the market is underwhelmed.
Not that 7% is to be sneezed at but now this stock has been effectively derisked with the SA deal it's all blue skies and upwards from here.
Will be very interesting to see how the Nasdaq responds tonight.
http://www.asx.com.au/asxpdf/20100303/pdf/31p1sxf55vpfsb.pdf
I find it strange as well, all good news and no bad ones, but for some reason the sp has been declining for some time now. Just picked it up for 1.15 now it's around 1.11, didn't expect it to go that low.
I just hope that my prediction comes true as I have invested all my money in this single company.
Unilife Corporation ("Unilife" or "Company") (Nasdaq: UNIS; ASX: UNS) today announced it has received from the U.S. Food and Drug Administration (FDA) 510(k) market clearance for the Unitract(TM) 1mL Insulin Syringes assembled at its Lewisberry, PA manufacturing facility.
Following FDA-clearance for US-assembled units of the Unitract(TM) 1mL Insulin Syringe, Unilife has immediately shifted manufacturing activities at Lewisberry to a four shift, 24 hour, 7 day per week (24/7) manufacturing cycle. This 24/7 manufacturing cycle is expected to maximize annual production capacities for the Unitract(TM) 1mL syringes and further improve manufacturing cost-efficiencies.
Significant jump in price and volume on the NASDAQ last night, anybody aware of any announcements. Did appear that the price was being contained since its listing, but that was on low volumes of 20K to 80K, nearly 3 mil shares traded last night.
Announcement 05/04/2010
Hold
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