UNS 0.00% 0.5¢ unilife corporation

burning just under $1mill per week, page-11

  1. 19,547 Posts.
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    tralfaz, Be bullish, be confident but don't be blinded.

    Recent UNS announcement headline

    "Unilife Signs Long-Term Supply Contract with Sanofi for the Use of Unifill® Syringes with Lovenox®"

    "Unilife to receive a minimum of $5 million and up to $15 million in milestone-based payments"

    Then in the body of the release, "In addition to future revenue from the sale of Unifill Finesse syringes, Unilife may receive up to $15 million from Sanofi in milestones based payments with $5 million of these payments expected in 2013".

    Even the $5mil minimum claim doesn't sit right with me, as the wording clearly states "expected".

    Sanofi and UNS have been bed partners before;

    "Unilife and sanofi-aventis Agree to Exclusivity List for
    Unifill™ Ready-to-Fill Syringe" 3rd March 2010.

    What benefit was delivered to UNS shareholders from that agreement?

    http://asx.com.au/asxpdf/20100303/pdf/31p1sxf55vpfsb.pdf
 
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Currently unlisted public company.

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