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Friday the Day, page-9

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Naish

2,061 Posts.

02/02/16

00:15

Post #: 16918352
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Originally posted by TDA ↑

On January 31, 2016, Unilife Corporation (the “Company” or “we”) entered into an amendment (the “Amendment”) to the previously announced exclusivity agreement with Amgen Inc. (the “Counterparty”) dated December 31, 2015 (the “Agreement”). The Agreement was entered into in connection with the review by the Company of potential strategic alternatives, including a strategic partnership with one or more parties or the licensing of some of the Company’s proprietary technologies (a “Potential Transaction”). Pursuant to the Agreement, we agreed to negotiate in good faith a Potential Transaction exclusively with the Counterparty until the earlier of January 31, 2016 or the Counterparty notifies us in writing that it has ceased to consider a Potential Transaction (the “Exclusivity Period”). The Amendment extends the Exclusivity Period until 11:59 PM U.S. Pacific Time on Friday, February 5, 2016 while the parties continue in good faith to negotiate a definitive agreement.

Why extend if not wanted to be agreed upon, why continue if it has failed???

All good and here it comes I say!!

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They still have the boxing gloves on TDA. A couple more rounds to go by the look of it.

Last edited by Naish: 02/02/16

UNS Price at posting: 20.5¢ Sentiment: Hold Disclosure: Held
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