Unilife Corp. (UNIS) Inks Supply Agreement for EZMix Dual Chamber Syringe

Unilife is a developer and commercial supplier of injectable drug delivery systems. The company’s portfolio of proprietary device technologies includes prefilled syringes with automatic needle retraction, drug reconstitution delivery systems, auto-injectors, wearable injectors, and targeted drug delivery systems.

The company reported today that it signed a customization and commercial supply agreement with a U.S. pharmaceutical company for the EZMix dual-chamber syringe. Unilife will supply the customer with a customized device from its platform of EZMix dual-chamber delivery systems for use with a lyophilized drug that requires mixing at the time of injection.

Unilife expects to generate revenues immediately and garner up to $110 million in revenues during the 15-year agreement period. This figure is based upon a customization and production scale-up program, commercial device sales, and a royalty of net drug sales. The customer’s drug is in late-stage clinical development and the customer plans an accelerated path to gain U.S. regulatory approval.

The customer has agreed to pay Unilife about $3 million over a 12-24 month period for the customization and supply of prefilled EZMix devices. The company will receive an additional $3 million to fund the production scale-up of high-volume assembly equipment to manufacture the customized device in commercial volumes.

Unilife will also receive royalty payments (representing roughly a third of the $110 million total) on net annual commercial revenue for the drug in exchange for the customer securing worldwide exclusivity to EZMix for its target drug. The agreement includes a guaranteed minimum annual royalty payment that the customer must provide to Unilife.

For additional information about Unlife and its portfolio of injectable drug delivery products, visit www.unilife.com

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