follow us:Google+FacebookLinkedInTwitterVimeoRSS Feeds

advertisement

In brief: Unilife drama continues

By

Back to Top Comments Email Print

York County-based Unilife Corp. continued its recent roller-coaster journey with news of another class-action lawsuit followed closely by yet another business deal.

The lawsuit, filed by Pomerantz Grossman Hufford Dahlstrom & Gross LLP in U.S. District Court, Middle District of Pennsylvania, essentially piggybacks on the federal suit filed in August by Unilife's former vice president of integrated supply chain, who accused the company of misleading investors and failing to comply with FDA regulations.

Unilife CEO Alan Shortall has previously said in reference to the interconnected litigation that the company is in full compliance and will prevail.

The new agreement is to supply Novartis with clinical products from one of Unilife's injectable drug delivery systems for use with a targeted early-stage pipeline drug. Unilife said that it granted Novartis an option for exclusivity and that additional terms are to remain confidential at this time.

Heather Stauffer

Heather Stauffer

Heather Stauffer covers Lancaster County, nonprofits, education and health care. Have a tip or question for her? Email her at heathers@cpbj.com. Follow her on Twitter, @StaufferCPBJ.

advertisement

Comments


Be the first to comment.



Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
     View Comment Policy
advertisement
  
  
advertisement
  
  
advertisement
Back to Top