Unilife CEO: OrbiMed Deal Only the Beginning

Shares of Unilife spiked this week after it revealed a $60 million debt financing agreement with healthcare investment firm OrbiMed. Unilife CEO Alan Shortall expects to build on those gains as additional deals and customer wins are announced. $40 million was funded to Unilife at the closing of the deal, which it will use to run the business as it moves toward its commercial rollout, while two additional tranches of $10 million each will be provided to Unilife in December 2014 and June 2015.

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