Antares Pharma, Inc.

Stockholder of drug delivery devices company provides $4 million credit line

Published in Hospital and Nursing Home Week, November 17th, 2005

Antares Pharma, Inc. (AIS) announced that its largest stockholder, Jacques Gonella, has provided a line of credit of up to $4 million to help support ongoing activities as well as potential acquisitions.

Gonella is chairman of the board of directors of Antares Pharma and a major stockholder, owning in excess of 20% of Antares' outstanding shares. He is an active director of and investor in several privately held life science companies with a particular focus on drug delivery activities.

Previously, Gonella founded JAGO Pharma AG in 1983 and was its president and CEO until its acquisition in May 1996 by SkyePharma Plc, a London stock exchange company....

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Source: Hospital and Nursing Home Week (2005-11-17)

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