Akorn, Inc. And Cipla Ltd. In Anti-Infective Drug Development Deal

BUFFALO GROVE, Ill.--(BUSINESS WIRE)--Nov. 8, 2005--Akorn, Inc. (AMEX:AKN) today announced that it has signed a Letter of Intent with Cipla, Ltd., a leading Indian pharmaceutical company located in Mumbai, India, to develop and supply an oral anti-infective ANDA drug product. The Letter of Intent anticipates executing a Definitive Agreement within ninety days upon Terms and Conditions agreeable to both Akorn and Cipla.

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