BUFFALO GROVE, Ill.--(BUSINESS WIRE)--March 1, 2006--Akorn, Inc. (AMEX:AKN) today announced that it has entered into definitive agreements with institutional and other accredited investors with respect to the private placement of 3,356,113 shares of its Common Stock at a price of $4.50 per common share, for gross proceeds of approximately $15.1 million. Investors will also receive warrants to purchase 1,174,642 shares of common stock at an exercise price of $5.40 per share.
