BUFFALO GROVE, Ill.--(BUSINESS WIRE)--June 6, 2006--Akorn, Inc. (AMEX:AKN - News) today announced that it has signed a Term Sheet for a product Supply Agreement with Advanced Vision Research. Both Akorn and Advanced Vision Research will work toward signing a definitive commercial manufacturing agreement for the product, TheraTears lubricant eye drops. TheraTears is a market leading over-the-counter ophthalmic solution for the treatment of dry eyes, and has recently been named by Drug Store News as the leading niche product in the eye care category.