BUFFALO GROVE, Ill.--(BUSINESS WIRE)--June 7, 2006--Akorn, Inc. (AMEX:AKN - News) today announced that it has received a supplemental new drug application (NDA) approval for Sufenta® injection. Akorn is the NDA holder of the drug product Sufenta®, which has been off the market since 2002 due to compliance issues associated with the Decatur manufacturing facility. Additionally, Akorn was recently awarded the Premier Purchasing Partners, LP contract for Sufenta®. Premier is one of the nation’s largest hospital group purchasing organizations.
Arthur S. Przybyl, Akorn’s President and Chief Executive Officer stated, “We are pleased to announce this product approval. This represents our fourth product approval in 2006.”
About Akorn, Inc.
Akorn, Inc. manufactures and markets sterile specialty pharmaceuticals. Akorn has manufacturing facilities located in Decatur, Illinois and Somerset, New Jersey and markets and distributes an extensive line of hospital and ophthalmic pharmaceuticals. Additional information is available at the Company’s website at www.akorn.com.
Materials in this press release may contain information that includes or is based upon forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Forward-looking statements give our expectations or forecasts of future events. You can identify these statements by the fact that they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning in connection with a discussion of future operating or financial performance. In particular, these include statements relating to future steps we may take, prospective products, future performance or results of current and anticipated products, sales efforts, expenses, the outcome of contingencies such as legal proceedings, and financial results.
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Any forward-looking statements represent our expectations or forecasts only as of the date they were made and should not be relied upon as representing our expectations or forecasts as of any subsequent date. We undertake no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise, even if our expectations or forecasts change. You are advised, however, to consult any further disclosures we make on related subjects in our reports filed with the SEC. In particular, you should read the discussion in the section entitled “Cautionary Statement Regarding Forward-Looking Statements” in our most recent Annual Report on Form 10-K, as it may be updated in subsequent reports filed with the SEC. That discussion covers certain risks, uncertainties and possibly inaccurate assumptions that could cause our actual results to differ materially from expected and historical results. Such factors include, but are not limited to, risks and uncertainties relating to the resolution of the FDA compliance issues at our Decatur, Illinois manufacturing facility. Other factors besides those listed there could also adversely affect our results.
Contact: Akorn, Inc. Arthur S. Przybyl, 847-279-6100
Source: Akorn, Inc.
