IGI Laboratories, Inc. Enters into Product Development and Supply Agreement with IMPAX Laboratories, Inc.

BUENA, N.J.--(BUSINESS WIRE)--IGI Laboratories, Inc. (NYSE Amex: IG), a New Jersey based formulation and manufacturing company, today announced that it has entered into a product development and supply agreement with Impax Laboratories of Hayward, CA, a leading marketer of prescription pharmaceutical products. Under the agreement, IGI will be responsible for developing two topical drug products, obtaining FDA marketing approvals, and manufacturing the commercial products for Impax. IGI President and CEO Charlie Moore commented, “IGI is proud to announce this partnership with a prestigious pharmaceutical company such as Impax. We hope this will lead to further opportunities for cooperation in the topical products arena.”

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