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Akorn Enters Ophthalmic Manufacturing Pact

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Akorn, Inc. has entered into a five-year supply agreement with an undisclosed ophthalmic company. Under the terms of the agreement, Akorn will be responsible for the manufacturing and supply of the ophthalmic product, for which it holds the ANDA. Revenues from this agreement are expected to begin in early 2009.
   
Arthur S. Przybyl, Akorn’s president and chief executive officer, stated, “We continue to grow our contract manufacturing services and are pleased to announce this new long-term partnership. During 2008, Akorn’s contract manufacturing business has expanded to include four new ophthalmic and two new injectable partnerships. To date, two ophthalmic partnerships are generating revenue, one injectable partnership is expected to launch in October 2008, and the remaining partnerships will begin generating revenue in 2009.”

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