Akorn, Inc. Announces Supplemental New Drug Application Approval for Sufenta(R)
June 07 2006 - 10:28AM
Business Wire
Akorn, Inc. (AMEX:AKN) today announced that it has received a
supplemental new drug application (NDA) approval for Sufenta(R)
injection. Akorn is the NDA holder of the drug product Sufenta(R),
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(R). 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. Any or all of our forward-looking statements here or in
other publications may turn out to be wrong. They can be affected
by inaccurate assumptions or by known or unknown risks and
uncertainties. Many such factors will be important in determining
our actual future results. Consequently, no forward-looking
statement can be guaranteed. Our actual results may vary
materially, and there are not guarantees about the performance of
our stock. 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.
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