Akorn, Inc. Announces FDA Approval of Ofloxacin Ophthalmic Solution USP, 0.3%

Akorn, Inc. Announces FDA Approval of Ofloxacin Ophthalmic Solution USP, 0.3%

BUFFALO GROVE, Ill. -- Akorn today announced that the U.S. Food and Drug Administration (FDA) has granted approval for Akorn’s Abbreviated New Drug Application (ANDA) for Ofloxacin Ophthalmic Solution USP, 0.3%.

Ofloxacin Ophthalmic Solution is an anti-infective used to treat infections caused by bacteria in conjunctivitis and corneal ulcers. Annual sales for Ofloxacin were approximately $7.5 million in 2007, according to IMS sales data.

Arthur S. Przybyl, Akorn’s President and Chief Executive Officer stated, “We are pleased to announce the ANDA approval for Ofloxacin. This product will be manufactured in our Decatur, IL facility, and represents an important addition to our ophthalmic product line. We expect to launch Ofloxacin in the third quarter of 2008.”

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.

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