Akorn Receives FDA Approval for Loteprednol Etabonate Ophthalmic Suspension, 0.5%
AKORN (AKRX)
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Source: GlobeNewswire
LAKE FOREST, Ill., April 18, 2019 (GLOBE NEWSWIRE) -- Akorn, Inc. (Nasdaq: AKRX), a leading specialty generic pharmaceutical company, today announced that it received a new Abbreviated New Drug Application (ANDA) approval from the U.S. Food and Drug Administration (FDA) for Loteprednol Etabonate Ophthalmic Suspension, 0.5%. The product is manufactured at Akorn’s Amityville, New York manufacturing facility. Douglas Boothe, Akorn’s President and Chief Executive Officer, stated, “This is a really exciting approval for Akorn as we believe it is a first generic approval for loteprednol suspension and it highlights our ability to execute on development and manufacturing of complex ophthalmic suspensions. I’m also pleased that we are in the final stages of preparing for commercial launch.” According to IQVIA, U.S. sales of Loteprednol Etabonate Ophthalmic Suspension, 0.5% were approximately $89 million for the twelve months ended February 2019. Loteprednol Etabonate Ophthalmic Suspensi
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