Akorn Provides Third Quarter 2018 Results
AKORN (AKRX)
Last akorn earnings: 10/31 07:00 am
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US:NASDAQ Investor Relations:
investors.akorn.com
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Source: GlobeNewswire
LAKE FOREST, Ill., Nov. 06, 2018 (GLOBE NEWSWIRE) -- Akorn, Inc. (Nasdaq: AKRX), a leading specialty generic pharmaceutical company, today announced its financial results for the third quarter of 2018. Business Highlights Revenues declined predominantly due to the effect of competition on key products such as Ephedrine Sulfate Injection, Lidocaine Ointment, Methylene Blue Injection and NembutalIn the third quarter of 2018, the decrease in revenues due to pricing was approximately 3% compared to the same period in 2017, the lowest drop in the trailing six quartersOverall portfolio well-balanced and diversified with no product contributing greater than 10% of total revenuesReceived six new ANDA approvals and launched three new ANDAs in the first 10 months of 2018Completed construction of new laboratory facilities at Decatur and Somerset manufacturing sitesCompleted installation and qualification of serialization equipment on all required packaging lines ahead of FDA’s November 2018
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