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Revenues up 19% in the quarter
March 3, 2014
By: Kristin Brooks
Managing Editor, Contract Pharma
Akorn 4Q Revenues: $85.0 million (+19%) 4Q Earnings: $16.7 million (+89%) FY Revenues: $317.7 million (+24%) FY Earnings: $52.4 million (+48%) Comments: In the quarter, the company announced the acquisition of Hi-Tech Pharmacal, expanding its branded ophthalmic portfolio, filed 12 ANDAs and completed the development of an additional 11 ANDAs, and completed the acquisition of the U.S. rights to three branded ophthalmic products from Merck: AzaSite, COSOPT and COSOPT PF. The company’s overall...
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