Akorn, Inc. AKRX, a niche generic pharmaceutical company,
today announced that it has acquired the NDA and all rights to Betimol®
(timolol ophthalmic solution) 0.25% & 0.5% from Santen. Akorn plans to
begin shipping Betimol® in the first quarter of 2014.
Raj Rai, Chief Executive Officer, commented, "We are excited to add
Betimol® to our portfolio of branded ophthalmic products. This
acquisition further enhances our platform and growth opportunities in
2014.”
Financial Impact of the Transaction
This transaction is expected to add approximately $8 million to $9
million in revenues to 2014 and approximately $0.03 to $0.04 of adjusted
See full press release
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