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Akorn, Inc. (AMEX:AKN) today announced that it has
received a purchase order from the Department of Health and Human
Services (HHS) for the procurement of Ca-DTPA and Zn-DTPA. This order
represents a partial exercise of a purchase option that was awarded to
the Company by HHS on December 30, 2005, for the acquisition of up to
an additional one million units of Ca-DTPA and Zn-DTPA by the United
States Government.
The purchase order quantities are intended to provide
countermeasures to protect the American military population in the
event of a radiological or nuclear incident. The total value of the
order is approximately $3.5 million. Akorn expects to deliver the
entire order quantity to the United States Government in the fourth
quarter of 2006.
Arthur S. Przybyl, President and Chief Executive Officer stated,
"This purchase order represents the first time that the Department of
Health and Human Services has exercised its option to purchase
additional quantities of Ca-DTPA and Zn-DTPA. We anticipate that
additional purchase options will be exercised over the next several
years for these two important antidotes."
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.
Materials in this press release may contain information that
includes or is based upon forward-looking statements within the
meaning of the Securities Litigation Reform Act of 1995.
Forward-looking statements give our expectations or forecasts of
future events. You can identify these statements by the fact that they
do not relate strictly to historical or current facts. They use words
such as "anticipate," "estimate," "expect," "project," "intend,"
"plan," "believe," and other words and terms of similar meaning in
connection with a discussion of future operating or financial
performance. In particular, these include statements relating to
future steps we may take, prospective products, future performance or
results of current and anticipated products, sales efforts, expenses,
the outcome of contingencies such as legal proceedings, and financial
results.
Any or all of our forward-looking statements here or in other
publications may turn out to be wrong. They can be affected by
inaccurate assumptions or by known or unknown risks and uncertainties.
Many such factors will be important in determining our actual future
results. Consequently, no forward-looking statement can be guaranteed.
Our actual results may vary materially, and there are not guarantees
about the performance of our stock.
Any forward-looking statements represent our expectations or
forecasts only as of the date they were made and should not be relied
upon as representing our expectations or forecasts as of any
subsequent date. We undertake no obligation to correct or update any
forward-looking statements, whether as a result of new information,
future events or otherwise, even if our expectations or forecasts
change. You are advised, however, to consult any further disclosures
we make on related subjects in our reports filed with the SEC. In
particular, you should read the discussion in the section entitled
"Cautionary Statement Regarding Forward-Looking Statements" in our
most recent Annual Report on Form 10-K, as it may be updated in
subsequent reports filed with the SEC. That discussion covers certain
risks, uncertainties and possibly inaccurate assumptions that could
cause our actual results to differ materially from expected and
historical results. Other factors besides those listed there could
also adversely affect our results.