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Akorn, Inc. Responds to Event of Default - No Financial Impact.

Publication: Business Wire
Publication Date: 06-OCT-04
Format: Online
Delivery: Immediate Online Access

Article Excerpt
BUFFALO GROVE, Ill. -- Akorn, Inc. (OTCBB:AKRN.OB) today announced that it received a notice that an event of default has occurred on its outstanding promissory note with NeoPharm, Inc. The notice stated that the event of default was triggered when a processing agreement between the two companies, which was contractually obligated to go into effect on or before October 1, 2004, failed...

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