Price Rises Return Akorn To Sales Growth

Continuing To Work Through Facility Compliance Issues

Raising prices for certain product lines helped Akorn to post its first sales growth since 2016 as the US injectables and ophthalmics firm worked towards addressing two FDA warning letters.

Seedling
Akorn returned to sales growth for the first time since the end of 2016 • Source: Shutterstock

Increasing prices for generics such as lidocaine jelly enabled beleaguered US injectables and ophthalmics specialist Akorn to report its first turnover growth for almost three years. And as it continues to address manufacturing problems, the company also posted an operating profit in the third quarter of 2019 versus a $76.0m loss in the prior-year period.

“For the first time since the fourth quarter of 2016,” CEO Doug Boothe told investors, “company revenues for the quarter...

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