Akorn Considers Bankruptcy Filing

US Firm Agrees Temporary Standstill With Lenders

Buried within its financial disclosure of a standstill agreement with creditors until 7 February, Akorn disclosed that it is considering whether to file for bankruptcy protection in the US.

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Akorn is considering seeking protection under a bankruptcy filing in the US • Source: Shutterstock

Akorn is actively considering filing for bankruptcy in the US if it is unable to reach a long-term agreement with its creditors. The injectables and ophthalmics specialist has just agreed with several lenders to extend a ‘standstill’ agreement until 7 February 2020.

In a filing with the US Securities and Exchange Commission, Akorn said the standstill agreement – which prevents creditors declaring...

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