After filing for a Chapter 11 bankruptcy in May, Akorn, Inc. has reported its financial statements for second quarter of 2020.
The company saw its revenue drop by 32% or $58m to $120m for the second quarter of 2020. According to...
Q2 Results: COVID-19 Kicks Akorn While It’s Down
Double-Digit Revenue Drop Reported After Bankruptcy Filing
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Akorn’s second-quarter revenues fell by $58m, as it braces for a restructuring and sale process.
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Amneal has marked its entry into China after receiving its first product approval in the market. Meanwhile, the firm has also outlined US approvals for two generics currently suffering from shortages.
Avoiding disaster at the beginning of the pandemic and offering a pro-active supply chain blueprint should position the generics industry well for an onshoring debate in Congress, but a look back at March 2020 is a reminder that even small policy shifts can have a big impact.
After US President Joe Biden launched a review of the country’s API supply chain, the task force has reported back with key vulnerabilities that contribute to drug shortages and supply risks during a global public health emergency. According to the report, the lack of geographic diversity and dependence on foreign nations and anti-competitive actions by foreign nations are key areas of concern.
Nichi-Iko says that remediation activities at its Toyama plant in the wake of a suspension over GMP violations mean that there may be delays to supply.
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Avoiding disaster at the beginning of the pandemic and offering a pro-active supply chain blueprint should position the generics industry well for an onshoring debate in Congress, but a look back at March 2020 is a reminder that even small policy shifts can have a big impact.
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Teva and Biocon Biologics have become the latest firms to sign up to the Biosimilars Forum industry association in the US.
