Illinois, USA-based Akorn says that it has entered into a 10-year exclusive contract manufacturing supply agreement with an undisclosed ophthalmic company.
Under the terms of the accord, Akorn will be responsible for the development, manufacturing and supply of two new ophthalmic products. The company estimates annual manufacturing revenue from this deal of around $2.0 million-$3.0 million. Both products are targeted for launch in mid-2009, according to Akorn.
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