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Wednesday, October 10, 2018

Akorn receives ANDA approval for Bimatoprost Ophthalmic Solution


Akorn (NASDAQ:AKRX) has received a new Abbreviated New Drug Application (ANDA) approval from the FDA for Bimatoprost Ophthalmic Solution, 0.03%.
According to IQVIA, sales of bimatoprost ophthalmic solution, 0.03% were ~$63.5M for the year ended August 2018.
Bimatoprost ophthalmic solution, 0.03% is indicated to treat hypotrichosis of the eyelashes by increasing their growth including length, thickness and darkness.
Shares are up 8% premarket.

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