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Akorn Pharma Closes All US Sites

Five years ago, the company was nearly acquired by German pharmaceutical group Fresenius for $4.3B.

Akorn
Getty Images

According to a recent FiercePharma article, Akorn Pharmaceuticals has filed for bankruptcy, and will close all of its US sites and lay off its entire workforce. The company, which was almost acquired by German pharmaceuticals group Fresenius in 2018 for $4.3B, blames increased competition and pricing pressures in the US generic drug market, as well as issues with its manufacturing facilities, as the main culprit behind its bankruptcy filing.

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