On the Record · Akorn
Akorn acquisitions, on the record
The businesses Akorn bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Excelvision AG (Akorn AG)Word for word“On January 2, 2015, we completed the Akorn AG acquisition, a Swiss contract manufacturer specializing in ophthalmic products.” 10-K for 2017 | acquisition | On January 2, 2015 | — |
VersaPharm Incorporated (VPI Holdings Corp.)Word for word“On August 12, 2014, we completed the VersaPharm acquisition, a developer and marketer of multi-source prescription pharmaceuticals.” 10-K for 2017 | acquisition | On August 12, 2014 | — |
Hi-Tech Pharmacal Co., Inc.Word for word“On April 17, 2014, we completed the Hi-Tech acquisition, a specialty pharmaceutical company which develops, manufactures and markets generic and branded prescription and OTC products.” 10-K for 2017 | acquisition | On April 17, 2014 | — |
ECR Pharmaceuticals (Hi-Tech subsidiary)Word for word“Hi-Tech’s ECR Pharmaceuticals subsidiary (“ECR”), which marketed branded prescription products, was divested during the year ended December 31, 2014.” 10-K for 2017 | divestiture | during the year ended December 31, 2014 | — |
Lloyd Products (animal health injectable products)Word for word“On October 2, 2014, we acquired certain rights and inventory related to a suite of animal health injectable products formerly owned by Lloyd, Inc.” 10-K for 2017 | acquisition | On October 2, 2014 | — |
Xopenex Inhalation Solution product rightsWord for word“The purchase price of this product acquisition was $45.0 million , partially offset by acquired reserves.” 10-K for 2017 | acquisition | — | $45.0 million |
Excelvision AGWord for word“To expand our ophthalmic manufacturing capacity, our Luxembourg subsidiary, Akorn International S.à r.l., closed a share purchase agreement on January 2, 2015 with Fareva SA to acquire all of the issued and outstanding shares of capital stock of Excelvision AG, a Swiss company (“Excelvision AG”).” 10-K for 2018 | acquisition | January 2, 2015 | — |
VPI Holdings Corp. (VersaPharm)Word for word“On August 12, 2014, we completed the acquisition of VPI Holdings Corp. (“VPI”), the parent company of VersaPharm Incorporated, a Georgia corporation (“VersaPharm”) (the “VersaPharm Acquisition”).” 10-K for 2018 | acquisition | August 12, 2014 | — |
Xopenex (Sunovion Pharmaceuticals Inc.)Word for word“To expand our prescription product portfolio of respiratory products, we entered into a definitive product acquisition agreement with Sunovion Pharmaceuticals Inc., on October 1, 2014 to acquire certain rights and inventory related to Xopenex® Inhalation Solution (levalbuterol hydrochloride).” 10-K for 2018 | acquisition | October 1, 2014 | — |
Zioptan NDA (Merck, Sharp and Dohme Corp.)Word for word“To expand our branded ophthalmology portfolio, we acquired the rights to the U.S. NDA for Zioptan™, a prescription ophthalmic eye drop indicated for reducing elevated intraocular pressure in patients with open-angle glaucoma or ocular hypertension, from Merck, Sharp and Dohme Corp. (“Merck”) on April 1, 2014.” 10-K for 2018 | acquisition | April 1, 2014 | — |
Betimol NDA (Santen Pharmaceutical Co., Ltd.)Word for word“Betimol Product Acquisition. To expand our branded ophthalmology portfolio, we acquired the rights to the U.S. NDA for Betimol®, a prescription ophthalmic eye drop for the reduction of eye pressure in glaucoma patients, from Santen Pharmaceutical Co., Ltd., (“Santen”) on January 2, 2014.” 10-K for 2018 | acquisition | January 2, 2014 | — |
Three ophthalmic U.S. NDAs (AzaSite, Cosopt, Cosopt PF) from Merck, including Inspire Pharmaceuticals, Inc.Word for word“On November 15, 2013, we acquired three ophthalmic U.S. NDAs from Merck: • AzaSite® — (azithromycin ophthalmic solution), a prescription sterile eye drop solution used to treat bacterial conjunctivitis; • Cosopt® — (dorzolamide hydrochloride and timolol maleate ophthalmic solution), a prescription sterile eye drop solution that is used to reduce intraocular pressure in patients with open-angle glaucoma or ocular hypertension; and • Cosopt® PF , supplied in sterile, single-use containers.” 10-K for 2018 | acquisition | November 15, 2013 | — |
Fresenius Kabi AG (Akorn merger)Word for word“On April 24, 2017, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Fresenius Kabi AG, a German stock corporation (“Parent”), Quercus Acquisition, Inc., a Louisiana corporation and wholly-owned subsidiary of Parent (“Merger Sub”) and, solely for purposes of Article VIII thereof, Fresenius SE & Co. KGaA, a German partnership limited by shares.” 10-K for 2018 | agreed acquisition | April 24, 2017 | — |
VPI Holdings Corp.Word for word“On August 12, 2014, we completed the acquisition of VPI Holdings Corp. (“VPI”), the parent company of VersaPharm Incorporated, a Georgia corporation (“VersaPharm”) (the “VersaPharm Acquisition”).” 10-K for 2019 | acquisition | August 12, 2014 | — |
ECR PharmaceuticalsWord for word“Hi-Tech’s ECR Pharmaceuticals subsidiary (“ECR”), which marketed branded prescription products, was divested during the year ended December 31, 2014.” 10-K for 2019 | divestiture | during the year ended December 31, 2014 | — |
| Fiscal year ended | Goodwill from acquisitions |
|---|---|
| 2016-12-31 | $0 |
| 2017-12-31 | $0 |
| 2018-12-31 | $0 |
| 2019-12-31 | $0 |
Deal filings since 2016
- 2020-10-02 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2020-06-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-05-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-05-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-04-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-02-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-12-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-08-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-05-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-04-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-04-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Akorn’s annual reports (10-K for 2019, 10-K for 2018, 10-K for 2017) and the financial data it files with the SEC, as of 2020-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.