AKRX - Akorn, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

Akorn, Inc.

1925 West Field Court
Suite 300
Lake Forest, IL 60045
United States
847-279-6100
http://www.akorn.com

SectorHealthcare
IndustryDrug Manufacturers - Specialty & Generic
Full Time Employees2,284

Key Executives

NameTitlePayExercisedYear Born
Mr. Rajat RaiChief Exec. Officer2.06MN/A1967
Mr. Duane A. PortwoodExec. VP & CFO995.9kN/A1966
Dr. Bruce KutinskyChief Operating Officer841.36k11.6M1966
Mr. Joseph BonaccorsiExec. VP, Gen. Counsel & Sec.777.76k5.37M1965
Mr. Jonathan KaferExec. VP of Sales & Marketing474.19kN/A1963
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Akorn, Inc., a specialty generic pharmaceutical company, develops, manufactures, and markets generic and branded prescription pharmaceuticals, over-the-counter (OTC) consumer health products, and animal health pharmaceuticals in the United States and internationally. The company operates in two segments, Prescription Pharmaceuticals and Consumer Health. The Prescription Pharmaceuticals segment offers generic and branded prescription pharmaceuticals in various dosage forms, including sterile ophthalmics, injectables, and inhalants; and non-sterile oral liquids, topicals, nasal sprays, and otics. Its primary products include Akten, a topical ocular anesthetic gel; AzaSite, an antibiotic used to treat bacterial conjunctivitis; Cosopt, Cosopt PF, Betimol, and Zioptan, which are used in the treatment of glaucoma; and Xopenex inhalation solution used in the treatment or prevention of bronchospasm. The Consumer Health segment manufactures and markets OTC products for the treatment of dry eye under the TheraTears brand. It also markets other OTC consumer health products, including Mag-Ox, a magnesium supplement; and the Diabetic Tussin line of cough and cold products. In addition, this segment offers a portfolio of animal health products, such as Anased and VetaKet veterinary sedatives; Tolazine and Yobine sedative reversing agents; and Butorphic, a pain reliever. The company was founded in 1971 and is headquartered in Lake Forest, Illinois.

Corporate Governance

Akorn, Inc.’s ISS Governance QualityScore as of April 1, 2018 is 8. The pillar scores are Audit: 10; Board: 2; Shareholder Rights: 6; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.