Bioluz and Akorn

Bioluz and Akorn, Inc sign Memorandum of Understanding for five Premix products

November 24th, 2008

Press Release,

Source: Akorn, Inc.

LAKE FOREST, Ill.--(BUSINESS WIRE)--Akorn, Inc. (NASDAQ: AKRX) today announced that it has

signed a memorandum of understanding with Bioluz S.A., a privately held French company, for five

premix products. The estimated market size of the five products, based on recent IMS data, is

approximately $175 million. Premix medications are ready to use intravenous drug products which

eliminate compounding steps in the pharmacy or at the point of care.

Under the terms of the memorandum of understanding, Akorn will be responsible for the development,

regulatory filings, marketing and distribution of the premix product line. Bioluz will exclusively

manufacture the products at its intravenous solutions manufacturing facility and Akorn will own the

ANDAs. Financial terms of the agreement were not disclosed. Both parties expect to execute the

definitive development and supply agreement within sixty days.

Arthur S. Przybyl, Akorn's President and Chief Executive Officer stated, "We look forward to partnering

with Bioluz on these niche premix products. Bioluz is a premier manufacturer of premix medications.

This agreement complements Akorn's portfolio of hospital injectable drug products and expands our

product pipeline."

Jean-Jacques Chappaz, President, Director and General Manager of Bioluz, stated, "Bioluz, a wholly

owned company of Technoflex s.a., is pleased to be partnering with Akorn to bring premix drugs to the

U.S. market. Akorn's strategy to market niche injectable drugs is in line with our contract

manufacturing plans in the U.S."

About Akorn, Inc.

Akorn, Inc. manufactures and markets sterile specialty pharmaceuticals. Akorn has manufacturing

facilities located in Decatur, Illinois and Somerset, New Jersey and markets and distributes an

extensive line of hospital and ophthalmic pharmaceuticals. Additional information is available at the

Company's website at www.akorn.com.

About Bioluz S.A.

Technoflex- Bioluz is a fully integrated contract drug manufacturer focused on premixed drugs in

flexible bags, utilizing proprietary non-PVC films. With facilities in Bidart, France, the company seeks

partnerships worldwide to provide expertise in injectable drug products in flexible bags. Additional

information is available at the Company's website at www.bioluz.com

Materials in this press release may contain information that includes or is based upon forward-looking

statements within the meaning of the Securities Litigation Reform Act of 1995. Forward-looking

statements give our expectations or forecasts of future events. You can identify these statements by

the fact that they do not relate strictly to historical or current facts. They use words such as

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similar meaning in connection with a discussion of future operating or financial performance. In

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entitled "Cautionary Statement Regarding Forward-Looking Statements" in our most recent Annual

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covers certain risks, uncertainties and possibly inaccurate assumptions that could cause our actual

results to differ materially from expected and historical results. Other factors besides those listed there

could also adversely affect our results.

Contact:

Akorn, Inc. / Bioluz SA

Arthur Przybyl / Jean-Jacques Chappaz

President and CEO President / Director and General Manager

(847) 279-6100 / +33 559 51 8484