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Business and Basis of Presentation
12 Months Ended
Dec. 31, 2015
Disclosure Text Block [Abstract]  
Business and Basis of Presentation [Text Block]

Note 1 — Business and Basis of Presentation

 

Business: Akorn, Inc., together with its wholly-owned subsidiaries (collectively “Akorn,” the “Company,” “we,” “our” or “us”) is a specialty generic pharmaceutical company that develops, manufactures and markets generic and branded prescription pharmaceuticals and branded and private-label over-the-counter (“OTC”) consumer health products and animal health pharmaceuticals. We are an industry leader in the development, manufacturing and marketing of specialized generic pharmaceutical products. We specialize in difficult-to-manufacture sterile and non-sterile dosage forms including, but not limited to, ophthalmics, injectables, oral liquids, otics, topicals, inhalants and nasal sprays. In the years ending December 31, 2015 and 2014, the Company completed numerous mergers, acquisitions, product acquisitions, divestitures and dispositions more fully described in Note 18 - Business Combinations, Dispositions and Other Strategic Investments, which resulted in significant growth in the respective years.

 

Akorn is a Louisiana corporation founded in 1971 in Abita Springs, Louisiana. In 1997 we relocated our corporate headquarters to the Chicago, Illinois area and currently maintain our principal corporate offices in Lake Forest, Illinois. We operate pharmaceutical manufacturing facilities in Decatur, Illinois; Somerset, New Jersey; Amityville, New York; Hettlingen, Switzerland; and Paonta Sahib, Himachal Pradesh, India. We also operate a central distribution warehouse in Gurnee, Illinois and additional warehouse facilities in Amityville, New York and Decatur, Illinois. Our research and development (“R&D”) centers are located in Vernon Hills, Illinois; Copiague, New York; and Warminster, Pennsylvania. We also have other corporate offices in Ann Arbor, Michigan and Gurgaon, Haryana, India.