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Related Party Transactions
9 Months Ended
Mar. 31, 2017
Related Party Transactions  
Related Party Transactions

 

Note 21.  Related Party Transactions

 

The Company had sales of $823 thousand and $1.3 million during the three months ended March 31, 2017 and 2016, respectively, to a generic distributor, Auburn Pharmaceutical Company (“Auburn”).  Sales to Auburn for the nine months ended March 31, 2017 and 2016 were $2.8 million and $2.2 million, respectively.  Jeffrey Farber, Chairman of the Board, is the owner of Auburn.  Accounts receivable includes amounts due from Auburn of $880 thousand and $682 thousand at March 31, 2017 and June 30, 2016, respectively.