Related Party Transactions

9 Months Ended

Mar. 31, 2023

Related Party Transactions

Related Party Transactions

Note 18. Related Party Transactions

The Company had sales of $0.3 million during each of the three months ended March 31, 2023 and 2022 to a generic distributor, Auburn Pharmaceutical Company (“Auburn”), which is a member of the Premier Buying Group. Sales to Auburn for the nine months ended March 31, 2023 and 2022 were $0.9 million and $1.0 million, respectively. Jeffrey Farber, Chair Emeritus and stockholder owning more than five percent of the Company’s stock, is the owner of Auburn. Accounts receivable includes amounts due from Auburn of $0.3 million at March 31, 2023 and June 30, 2022.