Beleaguered Akorn Files For Bankruptcy

Pursues Chapter 11 Process After Defaulting On Term Loan

 
• By Dean Rudge

Akorn and its subsidiaries in the US have gone ahead with a Chapter 11 bankruptcy filing, paving the way for an in-court sale of the business and bringing the curtain down for now on the story of one of the hottest generic injectable properties of the last decade.

Bankruptcy Closeup Concept. American Dollars Cash Money,3D rendering. Bankruptcy at Dollar Banknote. Financial USA money banknote Commercial money investment profit concept - Illustration
In three years, Akorn has gone from a near $5bn takeover to a bankruptcy filing • Source: Shutterstock

More from Strategy

More from Business