Akorn, Inc. Announces First ANDA Submission for FDC Limited.

BUFFALO GROVE, Ill. -- Akorn, Inc. (AMEX:AKN) today announced that it has submitted the first Abbreviated New Drug Application (ANDA) with the Office of Generic Drugs on behalf of FDC Limited (FDC). Akorn and FDC announced the signing of a purchase and supply agreement in July 2004. FDC is India's second largest manufacturer and marketer of ophthalmic pharmaceutical products. The proposed drug product is an ophthalmic solution that will be manufactured by FDC in a blow-fill-seal container closure system.

Arthur S. Przybyl, Akorn's President and Chief Executive Officer stated, "We are pleased to announce this new product submission on behalf of FDC. FDC will develop, manufacture and supply finished dosage form drug products to Akorn and we are responsible for filing FDA regulatory submissions on behalf of FDC. Akorn has exclusive U.S. marketing rights to all drug products filed on behalf of FDC."

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 FDC Limited

FDC Limited (Bombay Stock Exchange:FDC) manufactures ophthalmic and oral drugs in unit and multi-dose formats as well as select active pharmaceutical ingredients (API's) at a U.S. FDA-approved plant in Roha. The API's manufactured at this plant are either exported (more than 80% of the production) or formulated at the company's plants in Goa and are U.K. MHRA-approved, enabling FDC to market several products (ophthalmic and solid dosage forms) in the U.K.. Recently, FDC commissioned an additional manufacturing plant in Goa, which provides dosage form capabilities with quality systems meeting the highest International GMP Standards.

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