Shares of US generic drugmaker Akorn (Nasdaq: AKRK) rose 2.5% to $41.48 on Thursday, after it confirmed that it has filed an Abbreviated New Drug Application (ANDA) with the US Food and Drug Administration seeking approval to market difluprednate ophthalmic emulsion 0.05%.
If approved, Akorn's ANDA product would be a generic version of Swiss pharma giant Novartis’ (NOVN: VX) eye care subsidiary Alcon's Durezol, which is a topical corticosteroid indicated for the treatment of inflammation and pain associated with ocular surgery as well as the treatment of endogenous anterior uveitis.
Paragraph IV litigation underway
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