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Akorn-Strides, LLC, a joint venture company formed between Akorn, Inc. (AMEX:AKN) and Strides Arcolab Limited (NSE:STAR)(BSE:532531), today announced that it has submitted its tenth Abbreviated New Drug Application (ANDA) with the Office of Generic Drugs. The Akorn-Strides joint venture was formed in September 2004 as the result of a development, manufacturing, and marketing partnership between Akorn and Strides. Since that time, Strides has been developing the ANDA products and Akorn has been filing the regulatory submissions on behalf of the joint venture. The first ANDA submission for the Akorn-Strides joint venture was filed in April 2006. Arthur S. Przybyl, Akorn's President and Chief Executive Officer stated, "Since the formation of the joint venture, the submission of the tenth ANDA filing represents a significant milestone. Strides is performing its responsibilities to the joint venture ahead of schedule." Arun Kumar, Executive Vice Chairman and Managing Director of Strides stated, "We are delighted with the pace of filings through the joint venture with Akorn. We are confident of playing a significant role providing a strong pipeline and supplies to convert Akorn-Strides into a significant hospital player in the US. 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 Strides Arcolab Limited Strides, listed on the Bombay Stock Exchange Limited (532531) and National Stock Exchange of India Limited (STAR), is one of India's largest exporters of branded generic pharmaceutical products. Strides manufactures pharmaceuticals formulations in various dosage forms, including capsules, tablets, liquid injectables and is one of the world's top five manufacturers of softgel capsules. Strides also has the only globally dedicated softgel facility for hormones. In addition, Strides undertakes contract research and the manufacturing of specialty chemicals for various multinational companies. Strides has a major presence in various developing countries such as Africa, Latin America and Asia as well as in developed markets such as the U.S., Canada and part of Europe. Strides is one of the largest Indian supplier of institutionally funded aid projects and is an approved supplier to the Global Drug Facility, UNICEF, and MSF amongst others. Strides has 13 manufacturing plants spread across the U.S., Brazil, Mexico, Italy, Poland and India. This broad manufacturing network facilitates partnering with global organizations ranging from UNICEF and WHO-Global Drug Facility to European and American pharmaceutical multinationals, private labelers and distribution chains. Strides has product registrations in over 37 countries around the world and has earned ISO 9001, ISO 14001 and GMP accreditations including USFDA. Strides employs approximately 1,700 people across the globe. Strides also has a marketing presence in over 50 countries. Materials in this press release may contain information that includes or is based upon forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Forward-looking statements give our expectations or forecasts of future events. You can identify these statements by the fact that they do not relate strictly to historical or current facts. 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