Akorn shares rise after generic pain drug cleared

Posted April 20, 2010 at 9:19 a.m.

By Kiah Haslett
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Shares of pharmaceutical manufacturer Akorn, Inc. were up 12.58 percent to $1.80 in midmorning trading, after investors learned that Akorn received regulatory clearance to market a generic pain drug. Akorn is based in Lake Forest, Ill.

Chemical manufacturer Stepan Company was up 10.18 percent to $68.26 on the release of its record-setting first quarter earnings report, which exceeded analysts’ expectations.

 

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