Akorn has no pending agreement or understanding regarding any such acquisition or transaction.. Akorn intends to provide $100M of Convertible Senior Notes due 2016 Akorn, Inc. announced today that, subject to market conditions, it intends to provide $100 million principal amount of Convertible Senior Notes credited 2016 . The Notes are being offered and then qualified institutional purchasers pursuant to Rule 144A under the Securities Act of 1933, as amended .National Institutes of Wellness . The dapivirine band was developed by IPM, which can be the regulatory sponsor and license holder of the merchandise. IPM's The Ring Study, known as IPM 027 also, began in April 2012 and can enroll approximately 1, 950 women at seven sites in South Uganda and Africa. It is expected to conclude in and also have results by 2016. Because at least two Stage III efficacy trials are usually needed for something to be looked at for regulatory acceptance, IPM and MTN partnered to perform the two sister research concurrently to accelerate the timeline to the band's potential approval.