Morton Grove Pharmaceuticals, Inc.

Morton Grove Pharmaceuticals , Inc. (MGP), located in Morton Grove, Illinois, has been a leading supplier of specialty and generic liquid pharmaceutical products for over fifteen years. The company owns, manufactures and markets over 120 drug products, both Rx and OTC, ANDA and non-ANDA. Its product line includes oral liquid and topical liquid generic pharma- ceuticals, inhalations, as well as specialty pharmaceuticals and both Schedule II and Schedule III drugs. This extensive offering makes Morton Grove one of the largest suppliers of pharmaceuticals within its market class.

All of the company's products are manufactured in MGP's 125,000 sq. ft. facility, employing a work force of over 230 dedicated scientists, technical, and non-technical personnel. MGP's products are distributed through wholesalers, chain drug stores, managed care organizations and other distributors throughout the U.S. Every major wholesaler, chain drug store and distributor is a customer of the company. In addition, MGP contract manufactures product for numerous leading generic and branded pharmaceuticals companies.

In the last three years MGP has nearly tripled its sales. This explosive growth can be attributed to the company's focus on expanding its own MGP label along with the successful introduction of over 36 products, including 18 ANDA products, and its dedication to on-time performance and customer service. In the coming years, MGP plans to expand its product line, building MGP into a substantive pharmaceutical company offering a broad product line of generic, semi-proprietary and proprietary oral and topical liquid drugs, and selective product lines of solid dose and semi-solid preparations of niche products.

In addition, the company will continue with its ongoing plan to increase its efficiencies and manufacturing capabilities by installing state-of-the-art, high speed, fully integrated equipment both in its packaging and production areas. In 2000, and beyond, the company will continue to modernize its warehouse and office areas and streamline the production areas to ensure the company maintains excellent on-time shipping performance and customer service.