PharmaForm announces commercial manufacturing contract for Corcept's Korlym™

AUSTIN, TX, March 26, 2012 /CNW Telbec/ - PharmaForm announced today that Corcept Therapeutics Inc. has chosen PharmaForm as their primary commercial manufacturer for their newly approved drug product, Korlym™.  The U.S. Food and Drug Administration approved Corcept's Korlym™ on February 17th, 2012 for patients with endogenous Cushing's syndrome.

PharmaForm, a full-service contract provider of development and manufacturing for the pharmaceutical and biotech industry, has worked with Corcept for several years as a contract provider for services in the development, optimization and validation of the manufacturing process for Corcept's Korlym™.

About PharmaForm

PharmaForm, a wholly-owned subsidiary of Akela Pharma, Inc., is a leading specialty contract manufacturer for pre-clinical, clinical and commercial products. PharmaForm specializes in the area of pharmaceutical dosage form development, controlled release and bioavailability enhancement technologies, such as hot melt extrusion, spray drying, fluid bed processing, and liquid filled capsules.

PharmaForm's expertise along with its ability to handle certain class potent compounds places PharmaForm as a leader in the field of specialty pharmaceutical dosage formulation and GMP manufacturing.  Through its diverse offerings, PharmaForm's solutions help pharmaceutical and biotechnology clients reach their drug development targets, reduce development costs and accelerate time-to-market for their products.

About Akela Pharma, Inc.

Akela Pharma, Inc. is the parent company of PharmaForm, and its common shares trade on The Toronto Stock Exchange ("TSX") under the symbol "AKL" with 32.4 million shares outstanding.

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