IGI, Laboratories, Inc. executed a license, development, supply and marketing agreement with a large multi-national pharmaceutical company. The contract designates IGI Laboratories Inc. as the developer and manufacturer of a generic topical pharmaceutical drug product, which will be licensed, marketed and distributed in the United States by the company's partner, or its subsidiaries. The named product in the contract was developed at IGI.

IGI has now filed the Abbreviated New Drug Application associated with the named generic pharmaceutical product.