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Statement Summary

On May 28, 2025, the Securities and Exchange Commission (SEC) issued an order granting an extension of time for Impax Laboratories, LLC to respond to an earlier order instituting proceedings under the Securities Exchange Act of 1934. Originally prompted by Impax’s lack of engagement with the OIP since its issuance on August 21, 2024, the SEC has allowed the Division of Enforcement to delay filing additional submissions until July 28, 2025. This extension acknowledges the need for thorough consideration of issues raised by the SEC, demonstrating the Commission’s flexibility in accommodating reasonable requests for additional time in administrative proceedings.

Original Statement

UNITED STATES OF AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 103143 / May 28, 2025
Admin. Proc. File No. 3-22027
In the Matter of
IMPAX LABORATORIES, LLC

ORDER GRANTING EXTENSION OF TIME
On August 21, 2024, the Securities and Exchange Commission issued an order instituting proceedings (“OIP”) against Impax Laboratories, LLC under Section 12(j) of the Securities Exchange Act of 1934. On May 1, 2025, the Commission directed the parties to file additional written submissions by May 29, 2025. The Division of Enforcement now seeks an extension of time in which to file its additional submission, stating that it requires additional time to consider the issues raised by the Commission’s order.

Under the circumstances, it appears there is good cause to grant the extension sought. Accordingly, it is ORDERED that the parties’ deadline to respond to the Commission’s order directing additional written submissions is extended to July 28, 2025.

1. Impax Laboratories, LLC, Exchange Act Release No. 100795, 2024 WL 3889011 (Aug. 21, 2024). Impax did not file an answer to the OIP and has not otherwise participated in the proceeding.
2. Impax Laboratories, LLC, Exchange Act Release No. 102963, 2025 WL 1279293 (May 1, 2025).
3. See Rule of Practice 161(a), 17 C.F.R. § 201.161(a); see also Pending Administrative Proceedings, Exchange Act Release No. 88415, 2020 WL 1322001 (Mar. 18, 2020) (providing that, pending further order of the Commission, reasonable requests for extensions of time will not be disfavored as stated in Rule of Practice 161).

For the Commission, by the Office of the General Counsel, pursuant to delegated authority.
Vanessa A. Countryman
Secretary