EXHIBIT 10.2
                                                                    ------------


CITIZENS BANK OF MASSACHUSETTS                             REVOLVING CREDIT NOTE
--------------------------------------------------------------------------------

$4,000,000.00                                                  February 21, 2003

     For value received, Able Laboratories, Inc., a corporation duly organized
and existing under the laws of The State of Delaware and having a principal
place of business at 6 Hollywood Court, South Plainfield, NJ 07080 (the
"Borrower") hereby promises to pay to the order of Citizens Bank of
Massachusetts, a Massachusetts banking corporation (the "Bank"), at the office
of the Bank located at 28 State Street, Boston, Massachusetts 02109 or at such
other address as the holder hereof may designate, the principal sum of FOUR
MILLION DOLLARS ($4,000,000.00 ), or the aggregate unpaid principal amount of
all advances made by the Bank to the Borrower pursuant to the terms of the
Credit Agreement defined below, whichever is less, in lawful money of the United
States of America in immediately available funds. If any advances are made
during the period from the date hereof until June 30, 2004, (as such date may be
extended, in writing, from time to time, in the Bank's sole and absolute
discretion, the "Revolving Credit Termination Date"), unless an Event of Default
(as defined in the Credit Agreement) occurs, the Borrower may borrow, repay and
reborrow as provided in the Credit Agreement, provided that all outstanding
principal plus accrued and unpaid interest shall be paid in full on the
Revolving Credit Termination Date.

     This Note is issued pursuant to that certain Credit Agreement of even date
by and between the Borrower and the Bank, as the same has been amended and
modified by that certain First Amendment to Credit Agreement ("the "First
Amendment") of even date by and between the Borrower and the Bank (collectively,
as from time to time amended, restated, supplemented or otherwise modified, the
"Credit Agreement") and constitutes the "Revolving Credit Note" as provided
therein. Capitalized terms used herein that are not defined shall have the same
meanings assigned to such terms in the Credit Agreement. The Bank is entitled to
the benefit and security of the Credit Agreement and all of the Related
Agreements referred to therein. Reference is hereby made to the Credit
Agreement, the terms of which are incorporated herein by reference, for a
statement of all of the terms and conditions under which Advances under the
Revolving Credit Facility evidenced by, among other things, this Note, are made
and are to be repaid. In the event of any inconsistency between the terms of the
Credit Agreement and this Note, the terms of the Credit Agreement shall govern
and control.

     This Revolving Credit Note evidences the Maximum Revolving Credit Facility
Limit as defined in Section 2A.1 of the Credit Agreement.

     The outstanding principal of all Advances shall accrue interest at the
variable rate selected by the Borrower from the interest rate options set forth
in the Credit Agreement as either a Prime Rate Loan, a LIBOR Rate Loan or a
LIBOR Advantage Rate Loan in accordance with the terms and conditions of the
Credit Agreement. The Borrower shall make periodic payments of interest on the
unpaid principal balance hereof in accordance with the Credit Agreement.

     Interest shall be computed on the basis of a three hundred sixty (360) day
year and actual days elapsed. Upon the occurrence of an Event of Default, or
after maturity, or after judgment has been rendered on this Revolving Credit
Note, at the option of the Bank, the Borrower's right to select pricing options
shall cease and the unpaid balance of the Revolving Credit Note shall accrue
interest at a rate equal to the Default Rate as set forth in the Credit
Agreement. Time is of the essence hereof. If the entire amount of any required
principal and/or interest is not paid in full within ten (10) days after the
same is due, the Borrower shall pay to the Bank a late fee equal to five percent
(5%) of the required payment, with a minimum late charge of $35.00. The date and
amount of each Advance under the Non-Restoring

                                   Page 1 of 5
<PAGE>

Credit Facility made by the Bank to the Borrower, the rates of interest
applicable thereto and each payment made on account of the principal thereof
shall be recorded by the Bank on its books.

     The Borrower may prepay this Note, or portions thereof, subject to the
prepayment provisions as provided in the Credit Agreement. The Credit Agreement
also sets forth terms and conditions governing the Borrower's right to elect to
convert or to renew the principal of this Note into another type of Loan.

     If, at any time, the aggregate principal amount of all Advances outstanding
under this Note shall exceed the Maximum Revolving Credit Limit, the Borrower
shall immediately prepay so much of the outstanding principal balance, together
with accrued interest on the portion of principal so prepaid, as shall be
necessary in order that the unpaid principal balance, after giving effect to
such prepayments, shall not be in excess of the Maximum Revolving Credit Limit.

     All payments, including any prepayments as set forth above, shall, at the
option of the Bank, be applied first to the payment of all costs and expenses
incurred by the Bank arising out of the loan transaction evidenced by this Note
for which the Borrower is responsible pursuant to the Credit Agreement and which
have not been paid or reimbursed to the Bank, then to accrued interest on the
unpaid principal due under this Note, and the balance on account of the
principal due under this Note. All payments shall be in lawful money of the
United States of America in immediately available funds.

     Upon the happening of any Event of Default, as defined in the Credit
Agreement, other than an Event of Default described in Sections 9.7 or 9.8 of
the Agreement, the Bank may (i) declare the then outstanding principal of this
Note and all interest accrued thereon and all applicable late and other charges
and all other liabilities and obligations of the Borrower to the Bank to be
immediately due and payable, whereupon the same shall become immediately due and
payable, and/or (ii) terminate any obligation of the Bank to make Advances under
the Credit Agreement, all of the foregoing without presentment or demand for
payment, notice of non-payment, protest or any other demand or notice of any
kind, all of which are expressly waived by the Borrower. Failure to exercise
either or both such options shall not constitute a waiver of the right to
exercise the same in the event of any subsequent default. Notwithstanding the
foregoing, upon the occurrence of an Event of Default described in Section 9.7
or Section 9.8 of the Credit Agreement, (A) any obligation of the Bank to
advance pursuant to the Non-Restoring Credit Facility shall automatically
terminate, and (B) the outstanding principal balance of this Note and all
interest accrued thereon and all applicable late and other charges and all other
liabilities and obligations of the Borrower to the Bank shall become
automatically due and payable without presentment or demand for payment, notice
of non-payment, protest or any other demand or notice of any kind, all of which
are expressly waived by the Borrower.

     The Borrower agrees to pay all reasonable costs, including reasonable
attorneys' fees, costs relating the collection, or enforcement of this Note or
any guaranty of this Note or in any litigation arising out of the transactions
of which this Note or any guaranty of this Note is a part.

     Upon the occurrence of an Event of Default, the Borrower hereby grants to
the Bank a lien, security interest, and right of set off as security for all of
the Borrower's liabilities and obligations to the Bank, whether now existing or
hereafter arising, upon and against all the deposits, credits, collateral and
property of the Borrower now or hereafter in the possession, custody, or control
of Citizens Financial Group, Inc. or any entity under the control of it or in
transit to any of them. At any time after the occurrence of an Event of Default,
without demand or notice, the Bank may set off the same or any part thereof and
apply the same to any liability or obligation of the Borrower even though
unmatured and regardless of the adequacy of any other collateral securing the
loan evidenced hereby. TO THE EXTENT PERMITTED BY LAW, ANY AND ALL RIGHTS TO
REQUIRE THE BANK TO EXERCISE ITS REMEDIES WITH RESPECT TO ANY OTHER COLLATERAL
WHICH

                                   Page 2 of 5
<PAGE>

SECURES THE LIABILITIES PRIOR TO EXERCISING ITS RIGHT OF SET OFF WITH RESPECT TO
SUCH DEPOSITS, CREDITS OR OTHER PROPERTY OF THE BORROWER, ARE HEREBY
VOLUNTARILY, INTENTIONALLY, AND IRREVOCABLY WAIVED.

     THE BANK AND THE BORROWER MUTUALLY HEREBY KNOWINGLY, VOLUNTARILY,
INTENTIONALLY AND IRREVOCABLY WAIVE THE RIGHT TO A TRIAL BY JURY IN RESPECT OF
ANY CLAIM ARISING OUT OF, UNDER, OR IN CONNECTION WITH THIS NOTE, ANY DOCUMENT,
INSTRUMENT OR AGREEMENT EVIDENCING, GOVERNING OR SECURING THIS NOTE, INCLUDING
THE AFORESAID CREDIT AGREEMENT OR ANY COURSE OF CONDUCT, COURSE OF DEALINGS,
STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTION OF ANY PARTY. THIS WAIVER
CONSTITUTES A MATERIAL INDUCEMENT FOR THE BANK TO ACCEPT THIS NOTE AND ENTER
INTO THE LOAN TRANSACTION EVIDENCED BY THIS NOTE.

     THE BORROWER (1) ACKNOWLEDGES THAT THE ADVANCES EVIDENCED BY THIS NOTE ARE
PART OF A COMMERCIAL TRANSACTION AND (2) TO THE EXTENT PERMITTED BY ANY STATE OR
FEDERAL LAW, THE BORROWER WAIVES ANY RIGHT IT MAY HAVE TO PRIOR NOTICE OF AND A
HEARING ON THE RIGHT OF ANY HOLDER OF THIS NOTE TO ANY REMEDY OR COMBINATION OF
REMEDIES THAT ENABLES SAID HOLDER, BY WAY OF ATTACHMENT, FOREIGN ATTACHMENT,
GARNISHMENT OR REPLEVIN, TO DEPRIVE BORROWER OF ANY OF ITS PROPERTY, AT ANY TIME
PRIOR TO FINAL JUDGMENT IN ANY LITIGATION INSTITUTED IN CONNECTION WITH THIS
NOTE.

     All agreements between the Borrower and the Bank are hereby expressly
limited so that in no contingency or event whatsoever, whether by reason of
acceleration of maturity of the indebtedness evidenced hereby or otherwise,
shall the amount paid or agreed to be paid to the Bank for the use or the
forbearance of the indebtedness evidenced hereby exceed the maximum permissible
under applicable law. As used herein, the term "applicable law" shall mean the
law in effect as of the date hereof; provided, however, that in the event there
is a change in the law which results in a higher permissible rate of interest,
then this Note shall be governed by such new law as of its effective date. In
this regard, it is expressly agreed that it is the intent of the Borrower and
the Bank in the execution, delivery and acceptance of this Note to contract in
strict compliance with the laws of The Commonwealth of Massachusetts from time
to time in effect. If, under or from any circumstances whatsoever, fulfillment
of any provision hereof at the time of performance of such provision shall be
due, shall involve transcending the limit of such validity prescribed by
applicable law, then the obligation to be fulfilled shall automatically be
reduced to the limits of such validity, and if under or from circumstances
whatsoever the Bank should ever receive as interest an amount which would exceed
the highest lawful rate, such amount which would be excessive interest shall be
applied to the reduction of the principal balance evidenced hereby and not to
the payment of interest. This provision shall control every other provision of
all agreements between the Borrower and the Bank. If any provision of this Note
shall, to any extent, be held invalid or unenforceable, then only such provision
shall be deemed ineffective and the remainder of this Note shall not be
affected.

     The Bank may at any time pledge all or any portion of its rights under the
loan documents including any portion of this Note to any of the twelve (12)
Federal Reserve Banks organized under Section 4 of the Federal Reserve Act, 12
U.S.C. Section 341. No such pledge or enforcement thereof shall release the Bank
from its obligations under any of the loan documents.

                                   Page 3 of 5
<PAGE>

     The Bank shall have the unrestricted right at any time and from time to
time, and without the consent of or notice to the Borrower, to grant to one or
more banks or other financial institutions (each, a "Participant") participating
interests in the Bank's obligation to lend hereunder and/or any or all of the
loans held by the Bank hereunder. In the event of any such grant by the Bank of
a participating interest to a Participant whether or not upon notice to the
Borrower, the Bank shall remain responsible for the performance of its
obligations hereunder and the Borrower shall continue to deal solely and
directly with the Bank in connection with the Bank's rights and obligations
hereunder. The Bank may furnish any information concerning the Borrower in its
possession from time to time to prospective Participants, provided that the Bank
shall require any such prospective Participant to agree in writing to maintain
the confidentiality of such information.

     The Borrower waives diligence, demand, presentment for payment, notice of
nonpayment, protest and notice of protest, and notice of any renewals or
extensions of this Note, and all rights under any statute of limitations, and
agrees that the time for payment of this Note may be extended at the Bank's sole
discretion, without impairing the Borrower's liability hereon, and the Borrower
further consents to the release of all or any part of the security for the
payment hereof at the discretion of the Bank, or the release of any party liable
for this obligation without affecting the liability of the other parties hereto.
Any delay on the part of the Bank in exercising any right hereunder shall not
operate as a waiver of any such right, and any waiver granted for one occasion
shall not operate as a waiver in the event of any subsequent default.


     This Note shall bind the heirs, executors, administrators, successors and
assigns of each Borrower and shall inure to the benefit of the Bank, its
successors and assigns.




              [The remainder of this page intentionally left blank]









                                   Page 4 of 5
<PAGE>

     This Note is executed as a sealed instrument and shall be governed by and
construed in accordance with the laws of The Commonwealth of Massachusetts.


WITNESS:                                ABLE LABORATORIES, INC.



 /s/Robert Weinstein                    By: /s/Dhananjay G. Wadekar
-----------------------------               -----------------------------------
                                        Print Name: Dhananjay G. Wadekar
                                                    ---------------------------
                                        Title: President
                                               --------------------------------








                                   Page 5 of 5