Exhibit 10.32

Confidential Portion Indicated by [***]

CONFIDENTIAL
June 10, 2003

CONFIDENTIAL TREATMENT REQUESTED
S.E.C. REDACTED COPY

INVENTORY MANAGEMENT AGREEMENT

This Inventory Management Agreement ("Agreement") is entered into as of June 10, 2003 by and between First
Horizon Pharmaceutical Corporationa Georgia corporation with its principal place of business located at 6195 Shiloh Road,
Alpharetta, GA. 30005("FHPC"),andMcKesson Corporation(1) with its business located at One Post
Street, San Francisco, CA. 94104-5296 ("Wholesaler").

RECITALS

WHEREAS, currently FHPC sells Products (as defined below) to Wholesaler and Wholesaler purchases Products from FHPC for resale distribution; and

WHEREAS,
FHPC and Wholesaler desire to assure adequate availability of supply and inventory management of Products.

NOW
THEREFORE, in consideration of the foregoing, the mutual representations, warranties and covenants contained in this Agreement, and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

ARTICLE 1
Definitions

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ARTICLE 2
Purchasing and Inventory



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Participation Options Grid

Participation Option

Data Required

Time PeriodOPTION 1

Wholesaler transmits Inventory Reports to FHPC via EDI (852) on amonthlybasis no later than the 5th day of the following month.

[***]OPTION 2

1.    Wholesaler transmits Inventory Reports to FHPC via EDI (852) on amonthlybasis no later than the 5th day of the following month; and

[***]2.    Wholesaler will provide Customer Outlet Reports (EDI 867's) on amonthlybasis at no charge to FHPC during the term of the Agreement; and3.    Wholesaler will provide quarterly reports detailing the quantity of Products held by Wholesaler as returns in the morgue to FHPC. Such reports are due to FHPC no later than the 15th day following the end of a
quarter.OPTION 3

1.    Wholesaler transmits Inventory Reports to FHPC via EDI (852) on aweeklybasis no later than the 5th day of the following month; and

[***]2.    Wholesaler will provide Customer Outlet Reports (EDI 867's) on a weekly basis at no charge to FHPC during the term of the Agreement; and3.    Wholesaler will provide quarterly reports detailing the quantity of Products held by Wholesaler in returns in the morgue. Such reports are due to FHPC no later than the 15th day following the end of a quarter;
and4.    By the first day of each month, Wholesaler shall give FHPC a (6) six months rolling purchase forecast. Such forecast shall be non-binding on Wholesaler.


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5.    If FHPC initiates a Price increase that is 6% or higher than the Old Price, Wholesaler shall have one (1) additional week for a total [***] to purchase Eligible Product at the Old Price.


Wholesaler selects Participation Option [***].



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ARTICLE 3
Term and Termination; Remedies

ARTICLE 4
Miscellaneous

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IN
WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day first above written.

|FIRST HORIZON PHARMACEUTICAL CORPORATION |  | MCKESSON CORPORATION
                (Wholesaler)
|----------------------------------------- |  | -------------------------------------------------
|By:                                       |  | /s/DARRELL BORNE                                 
|Name:                                     |  | Darrell Borne                                    
|Title:                                    |  | CFO                                              
|                                          |  |                                                  

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