Waiver of covenant

Waiver Agreement

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This Waiver Agreement involves

AMPHASTAR PHARMACEUTICALS, INC. | General Electric Capital Corp.

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Title: Waiver of covenant
Date: 4/3/2006

Waiver of covenant, Parties: amphastar pharmaceuticals inc. , general electric capital corp.

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Exhibit 10.29b

Life Science Finance

GE Commercial Finance
Healthcare Financial Services

March 27, 2006

Mr. David Nassif, Senior Vice President and Chief Financial Officer
Amphastar Pharmaceuticals, Inc.
11570 Sixth Street
Rancho Cucamonga, CA 91730

Re: Waiver of covenant

Dear David:

Under Addendum No. 001, Covenant (a), to the Master Security Agreement ("Agreement") dated August 1, 2005 running between Amphastar Pharmaceuticals, Inc. ("Debtor') and General Electric Capital Corp. ("GE Capital"), Debtor has agreed to maintain a Debt Service Coverage Ratio (as defined in the Covenant) of 1.40:1 during the term of the Agreement.

GE Capital hereby waives compliance of Covenant (a) for the financial quarter ending December 31, 2005. GE

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