Lannett Company, Inc. (AMEX:LCI), a manufacturer of generic
pharmaceuticals, today announced that it has received approvals from the
U.S. Food and Drug Administration (FDA) of its Abbreviated New Drug
Applications (ANDAs) for Doxycycline Tablets, 75 mg and 150 mg, the
generic equivalent of Adoxa®
marketed by Par Pharmaceutical, Inc. According to Wolters Kluwer,
combined sales of generic Doxycycline Tablets, 75 mg and 150 mg, were
$25.8 million in 2007.
“The approvals of Doxycycline Tablets, 75 mg
and 150 mg, round out our doxycycline portfolio, supplementing our 50 mg
and 100 mg dosages,” said Arthur Bedrosian,
president and chief executive officer of Lannett. “We
will commence marketing our Doxycycline Tablets, 75 mg and 150 mg,
immediately.”
Doxycycline is indicated for the treatment of bacterial infections, such
as urinary tract infections, acne, gonorrhea, chlamydia, periodontitis
and others.
Lannett Company:
Lannett Company, founded in 1942, develops, manufactures, packages,
markets and distributes generic pharmaceutical products for a wide range
of indications. For more information, visit Lannett Company’s
website at www.lannett.com.
This news release contains certain forward-looking statements, which
express the current beliefs and expectations of management. Such
statements are based on current expectations and involve a number of
known and unknown risks and uncertainties that could cause Lannett’s
future results, performance or achievements to differ significantly from
the results, performance or achievements expressed or implied by such
forward-looking statements. Important factors that could cause or
contribute to such differences include Lannett’s
ability to successfully commercialize Doxycycline Tablets, 75 mg,
successfully develop products, the impact of competition from brand name
companies that sell their own generic products or successfully extend
the exclusivity period of their branded products, the availability of
product liability coverage in the current insurance market, the impact
of pharmaceutical industry regulation and pending legislation that could
affect the pharmaceutical industry, the difficulty of predicting U.S.
Food and Drug Administration and other regulatory authority approvals,
acceptance and demand for new pharmaceutical products and new therapies,
uncertainties regarding market acceptance of innovative products newly
launched, currently being sold or in development, the impact of
restructuring of clients, reliance on strategic alliances, exposure to
product liability claims, dependence on patent and other protections for
innovative products, fluctuations in currency, exchange and interest
rates, operating results and other factors that are discussed in Lannett’s
Annual Report on Form 10K for its fiscal year ended June 30, 2007 and
its other filings with the U.S. Securities and Exchange Commission.
Forward-looking statements speak only as of the date on which they are
made, and the Company undertakes no obligation to update publicly or
revise any forward-looking statement, whether as a result of new
information, future developments or otherwise.
PondelWilkinson Inc.
Robert Jaffe/Evan Pondel, 310-279-5980
