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With a Rate Decision, GDP Report Due Today, the Fed Walks the High Wire Again

Tue, 06 May 2008 04:48:45 GMT

If U.S. Federal Reserve policymakers make the expected quarter-point rate cut at the end of their meeting today (Wednesday), the impact will be felt well beyond U.S. borders.[More...]

Despite Market Woes, Handful of Area Firms Posted Solid '08 Gains

Sat, 03 Jan 2009 10:09:00 GMT

Jan. 3--A fortunate handful of Philadelphia-area companies bucked the stock market's plunge in 2008 to post solid gains -- a result of increased sales, low-cost products and conservative investing.
While it was a miserable year for U.S. banks, shares of Univest Corp. of Pennsylvania soared 52 percent, the third-best gain among local companies.
The Souderton bank has 33 branches in Bucks and Montgomery Counties.

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Lannett Company Files Universal Shelf Registration Statement on Form S-3

Fri, 02 Oct 2009 21:46:00 GMT

Lannett Company, Inc. (NYSE Amex: LCI), a manufacturer of generic pharmaceuticals, today announced that it has filed a $150 million universal shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC).
A registration statement relating to these securities has been filed with the SEC, but has not yet become effective.
A copy of the final prospectus relating to any offering under the registration statement will be filed with the SEC and can be obtained, when available, by contacting Lannett Company, Inc., Attention: Chief Financial Officer, 9000 State Road, Philadelphia, PA 19136.

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Lannett Reports Fiscal 2009 Fourth-Quarter, Full-Year Financial Results

Wed, 09 Sep 2009 20:46:00 GMT

Lannett Company, Inc. (NYSE Amex: LCI) today reported financial results for the fiscal 2009 fourth quarter and full year ended June 30, 2009.
Net income was $6.5 million, or $0.27 per diluted share, compared with a net loss of $2.3 million, or $0.10 per share, for the prior year.
On Wednesday, September 9, 2009, the company will host a conference call with interested parties beginning at 4:30 p.m. ET to review its results of operations for the fourth quarter and full year ended June 30, 2009.

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Lannett Company to Report Fiscal 2009 Fourth-Quarter, Full-Year Financial Results and Host Conference Call on Wednesday, September 9, 2009

Tue, 08 Sep 2009 17:49:00 GMT

Lannett Company, Inc. (NYSE Amex: LCI), a manufacturer of generic pharmaceuticals, today announced that the company will release its fiscal 2009 fourth-quarter and full-year financial results on Wednesday, September 9, 2009.
Lannett management will host a conference call that same afternoon at 4:30 p.m. Eastern (1:30 p.m. Pacific) to review financial results and answer questions.
The call will be archived and accessible on the Web site for one year.

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Lannett Company Announces Positive FDA Inspection Results

Mon, 27 Jul 2009 11:51:00 GMT

Lannett Company, Inc. (NYSE Amex:LCI), a manufacturer of generic pharmaceuticals, today announced that the U.S. Food and Drug Administration (FDA) has completed its cGMP compliance inspection of Lannett’s wholly owned subsidiary Cody Laboratories, Inc. (Cody), a manufacturer/supplier of bulk active pharmaceutical ingredients (API) and finished dosage form products. The two-week long FDA inspection resulted in two minor 483 observations, neither of which prevents Cody from continuing to manufacture products.[More...]

Lannett Company Announces William Farber Resumes Role as Chairman

Thu, 16 Jul 2009 12:18:00 GMT

Lannett Company, Inc. (NYSE Amex: LCI), a manufacturer of generic pharmaceuticals, today announced that William Farber has resumed the role as chairman of the company’s board of directors. In September 2008, Lannett said that Farber had taken a temporary leave of absence for health reasons.[More...]

Lannett Company to Be Added to Russell 2000 Index

Mon, 22 Jun 2009 12:31:00 GMT

Lannett Company, Inc. (NYSE Amex: LCI), a manufacturer of generic pharmaceuticals, today announced that the company’s shares have been added to the preliminary list of the Russell 2000® Index.[More...]

Lannett Company Names Terence D. Vollrath Executive Vice President

Tue, 09 Jun 2009 12:22:00 GMT

Lannett Company, Inc. (AMEX: LCI), a manufacturer of generic pharmaceuticals, today announced the appointment of Terence D. Vollrath as executive vice president of its wholly owned subsidiary, Cody Laboratories (Cody), a manufacturer/supplier of bulk active pharmaceutical ingredients (API).[More...]

Lannett Reports Fiscal 2009 Third Quarter Financial Results

Tue, 12 May 2009 20:47:00 GMT

Lannett Company, Inc. (NYSE Amex: LCI) today reported financial results for the third quarter and first nine months of fiscal 2009 ended March 31, 2009.
Net income was $1.3 million, or $0.05 per diluted share, versus a net loss of $1.3 million, or $0.05 per share, for the prior year third quarter.
On Tuesday, May 12, 2009, the company will host a conference call with interested parties beginning at 4:30 p.m. ET to review its results of operations for the third quarter ended March 31, 2009.

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Lannett Company Receives FDA Approval for Pilocarpine HCI Tablets 7.5 mg Strength

Fri, 08 May 2009 12:00:00 GMT

Lannett Company, Inc. (AMEX: LCI), a manufacturer of generic pharmaceuticals, today announced that it has received approval from the U.S. Food and Drug Administration (FDA) of its supplemental Abbreviated New Drug Application (ANDAs) for Pilocarpine HCI tablets, 7.5 mg, the generic equivalent of Salagen®, marketed by Eisai Pharmaceuticals. Lannett previously received and currently markets Pilocarpine HCI tablets, in the 5 mg strength. According to Wolters Kluwer, sales in 2008 of both generic and brand Pilocarpine HCI 7.5 mg tablets were $2.5 million at Average Wholesale Price.[More...]

Lannett Company to Report Fiscal 2009 Third-Quarter Financial Results and Host Conference Call on Tuesday, May 12, 2009

Wed, 06 May 2009 21:01:00 GMT

Lannett Company, Inc. (NYSE Amex:LCI), a manufacturer of generic pharmaceuticals, today announced that the company will release its fiscal 2009 third-quarter financial results on Tuesday, May 12, 2009. Lannett management will host a conference call that same afternoon at 4:30 p.m. EDT (1:30 p.m. PDT) to review financial results and answer questions.[More...]