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LCI

 
Hoover's Profile: Lannett Company, Inc.
(NYSE Alternext:LCI)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
Lannett Company, Inc.
9000 State Rd.
Philadelphia, PA 19136-1615
PA Tel. 215-333-9000
Toll Free 800-325-9994
Fax 215-333-9004

Type: Public
On the web: http://www.lannett.com
Employees: 277
Employee growth: 24.8%

Lannett banks on the designation of "bioequivalent" for its products. The firm manufactures and markets generic prescription drugs including painkillers (including two versions of Novartis' migraine treatment Fiorinal), anticonvulsants for epileptics, and Digoxin for congestive heart failure (a version of Lanoxin). The company has also developed a generic version of Abbott Laboratories' Synthroid. While it manufactures some of its products, Jerome Stevens Pharmaceuticals manufactures a significant portion of Lannett's inventories. Lannett prefers to focus on products with few generic competitors. Chairman William Farber and his family own more than half of the company.

Key numbers for fiscal year ending June, 2009:
Sales: $119.0M
One year growth: 64.4%
Net income: $6.5M

Officers:
Chairman: William Farber
President, CEO, and Director: Arthur P. Bedrosian
VP Operations: Stephen J. Kovary

Competitors:
King Pharmaceuticals
Mylan
Watson Pharmaceuticals

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