AMEX, LCI - Lannett Co Inc
Lannett Company, Inc. (the ?Company,? ?Lannett,? ?we,? or ?us?) was incorporated
in 1942 under the laws of the Commonwealth of Pennsylvania, and reincorporated
in 1991 as a Delaware corporation. We develop, manufacture, market and
distribute generic versions of pharmaceutical products. The Company reports
financial information on a quarterly and fiscal year basis, the most recent
being the fiscal year ended June 30, 2007. All references herein to a fiscal
year refer to the Company?s fiscal year ending June 30.
The Company is focused on increasing our share of the generic pharmaceutical
market. We were able to increase net sales during fiscal 2007 by adding new
products, and by increasing sales under existing distribution agreements. We
plan to improve our financial performance by expanding our line of generic
products, increasing unit sales to current customers and reducing overhead and
administrative costs. ...
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