Lannett: Pricing Pressure Has ‘Intensified Beyond Historical Norms’

US-Based Firm ‘Not Sitting Back’ To Address Challenges

Not many firms report a negative EBITDA when adjusted for costs, but this was the fate of Lannett during its financial Q2. Management addressed the challenges for Lannett’s base business and the ways in which the firm intends to turn the tide in the coming years.

challenge
Lannett has major steps to make to return to growth • Source: Alamy

Lannett Company, Inc. insists that it is “not sitting back merely watching events unfold,” after reporting a $68.1m operating loss for the last three months of 2021, driven in part by a generic pricing environment that has “intensified beyond historical norms and our recent expectations.”

Adding new products to the company pipeline, being “even more selective in our development processes,” “vigilantly reducing costs when and...

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