Lannett Company Announces William Farber Resumes Role as Chairman

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.

�We are grateful that Bill will resume his role as chairman of the board and continue to advise our company with his deep breadth of expertise,� said Arthur Bedrosian, president and CEO of Lannett. �We would like to thank Jeffrey Farber for seamlessly stepping in and doing a great job as interim chairman during Bill�s absence.�

Jeffrey Farber, William Farber�s son, will resume his position as director. William Farber has been a member of the board of directors since 1991.

About Lannett Company, Inc.

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.

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