Lannett Purchases Stock Under Repurchase Program
2010年9月15日 - 6:11AM
ビジネスワイヤ(英語)
Lannett Company, Inc. (NYSE AMEX: LCI) announced that today it
purchased 1,270 shares of its common stock in the open market under
the company’s stock repurchase program. Under the program, the
company is authorized to repurchase up to $5 million of Lannett’s
outstanding common stock from time to time in open market and
privately negotiated transactions.
“We are confident in the future of our company and believe that
at current prices Lannett shares represent an attractive long term
investment for the company and its shareholders,” said Arthur
Bedrosian, president and chief executive officer of Lannett.
Bedrosian went on to say that the company intends to purchase
additional shares each day for the rest of this week, subject to
compliance with particular repurchase requirements promulgated by
the Securities and Exchange Commission (SEC).
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 the
company’s website at www.lannett.com.
This news release contains certain statements of a
forward-looking nature relating to future events or future business
performance. Any such statements, including, but not limited to,
purchasing additional shares of the company’s common stock, whether
expressed or implied, are subject to risks and uncertainties which
can cause actual results to differ materially from those currently
anticipated due to a number of factors which include, but are not
limited to, the difficulty in predicting the timing or outcome of
FDA or other regulatory approvals or actions, the ability to
successfully commercialize products upon approval, Lannett’s
estimated or anticipated future financial results, future inventory
levels, future competition or pricing, future levels of operating
expenses, product development efforts or performance, and other
risk factors discussed in the company’s Form 10-K and other
documents filed with the Securities and Exchange Commission from
time to time. These forward-looking statements represent the
company's judgment as of the date of this news release. The company
disclaims any intent or obligation to update these forward-looking
statements.
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