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Lannett Co. (LCI) Gets FDA Aproval for Phentermine HCl ANDA

January 31, 2012 8:25 AM EST
LCI Hot Sheet
Overall Analyst Rating:
    BUY (= Flat)
Lannett Company, Inc. (AMEX: LCI) today announced that it has received approval from the U.S. Food and Drug Administration (FDA) of its supplemental Abbreviated New Drug Application (ANDA) for Phentermine HCl Capsules, 15 mg. Sales of Phentermine HCl Capsules, 15 mg, at Average Wholesale Price (AWP) were approximately $11 million for the year ending December 2011, according to Wolters Kluwer. Additional sales of this drug are made through bariatric centers. The company expects to commence shipping the product shortly.

Phentermine Hydrochloride (HCl) is indicated for the short-term management of obesity.


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