Lannett (LCI) Misses Q3 EPS by 10c
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Lannett Reports Fiscal 2017 Third-Quarter Financial Results
May 2, 2017 4:15 PM EDTPHILADELPHIA, May 2, 2017 /PRNewswire/ --Â Lannett Company, Inc. (NYSE: LCI) today reported financial results for its fiscal 2017 third quarter ended March 31, 2017.Â
"Net sales in our fiscal 2017 third quarter increased compared with the same quarter last year, largely due to volume increases, even though sales were reduced by $4.5 million as a result of Medicaid's Inflation-Adjusted Rebate program," said Arthur Bedrosian, chief executive officer of Lannett. "The program began being applied to generic drugs for the first time in... More
