US Firm Emphasizes Promise Of Future Launches Amid ‘Ongoing’ Pressures And Returns
• By David Wallace
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Lannett once again saw its sales and profits hit by “ongoing competitive pressures” as well as a high rate of product returns in its financial third quarter. However, the company is banking on several major long-term pipeline opportunities, as well as a handful of nearer-term launches, to reverse its decline.
Lannett is betting on a boost from several key pipeline assets • Source: Ben Schonewille / Alamy Stock Photo
Lannett is continuing to bank on a series of potentially high-value pipeline products – including two insulin biosimilars and a trio of complex respiratory generics – as well as certain nearer-term launches to reverse the downward trajectory seen for the company’s sales and profits.
“Ongoing competitive pressures” and rising rates of returns led the firm to further declines in its financial third quarter ended...
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