LANNETT (LCI) : 0.668 +2.56%
52w: 0.385 - 1.91
* LANNETT COMPANY INC - ON DECEMBER 15, AUTHORIZED A
RESTRUCTURING
AND COST SAVINGS PLAN TO STREAMLINE AND REALIGN OUR OPERATIONS
* LANNETT COMPANY INC - THE ACTIONS WILL RESULT IN REDUCTION
TO
WORKFORCE BY 64 POSITIONS, EQUAL TO ABOUT 11% OF CO'S TOTAL
NUMBER OF EMPLOYEES
* LANNETT COMPANY INC - WORKFORCE REDUCTION WILL BE
IMPLEMENTED IN
SEVERAL PHASES THROUGHOUT REMAINDER OF COMPANY'S CURRENT FISCAL
YEAR
* LANNETT COMPANY INC - ANTICIPATES EXITING STATE ROAD AND
TORRESDALE FACILITIES IN PHILADELPHIA, PENNSYLVANIA BY END OF
CURRENT FISCAL YEAR
* LANNETT COMPANY INC - ESTIMATES THAT IT WILL INCUR ABOUT
$3.0
MILLION IN SEVERANCE-RELATED COSTS IN CONNECTION WITH 2022
RESTRUCTURING PLAN
* LANNETT COMPANY INC - 2022 RESTRUCTURING PLAN INCLUDES
OPERATIONAL IMPROVEMENTS AND COST EFFICIENCIES
* LANNETT- 2022 RESTRUCTURING PLAN INCLUDES ENGAGEMENT WITH
MORE
EXTERNAL PARTNERS & TECHNOLOGY PROVIDERS, GLOBALLY, TO EXECUTE
ON RESEARCH AND DEVELOPMENT PLANS, OPERATIONS
