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Lannett Company Snapshot
Lannett banks on the designation of "bioequivalent" for its products. The firm manufactures and markets generic prescription drugs such as thyroid treatment Levo (the generic name for Abbot Labs' Synthroid), migraine drug Butalbital, anticonvulsant Primidone for epileptics, and Digoxin for congestive heart failure. While Lannett maintains two manufacturing facilities, it also relies on manufacturer Jerome Stevens Pharmaceuticals for a significant portion of its inventories. By focusing on products with few generic competitors, the company has had strong growth of its leading drugs. Chairman William Farber and his family own more than half of the company.
