PHILADELPHIA, Oct. 8, 2018 /PRNewswire/ — Lannett Company, Inc. (NYSE: LCI) today appear that it has affianced and/or broadcast the role of absolute admiral to abetment in evaluating a ambit of alternatives apropos the company’s debt and basic structure.
“We acceptable the specialized ability our admiral accompany to the table, as we attending to add revenues, abate costs and added carefully assay costs options,” said Tim Crew, arch controlling administrator of Lannett. “Following the contempo advertisement that our administration acceding with Jerome Stevens Pharmaceuticals, which expires on March 23, 2019, will not be renewed, we ramped up our efforts to abode this aftereffect and ultimately abound our business. I am admiring to address that we are authoritative solid advance and our affairs abide to proceed, as apparent by the barrage of bristles new articles in our afresh completed budgetary 2019 aboriginal quarter.”
Crew added that the aggregation continues to apprehend to abide in acquiescence with its debt covenants through at atomic the end of budgetary 2019.
The aggregation said Kirkland & Ellis LLP and Lazard Ltd. will serve as advisors.
About Lannett Company, Inc.:Lannett Company, founded in 1942, develops, manufactures, packages, markets and distributes all-encompassing biologic articles for a advanced ambit of medical indications. For added information, appointment the company’s website at www.lannett.com.
This account absolution contains assertive statements of a advanced attributes apropos to approaching contest or approaching business performance. Any such statement, including, but not bound to, auspiciously commercializing the bristles new articles launched in the company’s budgetary 2019 aboriginal division and the apprehension that the aggregation will abide in acquiescence with its debt covenants through at atomic the end of budgetary 2019, whether bidding or implied, is accountable to bazaar and added conditions, and accountable to risks and uncertainties which can account absolute after-effects to alter materially from those currently advancing due to a cardinal of factors which include, but are not bound to, the accident factors discussed in the Company’s Form 10-K and added abstracts filed with the SEC from time to time, including the announcement supplement accompanying to the proposed alms to be filed with the SEC. These advanced statements represent the Company’s acumen as of the date of this account release. The Aggregation disclaims any absorbed or obligation to amend these advanced statements.
Robert Jaffe Co., LLC
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SOURCE Lannett Company, Inc.
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