50.6 F
New York
Friday, December 4, 2020

Lannett Inc. [NYSE: LCI] Introduces FDA Approved Levothyroxine Tablets

Must read

Ring [NYSEMKT: REI] Energy Started Drilling Operation In New Horizontal Well

Ring Energy declared that the company has started operations on its new well. The company told that in ten months, it finally initiated...

KKR [NYSE: KKR] Purchased Two Industrial Properties Of Worth $171Million

KKR & Co. Inc. announced that it purchased two properties in texas for distribution purposes. The industrial properties total an area of...

EchoStar [NASDAQ: SATS] Partners With JT And Brings A Single Terminal For Network Connectivity To Market

EchoStar Corp.  declared that it has collaborated with Jersey Telecom so that it can provide its clients in the United Kingdom and Europe...

Capstone [NASDAQ: CPST] Receives An 800Kw Microturbine Order From Costa

Capstone Turbine Corp. declared that it has acquired an order of 800KW microturbine from the Costa Group. The request was obtained by the...

Lannett Company Inc. [NYSE: LCI] has announced the launch of Cediprof Inc.’s FDA approved Levothyroxine Sodium Tablets USP. The company has earlier inked the temporary exclusive supply and distribution agreement for Levothyroxine with Cediprof Inc.

Previously, Lannett has disclosed that it is anticipating to start the distribution of Levothyroxine Tablets in the US on August 3. Today the Lannett Inc. has introduced the Levothroxyine Tablet which is FDA approved.

Lannett Company, Inc.’s shares soared 1.07% and up +0.06 during the trading of Monday. It has opened at $6.00 and has a closing price of $6.01. Lannett has a day low range of $5.95 and a high range of $6.02. It had a trading volume of 32.63K and an average volume of 723.85K.

In the past 52-weeks of trading, Lannett’s shares have fluctuated between the low of $4.89 and a high of $15.52. It has moved up 21.68% from its 52-weeks low and moved down -61.66% from its 52-weeks high.

If we look at its profitability, its return on assets (ROA) is -2.70%, return on investment (ROI) is -17.70% and return on equity (ROE) is -9.70%. Continuing to look at its liquidity, its quick ratio is 1.40 and current ratio is 2.00. While the company’s debt to equity ratio is 2.24.

Lannett Inc. has reported the sales of 541.70 million and has a market capitalization of 248.17 million. Its Gross Margin is 32.30%, Profit Margin is -5.80% and an Operating Margin is 5.80%.

Levothyroxine is the most prescribed drug in the US as it is an important medication for the ones with thyroid deficiency. Cediprof’s previous distribution partner disagreed with the new partner and challenge the termination notice it has received earlier.

But Judges in two courts rejected a request for a temporary restraining order from the previous distribution partner, which prohibit the Cediprof to end the previous agreement and transfer the distribution rights to Lannett. Now the court order removed the hurdle for the distribution of a product in the US.

More articles

Latest article

Vodafone [NASDAQ: VOD] and RingCentral signs a partnership to provide next-generation services

Vodafone signed a strategic alliance with Ring Central . The association will modify business connections and alliances. The enterprises have joined hands to...

Salesforce [NYSE: CRM] Enters A Deal To Acquire Slack

Salesforce engages in a contract to buy Slack at a worth of $27.7B. This purchase to build an operating system for the...

Xilinx [NASDAQ: XLNX] Announced That It Acquired Falcon Computing

Xilinx Inc. declared that it has purchased falcon Computing Solutions to make flexible computing more accessible and easily adapted by computer programmers. The...

Luokung Corp. [NASDAQ: LKCO] To Acquire EMG For RMB 836 Million

Luokung Technologies Corp. a location-based service company has agreed to buy EMG technologies for Ren Min Bi  836 million. The company will pay...

Nokia [NYSE: NOK] Extends Collaboration With AT&T to Deliver Seamless IoT Connectivity

Nokia Corp. declared that the company has extended its contract with AT&T . The collaboration among the companies can supply and provide an...

Wendy [NASDAQ: WEN] Strikes A Deal With Rebel Foods To Open 250 Cloud Kitchens.

Wendy’s Co. and Rebel foods have partnered to open about 250 cloud kitchens in India. These kitchens will only serve the customer with...

Tesla [NASDAQ: TSLA] Recalls 9537 SUV’s Because Of Manufacturing Issues

Tesla Inc. has released safety recall orders for more than 9500 of its vehicle in the United States. The vehicles include Model Xs...

Northrop [NYSE:NOC] awarded a deal of $4.8B for Global Hawk Aircraft

Northrop Gruman Corp. has been awarded a deal to perform development, transformation, retrofit, and sustenance activities for the Global Hawk Program. This deal...