Lannett Company, Inc. Reports Preliminary Unaudited Fiscal 2007 Financial Results

PHILADELPHIA--(BUSINESS WIRE)--Lannett Company, Inc. (AMEX:LCI) today reported preliminary, unaudited financial results for the fiscal 2007 full-year ended June 30, 2007. Lannett is unable to timely file its annual report for the year ended June 30, 2007 on Form 10-K due to a final review resulting from the restatement of its financial results as previously disclosed on Form 12b-25 filed with the SEC on September 13, 2007 and Form 8-K filed on September 25, 2007 and due to a review of its accounting for the April 2007 acquisition of a bulk raw material supplier. It is currently expected that Lannett will file its annual report for the year ended June 30, 2007 on Form 10-K no later than the week of October 8, 2007.

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