Lannett Receives FDA Approval for Aspirin and Extended-Release Dipyridamole Capsules
On March 27, Lannett Company, Inc. (LCI) reported that they have received FDA approval for their Abbreviated New Drug Application (ANDA) for Aspirin and Extended-Release Dipyridamole Capsules, 25mg/200mg. The drug is the therapeutic equivalent to Aggrenox Capsules, 25 mg/200 mg by Boehringer Ingelheim Pharmaceuticals. Total annual sales in the US for Aspirin and Extended-Release Dipyridamole Capsules were $174.6 million.
Rocket Tickers subscribers received an alert at 6:52 am. The next trade was for $7.20 at 7:14 am, and regular market trading opened for the day at $7.16. After an initial spike, the stock price faded during the first hour of regular market trading. Then, the price pushed higher throughout the remainder of the day to close at $7.47 with an event-day gain of 4.3%.
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