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Stock Market & Financial Investment News

News Breaks
December 7, 2012
15:10 EDTLCILannett announces renewal of universal shelf registration statement
Lannett announced that the renewal of its universal shelf registration statement on Form S-3 was declared effective by the SEC. The universal shelf registration statement replaces the company's previous shelf registration statement, which expired on November 20. The universal shelf registration statement permits the company to offer and sell, from time to time, on a continuous or delayed basis in the future, up to $63.75M of equity, debt or other types of securities described in the shelf registration statement, or any combination of such securities, in one or more future public offerings. The shelf registration statement also allowscertain shareholders to sell up to $57.5M of the company's common stock. The company will not receive any proceeds from the sale of these shares. The company's prior shelf registration statement permitted the company to offer up to $80M of securities and permitted certain shareholders to sell up to $70M of the company's common stock. The new shelf registration statement represents the unsold portion of the securities registered pursuant to the prior shelf registration statement.
News For LCI From The Last 14 Days
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August 26, 2015
08:44 EDTLCILannett steady execution offers compelling upside, says Susquehanna
Susquehanna noted Lannett delivered solid Q2 results and outlook and believes its stock price is undervaluing the upside potential from new products and business development. The firm also sees the potential for multiple expansion if volume trends remain steady. Susquehanna reiterated its Positive rating but lowered its price target to $70 from $75 on Lannett shares.
August 25, 2015
16:08 EDTLCILannett sees FY16 CapEx $60M-$70M
Which includes $30M to continue the partial fit-out of company-owned buildings. Sees FY16 gross margin as a percentage of net sales of approximately 71%-73%; R&D expense in the range of $33M-$35M; SG&A expense ranging from $57M-$59M, which includes approximately $5M in acquisition-related expenses; The full year effective tax rate to be in the range of 34%-35%.
16:06 EDTLCILannett sees FY16 revenue $425M-$435M, consensus $433.55M
16:05 EDTLCILannett reports Q4 EPS 91c, consensus 86c
Reports Q4 revenue $99.3M, consensus $97.62M.
August 18, 2015
07:59 EDTLCILannett subsidiary receives approval for Aripiprazole Oral Solution
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