About Lannett company
Lannett Company: Providing Affordable Generic Pharmaceutical Products for Over 75 Years
Lannett Company is a leading provider of high-quality, affordable generic pharmaceutical products. With over 75 years of experience in the industry, Lannett has established itself as a trusted name in the development and manufacturing of generic drugs.
The company was founded in 1942 by brothers Mendel and Robert Solomon, who started out by producing cough syrup and other liquid medications. Over time, Lannett expanded its product line to include tablets, capsules, and other solid dosage forms.
Today, Lannett offers a wide range of generic pharmaceutical products across multiple therapeutic categories. These include cardiovascular drugs, pain management medications, anti-infectives, central nervous system agents, and more.
One of the key strengths of Lannett is its commitment to quality. The company operates state-of-the-art manufacturing facilities that adhere to strict regulatory standards set forth by the U.S. Food and Drug Administration (FDA) and other global regulatory agencies.
In addition to its focus on quality manufacturing practices, Lannett also places a strong emphasis on research and development (R&D). The company has an experienced team of scientists who work tirelessly to develop new formulations that meet the needs of patients around the world.
Another important aspect of Lannett's business model is affordability. The company recognizes that many patients struggle with high healthcare costs and works hard to keep prices low without sacrificing quality or safety.
To achieve this goal, Lannett employs innovative cost-saving strategies such as vertical integration (i.e., owning multiple stages in the supply chain), strategic partnerships with suppliers and distributors around the world), lean manufacturing techniques (i.e., minimizing waste), among others.
Overall,Lanette's commitment towards providing affordable yet high-quality generic pharmaceutical products has made it one of most respected companies in this space globally.
Generic Pharmaceutical Development at Lanette
At Lanette Company,the process for developing new generic pharmaceuticals involves several stages:
1) Research & Development: This stage involves identifying potential drug candidates through various sources such as academic research papers or clinical trials data from innovator companies.
2) Formulation Development: Once potential drug candidates have been identified,Lanette's R&D team works on developing formulations that are bioequivalent i.e., they have similar pharmacokinetic properties compared to innovator drugs.
3) Analytical Method Development: In order to ensure consistent quality throughout production,Lanette develops analytical methods for testing raw materials,in-process samples,and finished products.
4) Clinical Trials: Before launching any new product into market,Lanette conducts clinical trials which are designed according FDA guidelines.This helps them establish safety,effectiveness,and tolerability profiles for their generics.
5) Regulatory Approval Process : After successful completion clinical trials ,Lanette submits applications seeking approval from regulatory authorities like FDA.Once approved,the product can be launched into market.
Manufacturing Capabilities at Lanette
Lanette operates several state-of-the-art manufacturing facilities located across United States.Their facilities are equipped with modern technology which allows them produce large volumes while maintaining highest levels consistency,reliability,and efficiency.They follow Good Manufacturing Practices(GMPs),which ensures all their processes comply with international standards set forth by regulatory authorities like FDA.
Conclusion
In conclusion,Lanette Company has been providing affordable yet high-quality generic pharmaceutical products for over 75 years.Their commitment towards innovation,research & development,cost-saving strategies,and adherence towards strict regulations makes them one most respected companies globally.Leveraging their expertise in formulation development ,analytical method development ,clinical trials ,and efficient GMP compliant manufacturing capabilities they continue provide safe,effective,and reliable medicines at an affordable price point .
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