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Lannett Appoints Jeffrey Farber As Vice Chairman

Philadelphia, PA – August 16, 2011 – Lannett Company, Inc. (NYSE AMEX: LCI) today announced the appointment of Jeffrey Farber as Vice Chairman of the Board.

Farber, 50, has served as a member of Lannett’s board since May 2006. He founded and is president of Auburn Pharmaceutical, a national generic pharmaceutical distributor. Earlier, Farber held a number of senior management roles in sales and purchasing at Major Pharmaceutical, before becoming its president of the mid-west division. He also served on the board of directors of Vitarine Pharmaceuticals, the manufacturing division of Major Pharmaceutical. Farber earned a bachelor of science degree in business administration from Western Michigan University, and participated in the Pharmacy Management Graduate Program at Long Island University.

About Lannett Company, Inc.:
Lannett Company, founded in 1942, develops, manufactures, packages, markets and distributes generic pharmaceutical products for a wide range of indications. For more information, visit the company’s website at www.lannett.com.

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