- Lannett Company (NYSE:LCI -4.7%) slumps on double normal volume in apparent response to the news that chief of scientific affairs Mahendra Dedhiya, Ph.D., will resign effective October 21 to take a faculty position at Long Island University. He joined Lannett last year as part of the Silarx Pharmaceuticals acquisition.
- A search for a new head of R&D is underway.