Is Lannett CDMO the Best Pharmaceutical Company to Work For?

 

Lannett Company, Inc., a CDMO (Contract Development and Manufacturing Organization), is a well-known player in the pharmaceutical industry, particularly for its development, manufacturing, and distribution of generic medications. It’s important to evaluate whether working for Lannett CDMO aligns with your professional aspirations. Here’s a breakdown of the benefits and challenges of working at Lannett, and whether it could be considered one of the best pharmaceutical companies to work for.

 

1. Focus on Generic Pharmaceuticals

Lannett primarily operates in the generic pharmaceutical space. This sector offers a unique challenge: creating cost-effective, high-quality alternatives to branded drugs. For those interested in playing a role in providing affordable healthcare options to millions of people, Lannett provides a fulfilling career path.

• Why Lannett?
  • A specialized focus on generics, allowing you to make a broad impact
  • Involvement in a growing segment of the pharmaceutical industry
  • Opportunity to work on critical product launches and life-saving drugs

2. Career Growth and Opportunities

As a CDMO, Lannett allows employees to be involved in a range of services, from drug development to commercial production. This offers unique exposure to different facets of the pharmaceutical manufacturing process, which can be invaluable for career growth.

• Growth Factors:
  • Multidisciplinary experience in drug development and manufacturing
  • Potential for career advancement through a variety of roles and departments
  • Exposure to a wide range of projects, from formulation to commercial manufacturing

3. Company Culture and Work Environment

Lannett is known for having a relatively small but dedicated workforce. For individuals who prefer a more close-knit and collaborative work environment, Lannett could be a good fit. Smaller teams often allow for more direct interaction with leadership and greater visibility for high performers.

• Work Environment Highlights:
  • Collaborative culture with smaller, focused teams
  • Opportunities to take on leadership roles and innovate
  • Personal recognition in a smaller organizational structure

4. Challenges at Lannett

While Lannett offers numerous benefits, there are challenges, especially considering the competitive nature of the generic drug market. The company has faced financial pressures and market challenges, which could affect job security and growth opportunities.

• Challenges:
  • Financial instability in recent years
  • Highly competitive generics market, leading to pricing pressures
  • Limited global footprint compared to larger pharmaceutical companies

Conclusion: Is Lannett CDMO the Best?

Lannett CDMO offers a unique opportunity to work in the generic pharmaceutical space, with exposure to all phases of drug development and manufacturing. While it may not have the global presence or financial stability of some larger pharmaceutical companies like Pfizer or Novartis, it offers significant career growth potential for those passionate about generics and a more personalized work environment.

Ultimately, whether Lannett is the best company for you depends on your personal career goals. If you're looking for growth in a specialized, more intimate environment and want to work in generic pharmaceuticals, Lannett could be a strong choice. However, if you're seeking a more secure, global company with a broader product portfolio, you may want to consider other options in the pharmaceutical space.