Wyoming Business Council

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At least 80 jobs lost as Cody Labs to close by October

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The parent company of Cody Labs is laying off at least 80 workers as a result of plans to close its plant by the end of September.

CODY, WYO. — Approximately 80 people employed at active pharmaceutical ingredient manufacturer Cody Labs will lose their jobs over the next 100 days, after parent company Lannett Co. Inc. announced plans this week to close the facility by the end of September. Cody Labs is a wholly owned subsidiary of Philadelphia-based pharmaceutical manufacturer Lannett, which also operates drug manufacturing facilities in Carmel, N.Y. and Seymour, Ind. Lannett had been seeking a buyer since last fall for its Cody plant. Continue Reading →

Filed under: Gateway Towns, cody labs, forward cody, Wyoming Business Council

Cody Labs parent company faces claims in multi-state price-fixing investigation

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The parent company of Cody Labs is laying off at least 80 workers as a result of plans to close its plant by the end of September.

 
CODY, WYO. — Investigations by attorneys general for several states into generic drug price fixing appear to be advancing, and the parent company of Cody Labs is likely to be subject to claims brought as a result of that investigation, according to a recent federal securities filing. Philadelphia-based pharmaceutical manufacturer Lannett, Co. disclosed in a public quarterly report filed Monday that it was notified earlier this month by investigators that the company was among a group of drug manufacturers state attorneys general will be filing claims against in a long-running, multi-state investigation into anti-competitive behavior in the generic drug industry. Cody Labs is a wholly owned subsidiary of Lannett, which also operates drug manufacturing facilities in Carmel, N.Y. and Seymour, Ind. Continue Reading →

Filed under: Gateway Towns, cody labs, Wyoming Business Council

Yellowstone volcano risk may hinder Wyoming data center efforts

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mount st helens

Gateway communities around Grand Teton and Yellowstone national parks benefit greatly from the parks' millions of annual visitors, who spent more than $750 million in the region in 2010. But Cody and other Wyoming communities east of Yellowstone could miss out on an emerging economic development opportunity because of fears about volcanic activity in the park. Wyoming Gov. Matt Mead has made it an economic development priority for the state to attract large-scale data centers like a planned $112 million cloud computing hub to be built in Cheyenne by software giant Microsoft, Corp. But a recent statewide assessment of Wyoming's ability to attract and support such data centers found that some industry leaders are wary of locating facilities in the state's northwestern corner, citing the risk of a volcanic eruption in Yellowstone Park. Continue Reading →

Filed under: Gateway Towns, cody, data center, iceland, Wyoming Business Council, yellowstone super volcano, yellowstone volcano, yellowstone volcano observatory