12/2/1983 - Filly Pharm (FILF) - CORPORATE ANNOUNCEMENT



Filly Pharm (FILF) issued a statement today questioning the sudden drop in its stock price. Company executives said that they were not aware of any material developments that would result in the extensive selling pressure, which developed on the stock market.


About Filly Pharm (FILF):
Filly Pharm knows you may not recognize the names of its drugs, but it hopes you'll appreciate their prices. Filly is a manufacturer of prescription generic drugs in the US. The company's pharmaceuticals include antibiotics, antidepressants, anti-inflammatories, beta-blockers, and laxatives. Generic drugs account for almost 85% of the company's sales. Through its Berkley Pharmaceuticals subsidiary, Filly also develops and sells branded drugs, with a focus on cardiology, dermatology, and neurology. The company's customers include wholesalers, distributors, retail drugstore chains, and government agencies.