Cody Pharmaceutical Company Up for Sale

CODY, Wyo. (AP) — The owner of Wyoming's only drug-manufacturing business is planning to sell most of its operations in Cody.

Cody Laboratories, which was founded 18 years ago, produces generic prescription pain medications. It has been owned by Lannett Co. since 2007.

In the spring of 2017, Lannett broke ground on a $50.5 million campus in Cody. But after about a year of activity, Lannett shut down construction indefinitely.

In July, the company announced plans to cut 50 jobs at the Cody operation.

Forward Cody president James Klessens said he could not comment.

The local economic development corporation leases a chemical storage warehouse to Cody Labs and was instrumental in the creation of a state large business development loan program to benefit Lannett's plans to expand in Cody.