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K-V Pharmaceutical Company Receives Letter From New York Stock Exchange Regarding Delayed Filing of Its Annual Report on Form 10-K for Fiscal Year 2010
Date:7/8/2010

ST. LOUIS, July 8 /PRNewswire-FirstCall/ -- K-V Pharmaceutical Company (NYSE: KVa/KVb) (the "Company") announced today that it received a letter from NYSE Regulation, Inc. ("NYSE") on June 30, 2010 informing the Company that it is subject to certain procedures specified in Section 802.01E of the NYSE's Listed Company Manual ("Section 802.01E") as the result of its failure to timely file its Annual Report on Form 10-K for its fiscal year ended March 31, 2010 (the "2010 Annual Report") with the Securities and Exchange Commission (the "SEC").

The NYSE will monitor the Company and the status of the Company's filing of the 2010 Annual Report for a six-month period from the filing due date of the 2010 Annual Report.  If the 2010 Annual Report is not filed with the SEC upon expiration of such six-month period, the NYSE will, in its sole discretion, determine whether to provide the Company with an additional six-month period in which to file the 2010 Annual Report.   The NYSE letter also states that, regardless of the procedures specified, if the circumstances warrant, the NYSE could commence delisting procedures at any time during the period that is available to complete the filing of the 2010 Annual Report.

As previously disclosed in its Notification of Late Filing on Form 12b-25 filed with the SEC on June 15, 2010, the Company was not in a position to file its 2010 Annual Report with the SEC due to the time required to complete the filings of its other delayed reports required to be filed with the SEC, including its Form 10-Q's for the quarters ended September 30, 2009 and December 31, 2009, both of which were filed on June 10, 2010.  I
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