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Elite Pharmaceuticals (ELTP)

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Elite Pharmaceuticals is a specialty pharmaceutical company specializing in niche generics and committed to the development of abuse-deterrent opioids to help curb diversion, misuse and abuse.  Elite has a pipeline of opioid abuse-deterrent products under development utilizing the company’s proprietary pharmacological abuse-deterrent technology.

Elite’s website can be found by going to

How ART Works:

Elite’s proprietary abuse-deterrent technology, ART™, is a multi-particulate capsule which contains an opioid agonist in addition to naltrexone, an opioid antagonist used primarily in the management of alcohol dependence and opioid dependence. When this product is taken as intended, the naltrexone is designed to pass through the body unreleased while the opioid agonist releases over time providing therapeutic pain relief for which it is prescribed. If the multi-particulate beads are crushed or dissolved, the opioid antagonist, naltrexone, is designed to release. The absorption of the naltrexone is intended to block the euphoria by preferentially binding to same receptors in the brain as the opioid agonist and thereby reducing the incentive for abuse or misuse by recreational drug abusers. Elite’s pharmacological approach to abuse-deterrence can be applied to a wide range of opioids used today in pain management.


Recent Press Releases:

Oct 21, 2015
Elite Pharmaceuticals Announces Positive Top-Line Results From a Pivotal Phase 3 Study for Abuse-Deterrent Opioid ELI-200

Aug 10, 2015
Elite Pharmaceuticals Reports Record Revenues for First Quarter of Fiscal Year 2016

Aug 3, 2015
Elite Pharmaceuticals Completes Enrollment and Dosing for ELI-200 Phase III Efficacy Trial

Jun 16, 2015
Elite Pharmaceuticals Granted New Patent for Abuse Deterrent Technology

Jun 9, 2015
Elite Pharmaceuticals and Epic Pharma Enter Into a Sales and Distribution Licensing Agreement for Abuse-Deterrent ELI-200

More information can be found by going to Elite’s investor section:
Highlights From Last Quarter:
Second quarter ending September, 2015
Consolidated revenues for the second quarter of fiscal 2015 was $2.7M, all of which came from Elite's generic operation. An increases of 30% over last quarter's generic revenues. Generic revenue continues to grow with new highs being set  8 out of the 10 last quarters. The cost of revenue for this quarter totals $1.4M, for a gross profit of $1.3M. Overall expenses for the quarter total $5.3M with $4.2M going towards the development of Elite’s proprietary abuse-deterrent opioid product,ELI-200.
Business Update
The first product to utilize Elite's abuse deterrent technology, ELI-200, has successfully completed Phase III studies. The Company believes that it will be able to file a New Drug Application (NDA) with the FDA during this calendar year. When this application is accepted by the FDA it will be granted expedited review by the FDA,the company estimates that approval could be achieved in calender Q2\2016. Shareholders will be notified when the FDA accepts the ELI-200 NDA which is estimated to be in the first or second week in Jan, 2016.
Common shares issued pursuant to the strategic alliance agreement with Epic Investments LLC.
As per the Epic Strategic Alliance, Elite is entitled to 15% of the profits achieved from the commercial sales of Epic's immediate release oxycodone tablets, for a 10 year period commencing on the date of first commercial shipment and Epic is to receive 3 million shares of Common Stock upon approval by the FDA of the ANDA.




President & Chief Executive Officer - Nasrat Hakim

Nasrat Hakim joined Elite in August 2013 as Director, President and Chief Executive Officer. Mr. Hakim has more than 30 years of pharmaceutical and medical industry experience in Quality Assurance, Analytical Research and Development, Technical Services and Regulatory Compliance. He brings with him proven management experience, in-depth knowledge of manufacturing systems, development knowledge in immediate and extended release formulations and extensive regulatory experience of GMP and FDA regulations. Prior to his leading Elite, from 2004 to 2013, Mr. Hakim was employed by Actavis, Watson and Alpharma in various senior management positions. Most recently, Mr. Hakim served as International Vice President of Quality Assurance at Actavis, overseeing 25 sites with more than 3,000 employees under his leadership. Mr. Hakim also served as Corporate Vice President of Technical Services, Quality and Regulatory Compliance for Actavis U.S., Global Vice President, Quality and Regulatory Compliance for Alpharma, as well as Executive Director of Quality Unit at TheraTech, overseeing manufacturing and research and development. In 2009, Mr. Hakim founded Mikah Pharma, LLC, a virtual, fully functional pharmaceutical company.

Mr. Hakim’s career started in Medical Laboratory Technology from the Academy of Health and Sciences in the U.S. Army based in San Antonio, TX, followed by Graduate Certification in Regulatory Affairs (RAC) from California State University at Sacramento, Sacramento, CA; Bachelor in Chemistry/Bio-Chemistry and Masters of Science in Chemistry from California State University at Sacramento, Sacramento, CA; and a Masters in Law with Graduate Certification in U.S. Taxation from St. Thomas University, School of Law, Miami, FL.

Board of Directors Chairman - Jerry Treppel

Mr. Treppel is currently a Managing Director of ArcLight Advisors, an investment bank specializing in the health care sector. From October 2008 through March 2013, Mr. Treppel was Managing Director of Ledgemont Capital Group LLC, a boutique merchant bank that provided access to capital and corporate advisory services to public and private companies. Additionally, he served as the managing member of Wheaten Capital Management LLC, a capital management company focusing on investments in the health care sector from 2003 to 2008. Over the past 20 years, Mr. Treppel was an equity research analyst focusing on the specialty pharmaceuticals and generic drug sectors at several investment banking firms including Banc of America Securities, Warburg Dillon Read LLC (now UBS), and Kidder Peabody and Co. He previously served as a healthcare services analyst at various firms, including Merrill Lynch & Co. Mr. Treppel holds a BA in Biology from Rutgers College, an MHA in Health Administration from Washington University, and an MBA in Finance from New York University. Mr. Treppel has been a Chartered Financial Analyst *CFA) since 1988.

Investor Relations:

Vice President of Investor Relations and Corporate - Dianne Will

Dianne Will joined Elite in 2003 as an Investor Relations Specialist and was named Elite’s Vice President of Investor Relations and Corporate Affairs in 2013. In 1996, Ms. Will founded Willstar Consultants, an investor relations consulting firm and has been providing investor relations services to a range of public companies for more than 19 years with a primary focus in the pharmaceutical and tech sectors. Her firm provides corporate services including management and execution of investor relations programs, investor communication, peer research, compliance services, support for
management team changes, proxy fights, crisis management and IPOs.

Investor Relations and Corporate Inquiries

Dianne Will
Vice President of Investor Relations and Corporate Affairs
Telephone: 518-398-6222

Corporate Headquarters

165 Ludlow Avenue
Northvale, New Jersey 07647
Phone: 201-750-2646
Fax: 201-750-2755

Miscellaneous Links:

SEC Filings:

FDA website:

Clinical Trials.Gov:


  Using the industry average PE\Ratio of 15, an over exaggerated  share count of 100% of the 995M authorized shares, and a very conservative
  profit margin of 30%, Elite stands to garner an increase in share price with the launch of each abuse resistant opioid product.


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ELTP News: Current Report Filing (8-k) 05/04/2016 10:36:36 AM
ELTP News: Initial Statement of Beneficial Ownership (3) 05/04/2016 10:21:25 AM
ELTP News: Statement of Changes in Beneficial Ownership (4) 05/03/2016 11:52:20 AM
ELTP News: Initial Statement of Beneficial Ownership (3) 04/25/2016 12:43:52 PM
ELTP News: Statement of Changes in Beneficial Ownership (4) 04/15/2016 03:14:26 PM
#200119  Sticky Note Dear WeeZuhl, WeeZuhl 05/15/16 10:56:35 AM
#198430  Sticky Note Kempharm fails to acquire ADF label. WeeZuhl 05/05/16 09:37:53 PM
#193807  Sticky Note ELITE PHARMACEUTICAL positioned to capitalize on opiod crisis NASDAQ2020 04/11/16 04:41:02 PM
#189575  Sticky Note 4-REASONS-ELTP-is-in-the-Midst-of-the-Perfect-Storm:-A-GREAT-BUY-NOW: Couch 03/18/16 07:41:32 AM
#189564  Sticky Note $ELTP SequestOx and ADF Patents lasers 03/18/16 04:29:26 AM
#185967  Sticky Note The only topic here is ELTP. IH Admin [Dan] 02/23/16 09:32:46 PM
#202614   Not quite. rdfdr1 05/31/16 05:43:28 PM
#202613   Nasrat is doing an excellent job of keeping Je3232 05/31/16 05:35:15 PM
#202612   OxyContin's 12-Hour Dosing Claim Attacked In Massive Investigation lasers 05/31/16 05:24:23 PM
#202611   Couldn't see the whole article as think one Mazeppa 05/31/16 05:12:59 PM
#202610   It would not be the case of Label lasers 05/31/16 05:08:19 PM
#202609   This is a bias Long commentary as a lasers 05/31/16 05:03:31 PM
#202608   Same author mentions the 18-2 ad comm vote jour_trader 05/31/16 04:41:40 PM
#202607   According to the LA Times article... was it Jimmy Joe 05/31/16 04:38:08 PM
#202606   Ask him what? dr_lowenstein 05/31/16 04:35:40 PM
#202605   New article on seeking alpha by Kempharm long. WeeZuhl 05/31/16 04:29:56 PM
#202604   Just ask Nasrat. heidibrown 05/31/16 03:56:00 PM
#202603   Dreams do come true. $ELTP $$$ YJ4LIFE 05/31/16 03:32:31 PM
#202602   me too!!!!!!!!!!!!! steve9465 05/31/16 03:22:51 PM
#202601   I had a dream this morning ELTP was stockboy 05/31/16 02:59:31 PM
#202600   great way to start the week some green snupoled 05/31/16 02:51:41 PM
#202597   What you fail to understand is there is stockboy 05/31/16 02:14:23 PM
#202594   Sorry DD, the ASK was never posted or YJ4LIFE 05/31/16 01:32:55 PM
#202593   1. Steve9465- July 5th stockboy 05/31/16 01:29:30 PM
#202592   1. Steve9465- July 5th SCHH 05/31/16 01:12:50 PM
#202591   I know. Luckily I've been working overtime at Destiny Defined 05/31/16 12:44:38 PM
#202589   total bullshit, but thanks dr_lowenstein 05/31/16 12:40:45 PM
#202588   I bought em at the ask. Thanks! Destiny Defined 05/31/16 12:39:33 PM
#202587   1. Steve9465- July 5th toofun 05/31/16 12:34:32 PM
#202586   . Some legal authorities are thinking dr_lowenstein 05/31/16 12:33:44 PM
#202585   Nas, as a follow up to yesterday's discussion. KravMD 05/31/16 11:32:20 AM
#202584   No we're not! YJ4LIFE 05/31/16 11:29:27 AM
#202583   That would cost you $3500. YJ4LIFE 05/31/16 11:24:50 AM
#202582   1. Steve9465- July 5th SCHH 05/31/16 11:15:11 AM
#202580   8 is my number !!!! JUNE SCHH 05/31/16 11:11:43 AM
#202579   FOR REAL! $$ ELTP $$ only for toybaby 05/31/16 10:43:37 AM
#202578   CPXX has only 25 full time employees! COO2002COO 05/31/16 10:37:39 AM
#202577   $ELTP worth jumping big $ lasers 05/31/16 10:32:34 AM
#202574   It's down a tic for pity's sake. Sheesh utamaro71 05/31/16 10:15:33 AM
#202573   Biotech company CPXX one dollar in February 2016, toofun 05/31/16 10:09:53 AM
#202572   $0.35 burgers coming. NASDAQ2020 05/31/16 10:03:38 AM
#202571   The approval and subsequent launch of SequestOx will Dr PeteRose MLB 05/31/16 10:02:32 AM
#202570   I can't figure out how you're actually allowed Neophius 05/31/16 09:59:44 AM
#202569   I can't stand this stock anymore. Je3232 05/31/16 09:57:42 AM
#202567   ELTP Chart conix 05/31/16 09:54:12 AM
#202565   sorry I see it now. steve9465 05/31/16 09:48:19 AM
#202564   you need to copy and paste the latest steve9465 05/31/16 09:47:06 AM
#202563   No news and we are down again. Unreal. Je3232 05/31/16 09:44:47 AM
#202562   1. Steve9465- July 5th COO2002COO 05/31/16 09:44:47 AM
#202561   All talk. No action. Taking my sell Je3232 05/31/16 09:43:39 AM
#202560   What about SequestOx Approval and Launch? NASDAQ2020 05/31/16 09:43:06 AM
#202559   We are down again. Je3232 05/31/16 09:42:47 AM
#202553   Listing on the NYSE or Nasdaq...when do you VirtuallyAmazing 05/31/16 09:19:00 AM
#202552   1. Steve9465- July 5th steve9465 05/31/16 09:01:26 AM
#202551   So if that's your guess write it in steve9465 05/31/16 08:51:59 AM
#202550   Here's nice example how ELTP-shorts could be burned Greenspam3 05/31/16 08:51:51 AM