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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:

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

Apr 21, 2015
Elite Pharmaceuticals Announces Launch Of Generic Hydroxyzine Tablets

Feb 17, 2015
Elite Pharmaceuticals Provides Guidance On Phase III Study For ELI-200

Jan, 15 2015
Elite Pharmaceuticals Announces First Shipment Of Generic Isradipine Capsules

More information can be found by going to Elite’s investor section:
Highlights From Last Quarter:

Third Quarter ending December 31, 2014
♦  Consolidated revenues for the third quarter of Fiscal 2015 continued their upward trend, rising to $1.4 million, an increase of approximately 8.5% over consolidated revenues for the second quarter of Fiscal 2015. The third quarter revenues for this year were $0.3 million below revenues reported for the third quarter of the prior fiscal year due to a one-time $0.6 million milestone that occurred in the prior year third quarter. Development of our proprietary abuse-deterrent opioid technology continues to be Elite's top priority. During the quarter, Elite invested an additional $2.3 million in clinical trials and other product development activities.

Highlights for the third quarter
♦  As of December 31, our working capital was $8.9 million, including cash of $8.3 million.
♦  Isradipine was recently launched, and we expect to introduce Hydroxyzine and Dantrolene in the near-term.
♦  We're a penny stock company with eyes on NASDAQ; we need to be Sarbanes Oxley compliant. So we are evaluating the gaps that we have by hiring consultants and external consultants in order to evaluate the checks and      balances we have in order for us to get there.
♦  We are creating infrastructure in our facilities with expanding the facilities and adding new equipment and upgrading the current equipment in order to support our (Eli-200) product launch.
2014 was our best year, 2015 will be the year we file our first ART product, and Q1 2016 will be the year we launch our first ART product and hopefully will be the year we will be on NASDAQ.

Nine-Month Period Ending December 31, 2014
♦  Revenues for the nine months ending December 31, 2014 were $3.8 million, an increase of 6% over revenues for the comparable period of the prior year, even with the one-time milestone being included in the prior year revenues. The increase in revenues is due to the continued growth and expansion of Elite's generic product lines.
♦  During the first nine months of the fiscal year, Elite has invested a total of $9.9 million in product development, including successful completion of the human abuse liability study for ELI-200.




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:


                                             ELTP Potential Share Price in Relation to Percentage of Pain Market Captured

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Current Price
Bid Ask Day's Range
ELTP News: Statement of Changes in Beneficial Ownership (4) 08/18/2015 02:43:08 PM
ELTP News: Quarterly Report (10-q) 08/10/2015 04:27:45 PM
ELTP News: Amended Statement of Beneficial Ownership (sc 13d/a) 07/16/2015 04:52:46 PM
ELTP News: Statement of Changes in Beneficial Ownership (4) 06/22/2015 02:47:10 PM
ELTP News: Annual Report (10-k) 06/15/2015 04:36:59 PM
#162745  Sticky Note TO THE NEWBIES INTERESTED IN BUYING THIS STOCK: Couch 08/18/15 03:37:57 PM
#160893  Sticky Note We've launched, what - 8 products... since you Dr Speculator Ninja 08/01/15 12:20:57 PM
#160330  Sticky Note Dianne Will urged me to file SEC Complaint WeeZuhl 07/25/15 09:38:13 AM
#156597  Sticky Note A few more additional FACTS about the Actavis/Epic/Elite Couch 06/11/15 08:13:37 PM
#148487  Sticky Note Ya-don't-say???-Trial-record-1 of-66-for:-eli-200 Drugdoctor 03/21/15 11:04:27 AM
#106205  Sticky Note Elite’s 1st Generation Triple Patents and their Purpose lasers 04/30/14 08:50:54 AM
#164107   Nice day today for a a change, up senderos 09/03/15 05:12:46 PM
#164106   I think you're right. YJ4LIFE 09/03/15 04:49:45 PM
#164105   That's exactly what it is. Most likely people DR Ryan 09/03/15 04:38:48 PM
#164104   Let's hope so but I'm more inclined to Couch 09/03/15 04:34:52 PM
#164103   Will probably happen again, much like it has DR Ryan 09/03/15 04:29:30 PM
#164102   Perhaps a leak somewhere? Interesting volume and joseytheoutlawwales 09/03/15 04:27:39 PM
#164101   Unfortunately we've also seen said flippers dump after Mazeppa 09/03/15 04:27:31 PM
#164100   Agreed! Couch 09/03/15 04:23:36 PM
#164099   No shorts, just flippers buying some shares back DR Ryan 09/03/15 04:04:24 PM
#164098   What shorts? I thought we were short on shorts. Mazeppa 09/03/15 03:26:46 PM
#164097   I'm interested, so are many more. Phase 3 DR Ryan 09/03/15 02:58:30 PM
#164096   don't buy into fake pump, no one is mightymk 09/03/15 02:54:02 PM
#164095   Hope so!!!!!!! steve9465 09/03/15 02:53:33 PM
#164094   Leaking news PR most likely at 4:00PM or mts 09/03/15 02:52:28 PM
#164093   Gust wondering is RFT3 a skins player? steve9465 09/03/15 02:52:24 PM
#164092   Actually agree with this post. The deal with mrwrn2010 09/03/15 02:48:08 PM
#164091   The nice thing is we finally got some steve9465 09/03/15 02:45:57 PM
#164090   Rizz, it is about time! snupoled 09/03/15 02:39:05 PM
#164089   I definitely hope you are close to being richme 09/03/15 02:38:55 PM
#164088   Once we break .35 I'll take the run Money_Tree 09/03/15 02:36:00 PM
#164087   ELTP MM's feeling froggy:) .2287 RizZo 09/03/15 02:27:44 PM
#164086   I am thinking if someone smacks that ELTP RizZo 09/03/15 02:18:36 PM
#164085   I love when there are claims of no Pharma Sleuth 09/03/15 02:16:56 PM
#164084   My guess shorts closing just in case this Padin 09/03/15 02:13:11 PM
#164083   Slap elites arse snupoled 09/03/15 02:12:55 PM
#164082   WTF?! Wasn't even going to bother checking the Mazeppa 09/03/15 02:11:08 PM
#164081   Will not be long now. 20,30,40 million share RizZo 09/03/15 02:10:03 PM
#164080   C H E E R $ ! Aqua 09/03/15 02:09:34 PM
#164079   I know your area well, Dr. Pete. WeeZuhl 09/03/15 02:06:32 PM
#164078   Good question. josekanuc 09/03/15 01:57:03 PM
#164077   Could we see news by the end of Gman24 09/03/15 01:54:12 PM
#164076   So you're saying ELTP is part of the mrwrn2010 09/03/15 01:48:26 PM
#164075   .22 didn't last long! Looks like there richme 09/03/15 01:40:49 PM
#164074   I had a c5 neck fusion in 2002. steve9465 09/03/15 01:32:06 PM
#164073   WeeZuhl, being a chronic pain patient, 2010 laminectomy Dr PeteRose MLB 09/03/15 01:14:00 PM
#164072   Catalyst that is imminent .. Update on Eli-200 Phase3 Gman24 09/03/15 12:57:44 PM
#164071   There is some discussion of the P3 having toofun 09/03/15 12:43:00 PM
#164067  Restored All right bring it in: snupoled 09/03/15 08:58:21 AM
#164066   All the assumptions are that the news will WeeZuhl 09/03/15 08:57:28 AM
#164064   That will not be Nasrat attending the R&R Jimmy Joe 09/03/15 06:56:53 AM
#164063   agreed steve9465 09/03/15 05:50:33 AM
#164062   What is your buy back target? steve9465 09/03/15 05:49:15 AM
#164061   So when Nasrat says Epic and Elite are Couch 09/03/15 04:50:32 AM
#164060   Theres nothing wrong with lying, its not bad Money_Tree 09/03/15 04:06:18 AM
#164059   So Nasrat is lying? That's what you'd be insinuating.. mrwrn2010 09/02/15 11:30:43 PM
#164058   how do we know for sure they ARE??? dr_lowenstein 09/02/15 11:29:53 PM
#164057   Yeah sure. If that was the case, why mrwrn2010 09/02/15 10:52:24 PM
#164056   Chemistry and NE30 is good and oxycodone NASDAQ2020 09/02/15 10:31:47 PM
#164055   Well its not a guarantee. The two Money_Tree 09/02/15 10:13:21 PM
#164054   Do you got a link that the fluid Money_Tree 09/02/15 10:11:26 PM