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Elite Pharmaceuticals (ELTP)

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Last Post: 4/27/2015 12:51:42 AM - Followers: 665 - Board type: Free - Posts Today: 1

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 http://www.elitepharma.com


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:

Feb 17, 2015
Elite Pharmaceuticals Provides Guidance On Phase III Study For ELI-200
http://ir.elitepharma.com/profiles/investor/ResLibraryView.asp?ResLibraryID=75450&GoTopage=1&Category=2163&BzID=2258&t=1948&G=939

Jan, 15 2015
Elite Pharmaceuticals Announces First Shipment Of Generic Isradipine Capsules
http://ir.elitepharma.com/profiles/investor/ResLibraryView.asp?ResLibraryID=74835&GoTopage=1&Category=2163&BzID=2258&t=1948&G=939

Dec, 16 2014
Elite Pharmaceuticals Awarded Second Canadian Patent For Abuse Deterrent Drug Formulation
http://ir.elitepharma.com/profiles/investor/ResLibraryView.asp?ResLibraryID=74669&GoTopage=1&Category=2163&BzID=2258&t=1948&G=939

More information can be found by going to Elite’s investor section:  http://ir.elitepharma.com/press_releases
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.
Financials:

 

Products:
http://www.elitepharma.com/products/

Leadership:

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
Email: dianne@elitepharma.com

Corporate Headquarters

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


Miscellaneous Links:

SEC Filings: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001053369&owner=include

FDA website: http://www.accessdata.fda.gov/scripts/cder/drugsatfda/index.cfm?fuseaction=Search.DrugDetails

Clinical Trials.Gov: https://www.clinicaltrials.gov/




 



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ELTP News: Statement of Changes in Beneficial Ownership (4) 04/16/2015 07:28:52 PM
ELTP News: Annual Statement of Changes in Beneficial Ownership (5) 04/09/2015 01:55:05 PM
ELTP News: Statement of Changes in Beneficial Ownership (4) 04/08/2015 11:23:19 AM
ELTP News: Confidential Treatment Order (ct Order) 04/07/2015 02:40:06 PM
ELTP News: Statement of Changes in Beneficial Ownership (4) 03/09/2015 04:32:13 PM
PostSubject
#148487  Sticky Note Ya-don't-say???-Trial-record-1 of-66-for:-eli-200 Drugdoctor 03/21/15 11:04:27 AM
#142585  Sticky Note Great info! This is the beginning of a Dr Speculator Ninja 01/29/15 02:56:03 PM
#142438  Sticky Note FOR THOSE WANTING A DEEPER UNDERSTANDING OF WHY Couch 01/28/15 07:17:31 PM
#106205  Sticky Note Elite’s 1st Generation Triple Patents and their Purpose lasers 04/30/14 08:50:54 AM
#152340   Thanks Lasers, Couch and all other longs who meshcan 04/27/15 12:51:42 AM
#152339   Really... A wealth of useless lies... Thanks greenlife 04/26/15 11:26:54 PM
#152338   Its not gagged, he just thinks we will newguy11 04/26/15 10:48:39 PM
#152337   Do though, next. mrwrn2010 04/26/15 10:45:02 PM
#152336   We'll certainly see, won't we. mrwrn2010 04/26/15 10:44:51 PM
#152335   Ah er no they don't . Next dr_lowenstein 04/26/15 10:10:24 PM
#152334   Dianne from IR said the TA wasn't gagged John_Langston 04/26/15 09:31:04 PM
#152333   AGREED NASDAQ, ME TOO!!!:-) GLTA kennyt 335 04/26/15 09:20:40 PM
#152332   Funny Dianne from IR said the TA wasn't Couch 04/26/15 09:18:30 PM
#152331   Thats a whole lot better than 3.35 and kennyt 335 04/26/15 09:14:26 PM
#152330   Your logic with M&A valuation is spot on. Thanx NASDAQ2020 04/26/15 09:13:45 PM
#152329   because we are on the OTC. John_Langston 04/26/15 09:07:06 PM
#152328   $4.83 NASDAQ2020 04/26/15 09:02:33 PM
#152327   Nah more like because we are on the mrwrn2010 04/26/15 08:59:30 PM
#152326   Elite has all that John_Langston 04/26/15 08:57:20 PM
#152325   Shares Outstanding (M) John_Langston 04/26/15 08:52:50 PM
#152324   I was looking for the short answer but John_Langston 04/26/15 08:49:31 PM
#152323   I don't think he said that at all. mrwrn2010 04/26/15 08:41:07 PM
#152322   Lmao Elite has all that, next. mrwrn2010 04/26/15 08:39:03 PM
#152321   Just hope that it is not soon or richme 04/26/15 08:34:47 PM
#152320   Excellent post Koolaid! NASDAQ2020 04/26/15 08:32:11 PM
#152319   Shares Outstanding (M) troy56 04/26/15 08:27:35 PM
#152318   Did you mean to ask what Auspex has dr_lowenstein 04/26/15 08:07:24 PM
#152317   The generics just pay for everything except research John_Langston 04/26/15 07:36:09 PM
#152316   What does Auspex have that Elite has? John_Langston 04/26/15 07:17:19 PM
#152315   The FDA said the would mandate removal of NASDAQ2020 04/26/15 07:05:03 PM
#152314   We bought for the Billion Dollar Pipeline. The NASDAQ2020 04/26/15 06:58:23 PM
#152312   Ah so teva purchasing Auspex proves that elite dr_lowenstein 04/26/15 06:49:19 PM
#152311   "logic" was that elite was worth at least Jimmy Joe 04/26/15 06:41:45 PM
#152310   Again, Auspex is being bought at a price no2koolaid 04/26/15 04:15:33 PM
#152309   For those who want to know the real Couch 04/26/15 03:50:04 PM
#152308   Let's not forget the basis for that evaluation. richme 04/26/15 03:43:43 PM
#152307   In the end it always comes down to Couch 04/26/15 03:43:13 PM
#152306   Pfizer paid two times revenue. By that logic, John_Langston 04/26/15 02:43:19 PM
#152305   It has always been unbelievable. The only "logic" dr_lowenstein 04/26/15 02:29:32 PM
#152304   There are questions about Elite's valuation that need no2koolaid 04/26/15 02:07:06 PM
#152303   According to some physicians, it is the illegal no2koolaid 04/26/15 01:50:04 PM
#152302   If you have read this before then you no2koolaid 04/26/15 01:41:37 PM
#152301   Nah, it is very believable. Moreover, you no2koolaid 04/26/15 01:27:09 PM
#152300   I have thought about Merck, Mallinckrodt, Novartis and no2koolaid 04/26/15 01:22:03 PM
#152299   To your first point, you are right and no2koolaid 04/26/15 01:14:01 PM
#152297   S&P 8 year monthly chart with technical definitions: sharpei 04/26/15 12:53:22 PM
#152296   I am not callous as not to think richme 04/26/15 12:09:30 PM
#152289   ADF opioids are like airbags and anti-lock brakes. WeeZuhl 04/26/15 10:46:07 AM
#152288   plenty of time in this stock to John_Langston 04/26/15 10:20:32 AM
#152285   Addicts must be awful blind, deaf or both richme 04/26/15 09:38:02 AM
#152284   very true that's why eltp pps is stagnant mightymk 04/26/15 08:22:34 AM
#152283   The argument is the same one used with Couch 04/26/15 06:49:43 AM
#152282   Who needs retail support when you have institutional jimneutron 04/26/15 02:15:30 AM
#152277   Ok... We always look forward to excellent supported greenlife 04/25/15 11:47:30 PM
PostSubject