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Elite Pharmaceuticals (ELTP)

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Last Post: 8/30/2015 12:53:16 AM - Followers: 680 - Board type: Free - Posts Today: 3

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:

Jun 9, 2015
Elite Pharmaceuticals and Epic Pharma Enter Into a Sales and Distribution Licensing Agreement for Abuse-Deterrent ELI-200
http://ir.elitepharma.com/profiles/investor/ResLibraryView.asp?ResLibraryID=77479&BzID=2258&t=1948&g=939&Nav=0&LangID=1&s=0


Apr 21, 2015
Elite Pharmaceuticals Announces Launch Of Generic Hydroxyzine Tablets
http://ir.elitepharma.com/profiles/investor/ResLibraryView.asp?ResLibraryID=76601&BzID=2258&t=1948&g=939&Nav=0&LangID=1&s=0


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

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/




 

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



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Wiki
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
PostSubject
#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
#163655   I think we all know about ELI200 NDA IB_ 08/30/15 12:53:16 AM
#163654   Could you list all the other adf/art opioids newguy11 08/30/15 12:20:34 AM
#163653   Q3/2015 Eli – 200 Elite AA. In case you hyder 08/30/15 12:14:05 AM
#163652   Q2/2016 OXY C/NTX ER Elite AA IB_ 08/29/15 11:02:12 PM
#163651   By the time Elite gets moving ADF/ART opioids richme 08/29/15 10:56:37 PM
#163650   From abusedeterrent.org Seeing Elites name with BP is plbiinvestor 08/29/15 10:42:26 PM
#163649   nah, talk about hyperbole! LOL LOL dr_lowenstein 08/29/15 09:25:36 PM
#163648   Elite and the FDA have created a Novel NASDAQ2020 08/29/15 09:07:53 PM
#163647   Take the 300 % roi . NASDAQ2020 08/29/15 07:05:12 PM
#163646   What happened since $0.87? NASDAQ2020 08/29/15 07:03:35 PM
#163645   Whats football?? Lol Padin 08/29/15 06:55:56 PM
#163644   does anyone here know football is on tonight? steve9465 08/29/15 06:51:46 PM
#163642   Most if not all companies mentioned in the Dr PeteRose MLB 08/29/15 03:42:22 PM
#163640  Restored Josekanuc: About 4 years ago, I visited richme 08/29/15 02:52:20 PM
#163639  Restored Two of the features of the 5 involved richme 08/29/15 02:38:48 PM
#163637   and there is a link between codene and sharkey1 08/29/15 07:54:46 AM
#163636   Theres more sharkey1 08/29/15 07:34:58 AM
#163635   It continues sharkey1 08/29/15 07:33:12 AM
#163634   Elite's ELI-200 will control the ENTIRE Immediate Release NASDAQ2020 08/29/15 07:28:58 AM
#163633   This is why Nasrat can so easily say Couch 08/29/15 06:16:30 AM
#163630   Elite and the FDA have created a Novel NASDAQ2020 08/28/15 10:17:32 PM
#163629   Good luck ELTP longs. John_Langston 08/28/15 10:15:17 PM
#163628   Don't need luck or hope. John_Langston 08/28/15 10:12:01 PM
#163627   Oh so Nasrat selling shares would be bad Couch 08/28/15 10:10:19 PM
#163626   Still no links eh? Thought so many CEOs mrwrn2010 08/28/15 10:05:38 PM
#163625   Don't need luck or hope. NASDAQ2020 08/28/15 10:05:37 PM
#163624   Good luck ELTP longs John_Langston 08/28/15 10:03:31 PM
#163623   Good job changing the subject. I knew no mrwrn2010 08/28/15 10:02:09 PM
#163622   Billions of shares in the trips? John_Langston 08/28/15 10:00:26 PM
#163621   Billions of shares in the trips? Yeah no mrwrn2010 08/28/15 09:58:23 PM
#163620   Do your own DD; most OTC CEO's own John_Langston 08/28/15 09:55:47 PM
#163619   Check the SEC filings, it's all there. Anyone mrwrn2010 08/28/15 09:49:10 PM
#163618   Good luck with that. LOL John_Langston 08/28/15 09:47:24 PM
#163617   What????? No sorry he does not unless you dr_lowenstein 08/28/15 09:44:23 PM
#163616   Name another CEO on the OTC (and provide mrwrn2010 08/28/15 09:36:36 PM
#163615   Care to share the proof that he can't mrwrn2010 08/28/15 09:35:14 PM
#163614   Nasarat sells when Big Pharma buys out Elite . NASDAQ2020 08/28/15 09:25:23 PM
#163612   Thanks for the facts with links! Yes, it's Couch 08/28/15 09:17:31 PM
#163610   Nah just more misinformation John_Langston 08/28/15 09:13:45 PM
#163609   You are absolutely correct. The excerpt from the rrr2003 08/28/15 09:13:33 PM
#163608   Nah just more misinformation/bs I've heard since .068. Couch 08/28/15 09:02:46 PM
#163607   Yeah that is what all the OTC CEO’s John_Langston 08/28/15 08:56:30 PM
#163606   Sorry Nasrat works for shares and that is Couch 08/28/15 08:35:51 PM
#163605   Yeah Nasrat is working for shares John_Langston 08/28/15 08:07:28 PM
#163604   WHY? John_Langston 08/28/15 08:04:52 PM
#163603   Why would a CEO need to hold shares John_Langston 08/28/15 08:03:42 PM
#163602   Yeah Nasrat is working for shares not cash Couch 08/28/15 08:01:33 PM
#163601   Nasarat won't sell John_Langston 08/28/15 07:55:51 PM
#163600   WHAT!!! HUH!!! That one really made me spit Itsallriggedanyways 08/28/15 06:49:34 PM
#163599   Nasarat won't sell he's in it for a buyout. NASDAQ2020 08/28/15 06:45:31 PM
PostSubject