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Elite Pharmaceuticals (ELTP)

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Last Post: 10/23/2016 1:40:12 PM - Followers: 834 - Board type: Free - Posts Today: 66

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) 09/01/2016 04:32:35 PM
ELTP News: Current Report Filing (8-k) 08/31/2016 04:19:33 PM
ELTP News: Statement of Changes in Beneficial Ownership (4) 08/19/2016 05:48:03 PM
ELTP News: Four Trending Stocks Leading Biotech Sector on Heels of Latest R&D and Innovative Drug Therapy Advancements 07/27/2016 09:00:00 AM
ELTP News: Prospectus Filed Pursuant to Rule 424(b)(3) (424b3) 07/21/2016 11:47:37 AM
#230575  Sticky Note I agree: ELTP is way Undervalued!!! SequestOx will Bngo 10/18/16 12:28:51 PM
#226048  Sticky Note Elite Pharmaceuticals (ELTP) is NOT a Religion !! IB_ 09/05/16 12:28:35 PM
#225095  Sticky Note THIS IS WHAT YOU NEED TO KNOW BEFORE Couch 08/31/16 08:53:18 AM
#222196  Sticky Note Freedom of Information Act Request to FDA WeeZuhl 08/17/16 07:21:46 AM
#217429  Sticky Note Here is the TRUTH about T-max-SEC-Filed! Drugdoctor 07/25/16 06:43:08 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
#231321   LMAO; sure as in 5 years ago soon. Couch 10/23/16 01:40:12 PM
#231320   LMAO; sure k Couch 10/23/16 01:38:57 PM
#231319   I will hear it soon. John_Langston 10/23/16 01:22:21 PM
#231318   Soon very soon. John_Langston 10/23/16 01:21:25 PM
#231317   Has Elites transfer agent been UNGAGGED yet? lol namtae 10/23/16 01:21:07 PM
#231316   Steve those rules only apply if anyone watching John_Langston 10/23/16 01:20:20 PM
#231315   Lucky I'm here to post facts as opposed Couch 10/23/16 01:18:50 PM
#231314   Must've missed the PR at .06 cents. LMAO Couch 10/23/16 01:16:14 PM
#231313   So ELTP never hit that promised for .02 Couch 10/23/16 01:15:22 PM
#231312   All BS!! namtae 10/23/16 01:14:54 PM
#231311   Total BS and nothing more. John_Langston 10/23/16 01:14:21 PM
#231310   Here for those actually wanting something to read Couch 10/23/16 01:11:19 PM
#231309   So ELTP will never hit that promised $2 John_Langston 10/23/16 01:10:51 PM
#231308   The poison pill thats never been used except namtae 10/23/16 01:07:45 PM
#231307   Nasrat putting the poison pill in place says Couch 10/23/16 01:06:23 PM
#231306   ELTP hasnt hit .02 yet but if anyone namtae 10/23/16 12:58:55 PM
#231305   So ELTP never hit that promised for .02 Couch 10/23/16 12:54:48 PM
#231304   Let me know when you post something new Couch 10/23/16 12:53:27 PM
#231303   So ELTP is much closer to $2 dollars John_Langston 10/23/16 12:43:20 PM
#231302   Recent transactions are meaningless if not put in namtae 10/23/16 12:26:41 PM
#231301   3-5 Billion dollars compares to other resent transactions. NASDAQ2020 10/23/16 11:58:42 AM
#231300   Thousands OF thousands of dollars. GL NASDAQ2020 10/23/16 11:57:09 AM
#231299   Generics have Elite CFP on operations and NASDAQ2020 10/23/16 11:44:06 AM
#231297   Holy crap the most truthful post yet and stockboy 10/23/16 11:28:21 AM
#231296   Right now a .25 buyout off would be stockboy 10/23/16 11:27:07 AM
#231294   Contemplating the buyout scenario presented, there are questions namtae 10/23/16 10:54:21 AM
#231293   You'll be lucky to see a buy out stockboy 10/23/16 10:52:54 AM
#231292   Sort of like ELTP traders always claiming to mrwrn2010 10/23/16 10:50:51 AM
#231291   Just like it would never see the teens stockboy 10/23/16 10:48:28 AM
#231290   When a companies share price gets depressed, and/or aELmTPa 10/23/16 10:37:35 AM
#231289   Oh, youre following the Time Warner deal too? namtae 10/23/16 10:29:48 AM
#231288   Looking forward to the buyout within the next aELmTPa 10/23/16 10:26:22 AM
#231287   Every time Elite moves up a few pennies namtae 10/23/16 09:49:02 AM
#231286   Can we stop going back to $.02 ITS toybaby 10/23/16 09:37:32 AM
#231285   No the BS is the same BS that Couch 10/23/16 09:35:24 AM
#231284   Now the BS is this will get back John_Langston 10/23/16 09:32:04 AM
#231283   Yes I ask ?? I don't get PAID toybaby 10/23/16 09:30:17 AM
#231282   The BS that .02 cents was coming on Couch 10/23/16 09:28:13 AM
#231281   The BS was that $2 dollars was coming John_Langston 10/23/16 09:26:08 AM
#231280   And 1% of the posters do NOTHING but Couch 10/23/16 09:25:36 AM
#231279   Exactly right along with the 02 cent was Couch 10/23/16 09:23:51 AM
#231278   Yes MA50 is $0.17 John_Langston 10/23/16 09:23:25 AM
#231277   So now 50 cents is a great buyout price. John_Langston 10/23/16 09:20:17 AM
#231276   BUT 99% of the POSTERS ````GIVE the impression toybaby 10/23/16 09:19:19 AM
#231275   Add that to the ELTP BS list. lol John_Langston 10/23/16 09:17:53 AM
#231274   LMAO; sure k - 95% of traders lose Couch 10/23/16 09:15:06 AM
#231273   yes my average is .23 but I'm not toybaby 10/23/16 09:11:46 AM
#231272   Who gives a crap what the PPS does John_Langston 10/23/16 09:08:43 AM
#231270   Oh I can appreciate its not about me Couch 10/23/16 08:59:41 AM
#231267   Yes I agree with your answer as I toybaby 10/23/16 08:51:21 AM