Elite Pharmaceuticals Inc (ELTP)

[Couch]

Given the timeframe under which the Epic Elite strategic alliance commenced, there is a high degree of liklihood that Epic's approved oxycodone garners Elite 15% of the profits. After all, Nasrat already understood what it would take to launch Oxycodone (see bottom link) - and Nasrat was working with Epic as a consultant back then if I'm not mistaken???

If so, this should be 1 of 8.

http://ir.elitepharma.com/profiles/investor/ResLibraryView.asp?ResLibraryID=74952&GoTopage=3&Category=2163&BzID=2258&t=1960&G=939

Under the Alliance Agreement (i) at least eight additional generic drug products will be developed by Epic at Elite’s facility with the intent of filing abbreviated new drug applications for obtaining United States Food and Drug Administration (“FDA”) approval of such generic drugs, (ii) Elite will be entitled to 15% of the profits generated from the sales of such additional generic drug products upon approval by the FDA, and (iii) Epic and Elite will share with each other certain resources, technology and know-how in the development of drug products, which Elite believes will benefit the continued development of its current drug products.

http://www.accessdata.fda.gov/drugsatfda_docs/appletter/2015/202662Orig1s000ltr.pdf

This is in reference to your abbreviated new drug application (ANDA) dated January 21, 2011, submitted pursuant to section 505(j) of the Federal Food, Drug, and Cosmetic Act (the FD&C Act), for Oxycodone Tablets USP, 5 mg, 10 mg, 15 mg, and 30 mg.

http://www.drugstorenews.com/article/actavis-reintroduces-oxycodone-tablets-pharmacies

“Through an extensive process, Actavis requalified all equipment and utilities for production and packaging, and we requalified and revalidated all methods used to release products from our Totowa facilities,” Actavis VP quality compliance and technical services Nasrat Hakim stated. “This is a very positive step and took incredible teamwork."