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RxElite, Inc. (RXEI)

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Last Post: 2/3/2014 11:03:15 AM - Followers: 10 - Board type: Free - Posts Today: 0

About RxElite, Inc. dba Landela Pharmaceutical

RxElite, Inc. dba Landela Pharmaceutical is a specialty pharmaceutical company that develops and markets generic prescription drug products in specialty generic markets. The Company also operates an Israeli subsidiary that manufactures and markets complex active pharmaceutical ingredients and provides research and development services to pharmaceutical companies throughout the world.




RxElite, Inc. Shareholder Update PDF Print E-mail
Thursday, 12 February 2009 09:50

Meridian, Idaho, February 12, 2009:  RxElite, Inc. [RXEI.PK] announced today that it has determined to suspend reporting currently with the SEC.  On February 3, 2009, RxElite filed Form 15, Certificate and Notice of Termination of Registration under Section 12(g) of the Securities Exchange Act of 1934, and no longer will be required to file mandatory reports with the SEC.  According to Earl Sullivan, Chairman and CEO, “We made this decision in consultation with our senior lenders after which our board authorized suspension of reporting as a measure designed to reduce overhead and compliance costs following our recent sale of RxElite Holdings Inc., our wholly owned U.S. subsidiary, to Piramal Healthcare Limited (India).”

On February 2, 2009, RxElite, Inc. also commenced activities as “Landela Pharmaceutical.” The name change will allow the Company to distinguish itself from its former subsidiary, RxElite Holdings Inc.  The Company fully intends to differentiate itself through products, marketing, and distribution channels to be solely known as Landela Pharmaceutical.

In recognition of the changes to the Company’s activity and operations, Peter Williams, David Rector and Mark Auerbach submitted their resignations as members of the board of directors.  Their resignations were not a result of any disagreement or dispute with the Company but reflect further efforts to streamline the corporate structure and assist the Company in reducing overhead and administrative burdens.  Mr. Sullivan stated “The Company would like to express its heartfelt thanks to its former directors for their untiring service during the difficult period in which we have successfully achieved a major milestone by selling our anesthetic gas business to a highly qualified buyer in a cash transaction.”

The Company remains committed to growing its remaining business as an active pharmaceutical manufacturer through its subsidiary FineTech Pharmaceutical, Ltd., based in Israel.  Furthermore, the new management team of Landela Pharmaceutical intends to continue to increase its pipeline of abbreviated new drug application (ANDA) filings.  The new management at Landela Pharmaceutical has made significant cost savings measures, including seeking relief from SEC reporting, reduced pay for all senior executives, reduction in staffing, and reduction in various overhead items.  In addition, the Company terminated the lease for the new corporate offices in Nampa, Idaho and has been released from all contingent obligations related to the lease.

Landela Pharmaceutical has filed two new ANDAs in the past 90 days and one Prior Approval Supplement (PAS) for a current ANDA.  The Company is in the process of reestablishing wholesaler contracts and updating all regulatory records to reflect the new structure.  The Company remains committed to finding additional development partners for additional ANDA filings and licensing opportunities for ANDAs.

The Company would like to remind its shareholders that it will announce by press release future times when conferences may be held to provide updates to shareholders.  To update your contact information, please contact Earl Sullivan, CEO at
earl.sullivan@landelapharma.com This e-mail address is being protected from spambots. You need JavaScript enabled to view it or Shannon Stith, VP of Finance at shannon.stith@landelapharma.com This e-mail address is being protected from spambots. You need JavaScript enabled to view it .  You may also request information by writing to Landela Pharmaceutical, 776 East Riverside Drive, Suite 150 Eagle, Idaho 83616.

per knobias

Authorized Shares: 200,000,000
Source: 8-K ( 10/29/2007 )

Outstanding Shares: 119,705,157
Source: MGFS ( 11/11/2008 ) 


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#220   RXEI: Suspended by SEC sidedraft 02/03/14 11:03:15 AM
#219   Just getting in to trade, nice HOD earlier.. SuperC 12/28/10 12:23:13 PM
#218   something is brewing...... carnelsonG 12/28/10 11:30:28 AM
#217   Nice, price? mobile today SuperC 12/28/10 11:19:32 AM
#216   volume comin in!!!! carnelsonG 12/28/10 10:28:03 AM
#215   lets see what will happen ore not! carnelsonG 12/26/10 07:03:54 PM
#214   Agree, a watch next week , a SuperC 12/25/10 03:35:42 PM
#213   Not even following this dud anymore. Only mikembte2005 12/23/10 05:34:19 PM
#212   interesting activity today carnelsonG 12/23/10 04:02:08 PM
#211   huge seller today carnelsonG 12/23/10 10:37:17 AM
#210   huge isnt enough! carnelsonG 12/23/10 08:27:49 AM
#209   Bid and ask spread still huge. No mikembte2005 11/09/10 09:51:47 PM
#208   Maybe the healthcare bill will help this company mikembte2005 11/03/10 10:58:56 PM
#207   Domain Name landelapharma.com was registered on January 9, mikembte2005 09/19/10 02:55:55 PM
#206   That may be wishful thinking. If an mikembte2005 09/15/10 07:37:25 PM
#205   could be a change!? carnelsonG 09/15/10 09:30:51 AM
#204   Web site suspended. Looks like company is mikembte2005 09/14/10 09:14:58 PM
#203   yep! carnelsonG 08/17/10 03:34:17 PM
#202   The phones still work so that is still mikembte2005 08/16/10 07:26:52 PM
#201   you should be doing a phone call mike!!:-) carnelsonG 08/07/10 12:31:22 PM
#200   Are you still trying to contact the company? mikembte2005 08/07/10 11:42:51 AM
#199   I am wondering if they are still in mikembte2005 07/20/10 11:45:25 PM
#198   and no bidwhacks! :-D carnelsonG 06/07/10 05:32:33 PM
#197   Wow, it traded at the ask! mikembte2005 06/07/10 05:14:39 PM
#196   RXEI on fire!!!!!!!!!!!!!!!! up 190%!!!!!!!!!!!!!!!!:-D carnelsonG 06/07/10 03:08:12 PM
#195   WOW! nice find mike!! :-) carnelsonG 05/13/10 03:54:34 AM
#194   Looks like the CEO Ed will be at mikembte2005 05/12/10 09:40:17 PM
#193   Have you heard of anything new in regards mikembte2005 05/07/10 10:02:20 AM
#192   interesting mike! hope we hear any good things carnelsonG 05/05/10 12:47:04 AM
#191   600K in volume today. Ask is up mikembte2005 05/04/10 08:28:05 PM
#190   You know the more that I keep looking mikembte2005 04/01/10 10:14:06 PM
#189   Here is my guess, .04 - .06 in mikembte2005 04/01/10 09:56:09 PM
#188   You would think that this is due for mikembte2005 04/01/10 09:53:46 PM
#187   Was over $1.00 in late 2007 and still mikembte2005 04/01/10 09:52:15 PM
#186   The highest since Feb of 09. That mikembte2005 04/01/10 08:00:01 PM
#185   Todays volume looks like it was the highest mikembte2005 04/01/10 07:58:17 PM
#184   Maybe we are not getting an e-mail response mikembte2005 04/01/10 07:54:27 PM
#183   Hey! Nice! thanks! Hope you have a mikembte2005 04/01/10 07:52:29 PM
#182   www.totallypimpedout.net/Graphics/Easter/images/happy_easter_015.gif carnelsonG 04/01/10 05:34:40 PM
#181   I do like the copmanies web site. mikembte2005 04/01/10 04:16:38 PM
#180   Looks like the ask is .004 with a mikembte2005 04/01/10 04:14:40 PM
#179   Yes it would. I may try to mikembte2005 04/01/10 02:55:22 PM
#178   yep ;-) carnelsonG 04/01/10 01:47:11 PM
#177   Most volume that we have seen in a mikembte2005 04/01/10 01:46:02 PM
#176   someone sold 250k carnelsonG 04/01/10 09:44:24 AM
#175   Ok its back to .004 and .005 now. mikembte2005 03/26/10 11:04:02 AM
#174   What happened to the bid and ask price? mikembte2005 03/26/10 09:59:22 AM
#173   Some volume! Looks like the bid and mikembte2005 03/25/10 07:05:51 PM
#172   got some love today......;-) carnelsonG 03/25/10 12:37:14 PM
#171   Have you had a chance to look at mikembte2005 03/19/10 07:08:36 AM
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