frisko6@yahoo.com
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looks like news to me, this is not normal,
Someone wanted a million shares of this thing, early in the morning,
WOW
Works for me
Well, who cares, if Nasrat can sell 100 pills per bottle for 600 dollars to another company that sells
it for 700 dollars a bottle, well good for them, cept Mr Kirkov may get a little peeved ,
we all want the best, and 53 full-time employees keep working, lol
Had to go over this one more time, You see the wording, non-exclusive with the contract with Prasco.
With Lannett
they got it all, we couldn't move, I was worried about Mr. Kirkov, getting shut out of the XR, NO problem
Prasco has been given a non-exclusive license for two years to sell Amphetamine ER under their Burel label and those sales are expected to begin in January, 2024. In addition, the TAGI license continues through 2025 and they will continue to sell Phentermine and Naltrexone.
At first glance, that looks like a fee, they pay each time for re submittal, look at the big boys, Amneal didn't apply for 439 anda's, at least I don't think.
Cop a clue
I never go 100% on everything. My motto is very simple. If anything makes Elite money, we will do it and we're open-minded to it. The deal with Burel with Prasco is excellent. It'll materialize and go into effect January 1st for you who do not know. Prasco/Burel are the sales force for the authorized generic and they asked us if we would supply them instead of the authorized generic as of January 1, 2024, and we said, yes.
Once that materialize and see the amount of sales that becomes a material event and we'll discuss it more. But I am hysteric about the contract and about Prasco
hang in there baby
OH, that's where I saw Prasco
https://www.cnbc.com/quotes/ELTP?qfsearchterm=eltp
silly me, they have been with Prasco for a long long time
and the main reason they dropped Teva, or whoever does the XP, is because they could not deliver, just got too spotty,
I remember once Nasrat dropped a company because they were not giving Elite the attention they deserved , like breaking up is hard to do
Yes I see that, but wasn't Prasco selling something for Elite for many years, I forget
From the last CC, nuff said:
can't wait to see the signed 8k with Prasco
We will continue to sell selected products under licenses as well. For example, our long-term partner TAGI continues to Phentermine and Naltrexone. Elite owns multiple genetic products, some of which are licensed to Prasco and TAGI, and others that we are selling ourselves. Elite has developed a new customer relationship with at least 27 companies including Cardinal Health, CVS, Walgreens, Myers, Publix, and McKesson.
Product shipments started on April 1st without a hitch. We grew revenues from direct sales each month this quarter. Revenues grew by 17% over last year's first quarter. We maintain a strong cash position, working capital increased as expected. Further growth potential will come from new sales, increased margins and the Prasco license.
Prasco has been given a non-exclusive license for two years to sell Amphetamine ER under their Burel label and those sales are expected to begin in January, 2024. In addition, the TAGI license continues through 2025 and they will continue to sell Phentermine and Naltrexone.
More lite reading on the shortage.
https://news.yahoo.com/whole-things-mess-anger-panic-135311043.html
Mr. Kirkov must be a busy man
And prove they can do ANDA's , and pass inspections
Look at it this way, If Nasrat can get Vigabatrin, approved, one of the most highly toxic drugs you can make,
He should have no problem getting Oxycontin,
a simple opioid with a couple of twists,
just got gotta get it past the lawyers,
Nasrat has a lot of street cred
You forgot this one, It is up next
https://finance.yahoo.com/news/elite-pharmaceuticals-files-anda-us-120000112.html
looking forward the the approval, could be a game-changer,
On CNBC they have 218 million after hour's, JNJ that's not right,
it happened before with pfe
https://www.cnbc.com/quotes/JNJ?qsearchterm=
I don't have a problem with Carter's salary, as long he can keep the moving parts moving,
He knows Elite really well, can hit the ground running, and maybe he will stick around longer than the last ones.
Good to see, thats important that he should be put up imeadiatly ,
Beats me man, I've never been able to figure out this OTC
almost a million shares, but still can't get above 9 cent's ,
Somebody wants it' bad under 10 cents
Good news, Nasrat has got way too much on his plate right now.
forgot about this anda, 8 months ago
https://finance.yahoo.com/news/elite-pharmaceuticals-files-anda-us-120000112.html
due any day now,
Another feather in Nasrat's hat
Let's let Nasrat play out his hand when it comes to first to file Gen. Oxi,
He's got a lot of street cred with the FDA,
just thinking out loud !
If he files too soon the big boys will pounce
he must have all his ducks in a row
he must get the Nod from the FDA before he files,
must be a slam dunk or there will be hell to pay
the first to file is worth millions if not billions to any Pharma
couldn't help but notice there are a lot of new faces on this board since last month,
talking shit
Nasrat is a busy man, he's CEO and CFO, and accountant and he has to make sure there is enough
API for everybody, he's filing the ANDA's we need to keep going,
taking care of 53 employees, and Dianne doesn't have the ink-power to sign off an 8k,
Nas has a lot on his plate right about now.
Yes Of course, and it's highly competitive, Nasrat has got 53 full-time employees he has to be
responsible to,
That's another thing that brings to mind,
the intangibles when valuing a company,
It's stated on the website, Elite is no better than the people who work there, Dedicated employees in so many words, let me phrase this in street terms.
If JNJ wants to buy Elite or any other big pharma they get the best, and only the best, cream of the crop, highly professional, well-trained in the pharma world.
That's not on the balance sheet, in black and white.
and that's why I've hung on to all my shares
Another thing that's funny, is they keep talking about transparency, Oh really,
Well, we want to know where the warehouse is where the DEA is keeping those 48 tons of API, Meth, I heard they have 48 tons, but maybe not that much,
and just where is the warehouse that Lannett keeps their API, and how much ? investors want to know if they are running out ?
and we want to know who Lannett is selling their generic Adderall to, is it in South Philly, or East Brooklyn? or Compton ,
I just use Lannett as an example, fill in the blanks with any Pharma selling Gen. Add.
You see
There could be a problem with transparency
I wish he was Hikma, we would be talking big bucks
https://finance.yahoo.com/quote/HIK.L?p=HIK.L&.tsrc=fin-srch
I would be calling him Uncle Nas, lol
The good news is, Nasrat is a Salah fan, and Liverpool will not trade him, he's a lifer there.
TDA. has been doing all week, pre, up or down, no vol., just before open
They lied, it was there, now its gone
https://www.cnbc.com/quotes/PFE?qsearchterm=
Must have been a missprint
Interesting, PFE has traded about 360 million shares after hours, in about 14 mins, they traded 15 mill all day. I still look for after or pre for Elite.
Logic says NO, If they got the API then the clock is ticking
fast track for us would put it close to the 180-day mark.
Vyvanse is in shortage, maybe we get on the fast track
https://www.clickondetroit.com/health/2023/08/26/what-is-causing-the-vyvanse-shortage-takeda-blames-manufacturing-delay-increased-demand/
THX for the quick report, Elite is sitting in the cat bird seat
And we now have Mr. Kirkov, he will be waiting in the wings.
just fantastic .!!!
IN NASRAT WE TRUST
All right King, don't overdo it, lol
Sad to say it but the KING was right again, lol
gotta tip my hat, for sure
It has to be in a pill form, brighter minds on this board can figure it out, Oxy, is only a half bill.
IN NASRAT WE TRUST
THX WOW!!!!!!!!!!!