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Sure hope you're right! Still think we should get the other 2 approvals bundled along with Naltrexone.
Welcome to the board and GL.
So I was browsing the FDA Drug Approvals by Month page and noticed that Watson has had 2 drug approvals this month and 3 last month. I didn't go back any further than July because I got pissed off. I realize we are talking about a major scale pharma company here vs. Elite but wow.. Why is it taking an ungodly amount of time for us to get our 3 approvals? Does the FDA get bribed by the bigger pharma companies to push their stuff through faster or what? It's getting a little ridiculous. I'm in this company/stock for the long haul but it sure seems like we get shafted quite a bit by the FDA... notice of naltrexone delay, Lodrane pulled, unreal waiting times for approvals, etc etc.
Well said Couch. We will indeed go up due to a doubling of manufacturing space as well as nearly doubling the amount of products produced. Better times ahead than this company has seen in years.
"All of these technologies are unique and patented..."
Wait wait wait. I thought ELTP's was "also ran"? LOL LOL
I keep hoping today or tomorrow will be the day that I see the big PR(s) posted on Yahoo Finance.. Regardless of when, it is most definitely coming!
It would seem we are on the very verge of another big leg up toward profitability! GLTA, wish I had more spare powder at the moment =/
I know its a little late in the game to be asking this, but which online broker do you guys use to buy your shares? Sharebuilder is slamming me with a <1$ stock commission + the base $9.95 stock commission every time I buy and its getting old.
"The low-priced security surcharge is an additional commission on Stock and ETF trades when the average execution price per share in the trade is less than $1.00. For each share that is bought or sold through a real-time trade, ING DIRECT Investing will add a $0.007 surcharge per share when the average execution price per share is less than $1.00."
Wow. All of that?? Sounds terrible Couch, why haven't you sold all your shares yet?! ;)
Maybe you should sell your shares if you are this worried. You seem to be under a great deal of stress regarding ELTP.
Yeah Gordon, this would seem like the most logical course to take. Group-approve multiple items if possible for a specific company and then move on to the next pending approval(s). Hopefully the FDA follows this course. As of now, they have my contempt at how "fast" they move on things but lets hope they redeem themselves in the coming weeks!
No kidding. Hovering right above the low of YTD. Need to free up some powder!
We've waited so long for many of these drugs to come out + the new facility to be completely approved.. I think we DESERVE a massive PR that opens up the facility plus multiple drug approvals simultaneously. The longer we wait, surely the closer everything will happen in rapid succession if not on top of each other, right?
Just seems like the easiest because they already have it approved and Naltrexone as well.
If the new opioid was an abuse resistant Hydromorphone, would they keep selling both regular and abuse resistant versions? Maybe it will be a different drug.
"The endless predictions of products any day..."
I mean.. Aren't they due for approvals any day now and have been for awhile? It's pretty obvious that the only thing keeping ELTP at 4 products versus 7-8 (+naltrexone, phendimetrizine, lodrane, ?ANDA) is the FDA. What products have they applied for that haven't eventually been granted from the FDA? I'll go ahead and answer for you: none. Keep at it though, you seem to have the time.
P.S. Purdue have some "also ran" patents too? LOL LOL
Lol nice job Couch. I only just got to 119k today =/ Wish I had more to invest. Steadily trying to add in ~$500 chunks here and there though. Good luck to you, hopefully it will pay off big for us all before too long!
Yep, had 5,000 shares printed on $0.102 myself today!
GLTA
Ohh okay.
How you are voting, for or against?
Someone got the .098s but it wasn't me... =/ Cmon .102s...
If you really do own shares of this company (ELTP), then I genuinely do not understand your attitude toward the company's progress and the statements you make on this board... You stated that you were down about $9500 in one account and also down in another account.. Are you under the impression that your skeptical remarks and other posts with negative connotations about Elite will actually raise your account balance? I'm really at a loss here. Seems like shooting yourself in the foot to me.
New investors that come to this board should be able to quickly find accurate facts, with neither positive nor negative bias attached. The company has had its issues, that much is clear. Companies usually don't go trading from dollars to dimes without any problems. However, it is also clear that the products launched since the removal of the best money makers (original Lodranes, which should be approved later this year or next, btw) are selling more and more. With multiple products waiting to be FDA approved and commercialized, surely you don't think that will DECREASE the value of this company or LOWER the price per share... do you?
I just read through the CC transcript again. ELTP management sounds really excited about this fiscal year and where the company is headed. Very cool. Also, if we keep posting revenues like we just did, I would think we'd be ahead of the Lodrane year in terms of operating profit (minus any BE studies like they mentioned might start). So imagine when we do get those Lodranes back. Plus all the increased market share from the other 498 allergy products that were pulled. So many pending positives for ELTP, its nuts.
Morning Cargo! Yes hopefully .13+ today. News would be awesome.
So does the 3 million+ volume suggest that legitimate trading is going on vs. MM games?
No kidding. Quite the surge going on randomly.
Solid post Couch, many interesting links/reads. It would appear that Elite is well placed to profit from the coming legislation for prescription drug abuse! Hopefully soon they can get some studies going to prove to the FDA that their tech works!
GLTA Longs
Thats awesome news steges. No telling how much value that would add to Isradipine if Parkinsons became an FDA-labelled indication for use. Also, even if it doesn't officially, docs sometimes prescribe it off label if they believe it will genuinely benefit the patient and won't interfere with any co-morbidities or other medications.
Wish I had more spare change to invest! Paying for master's degree is about to start slowing my accumulation down even further. =/
GLTA Longs
Sounds good Cargo!
Hopefully we'll see some news soon to also ran us up to higher teens and beyond!
GLTA Longs
Snagged 4250 more shares at .1127 yesterday. Not much compared to some on here but adding blocks nonetheless!
GLTA
Just got back into the country from a trip and am seeing a story on CNN at the Newark airport about the FDA providing an incentive to Purdue I think, if they run an additional study to determine safety and efficacy of OxyContin to children aged 6-16. Apparently it is prescribed off label to children and young adults with moderate to severe pain already and the public is worried about abuse potential. This directly evidences the need for abuse proof painkillers which positions Elite quite well, in my opinion. Posting on my phone or I'd get the link to the story too, might be on CNN.com.
That's okay. When everyone panics and drops the stock price 3 or 4 pennies on Monday just snatch up some super cheap shares and hold your ground. We all know what's coming.
http://www.elitepharma.com/employment_opportunities.asp
I thought I saw 3 openings before... Did they fill one of the positions?
"Why would the commission tell them they could not do the deal as structured."
Great question. Maybe because they didn't?
Yep, definitely exciting. We have 4 products that could literally launch any day now, plus the situation with the Lodranes.
"Extended release opioids including ELI-154"
"Abuse resistant opioid products including ELI-216"
Multiple products in both classes besides the obvious 154 and 216 that we already know of?? Tang, is that the reason its posted as ANDA and NDA, you think? That would be unreal.
And then the undisclosed ANDA that is pending FDA approval that is completely owned by Elite.. Wasn't aware of that one either.
I can't wait for the next few months to play out. Interested to hear your thoughts on this Tang. As well as anyone else..
Its a shame that the SEC "pulled the plug" on our biggest funding agreement to date.
...LOL LOL.
Is it possible that the private financing referred to in the filing may in fact be JT's loan? Or does his not count as "private"? Just spitballing here. I'm hoping it is indeed a sign of a bigger funding agreement with a partner.
Perhaps you are on the wrong message board? No, we don't have a link stating that Watson visited "lite". I'm not sure who "lite" is, but this is Elite Pharmaceuticals.
Patents that have already been awarded to Elite per their updated website (minus ones assigned to Celgene):
Patent #5,871,776 = CONTROLLED-RELEASE NIFEDIPINE (awarded 1999)
Patent #5,902,632 = METHOD OF PREPARATION OF CONTROLLED RELEASE NIFEDIPINE FORMULATIONS (awarded 1999)
Patent #6,620,439 = CHRONO DELIVERY FORMULATIONS AND METHOD OF USE THEREOF (awarded 2003)
Patent #6,926,909 = CHRONO DELIVERY FORMULATIONS AND METHOD OF USE THEREOF (awarded 2005)
Patent #6,984,402 = CHRONO DELIVERY FORMULATIONS AND METHOD OF TREATING ATRIAL FIBRILLATION (awarded 2006)
Patent #8,182,836 = ABUSE-RESISTANT ORAL DOSAGE FORMS AND METHOD OF USE THEREOF (awarded 2012)
What excites me about the website upgrade is the Lodrane 24h stuff. "Scale up" w/ ECR? Is this just what we've already known or is significant progress being made? Elite was almost profitable on these products alone, not to mention the products they are selling now. I'm honestly thrilled about Elite at this point, ready for the CC. Only thing is, I'll be out of the country when it occurs so please post on here about it everyone!