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"Cheers!" Up.
I have not ready the details, yet. But it might be something for nothing. Great value for Elite.
Cheers!
If you ask Aqua, its not a bad deal given that it is already approved and marketed. It will start to contribute some cash flow.
Cheers!
Elite Pharmaceuticals Acquires Trimipramine ANDA
Dr. Reddy's Laboratories to Provide Marketing and Sales
NORTHVALE, N.J., May 22, 2017 (GLOBE NEWSWIRE) -- Elite Pharmaceuticals, Inc. ("Elite" or the "Company") (OTCBB:ELTP), today announced the acquisition of an approved and currently marketed Abbreviated New Drug Application ("ANDA") for Trimipramine Maleate Capsules ("Trimipramine") 25, 50 and 100 mg, from Mikah Pharma, LLC ("Mikah"). Dr. Reddy's Laboratories, Inc. ("Dr. Reddy") (BSE:500124), (NSE:DRREDDY), (NYSE:RDY) will market and sell the Trimipramine products. Epic Pharma will manufacture the products under current agreements with Mikah. Eilte will assume these agreements with the acquisition of the products. This agreement insures the uninterrupted supply of generic Trimipramine. Trimipramine is a generic version of Surmontil®, a tricyclic antidepressant. Surmontil® and generic Trimipramine have total US sales of approximately $2 million in 2016 according to IMS Health Data. The ANDA purchased by Elite is currently the only marketed generic Trimipramine product.
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Let's call "Fake News" as the new "BS". Simply, folks, Elite's financials and diversified, drug pipeline are worth your investment.
Cheers!
Cheers!
Just your day/swing traders. It is fortuitous for investors to have found ELTP. I really think we are in the beginning stages of something remarkably amazing. Timing is the key and shares are grossly undervalued. Once we learn and realize the fate of SequestOX with an FDA-approval, this would change the lives of each investor here. Yes, I have bought shares and sold some and looking to buy more, knowing that Elite is poised for future growth.
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Aqua's best guess is that they sold to empty their bucket lists. Don't point the finger at Aqua, she is on the hunt to buy more shares.
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Don't forget that a true measure of a successful investor/trader is that they are able to exploit their opportunities and enjoy the profit gained. Life is short and Kenny Rogers had said it best:
You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done
However, Elite is still wheeling and dealing and Aqua is still buying when the price is right.
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An FDA-approval for SequestOX changes everything and your outlook on life. The meaning of life is fulfilling your bucket list.
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Sold some to enjoy life and fulfill items on Aqua's bucket list. Looking to spend my hardworking cash on buying more ELTP shares. Phenomenal fundamentals as the technicals indicate that this stock is geared up for higher levels.
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Not exactly, Elite's cup is half full.
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According to the previous financials, business is good. Elite has built herself a solid foundation with its existing diversified, drug pipeline. An FDA-approval for SequestOX would give her the leverage to move forward to the next level of her evolution.
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That was back in 2011. In 2017, Elite has multiple income streams and the financing to develop new drugs.
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...followed by the GOLDEN "CHEERS!'.
CHEERS!
These are the very reasons why Elite has not wavered since the 97-cents debacle. Management continues to implement their strategic initiatives and develop ANDAs that would be profitable for their drug pipeline. The time would come when Elite would forget its past as a typical penny stock as it relishes in the sun under the major indices.
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The Trend is your friend.
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Indeed, it is easy to sort out the fake and the real news. Conducting one's due diligence would save the day.
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Spread the "Cheers!". SequestOX will make ELTP great!
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No worries, ELTP would join the list.
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Not at all, 97-cents was not a "pipe-dream". The circumstances are different now and gives ELTP the leverage to make another run with FDA-approval for SequestOX. Imho, ELTP is a safe bet in the long-run.
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It's high tide, folks.
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ELTP gets knocked around, but she always gets back on her feet and fights back.
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Could you cite your sources?
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The swamp sure is being drained with the firing of FBI Director, James Comey. A win-win for Elite Pharma.
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True, but the shares I bought at 4-cents are still green.
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It is hard to keep a good stock down when value is in the eye of the beholder. It is only a matter of time before Elite gets a BIG break on SequestOX.
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Looks like 13-"Cheers!".
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ELTP would always find buyers. This how we know the company has value.
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I think we would get there one day. I am already sold by what Elite's management has done to setup the company for success in the future, and looking forward to add more.
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"Vive la" Elite!
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Yup, folks. Before Pres. Trump had coined the term, "fake news". ELTP has been a victim to "fake news" since Aqua had first invested in March 2011. It is simply watching the actions of the company than words that really count.
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Have a margarita on Aqua. ELTP is a ticking time-bomb for sure. Accumulation the best policy for honest investors.
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It must be leaking, "Cheers!".
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ELTP has been screaming, "BUY", for the previous weeks. It is only natural for the PPS to retrace to enable new investors to accumulate. It is indeed difficult to argue the value in Elite's drug pipeline and technology.
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Pinch my butt, place your place bets, guys. The perfect storm is forming for Elite.
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Me, too, since March 2011. Never underestimate the value of Elite Pharma.
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Cheers!
Me love ELTP shares long time! Looking to buy more shares in the coming weeks and months. Good luck to all!
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That was said about the Patriots; but, they were able to mount a rally for the comeback win. Elite will mount a comeback when SequestOX is finally approved.
Cheers!