frisko6@yahoo.com
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Other drug names
Xeloda (Pro) Generic name: capecitabine 6.7 30 reviews
Hydrea (Pro) Generic name: hydroxyurea 7.3 8 reviews
Gemzar (Pro) Generic name: gemcitabine
The DEA might let it happen, due to the shortage,,
If they go out of business . and close the doors.
It's a cancer drug, very good news for Elite
https://my.clevelandclinic.org/health/drugs/24790-antimetabolites
puts them in the Biotech category
Nice to see. Their all starting to add up.
Looks like they are already on the OTC, also, should have earnings first week in May
https://www.otcmarkets.com/stock/LCIN/overview
Did a quick search, Lannett is 500 mill in debt, give or take, in contrast Teva is said to be 23 billion in debt.
Not sure how this works if they Declaire BK, chapter 7 or 11, but they may be able to wipe that debt off the books, open the doors the next day and start selling product again, just like the Airlines do all the time.
Thanks mrwn and king, we all know whats next, BK, lets hope Elite can weather the storm.
More lite reading:
https://www.yahoo.com/entertainment/why-adderall-shortage-lasted-long-153951648.html?fr=sycsrp_catchall
bottom line , my take
If enough people squawk about this shortage the DEA may release more API
I hope it's a good one, something better than a new Antibiotic for (Toe Jam Fungus) that only occurs in the deep south and parts of Reno.
if you know what I mean
May have to wait till Thursday morning, after the new moon, witch happens a little after midnight on the 20th
18million, so it would take 18 million to cash out
not a prob for a big phama
monopoly money
Yep, I'm trying to do the math, how much would it cost to by 600 million shares, at 3 cents
I read that too Bubba, every day I use yahoo ,, search engine for the Adderall shortage story of the day. If anything,. this shortage drama is getting a lot of pub, and a lot of free press, a lot of people didn't know about Adderall, till now, and now when they do get a chance to buy they will hoard it Could be a problem.
Case in point,
I went to the orange book and Sun still makes both cap's and tabs
https://www.accessdata.fda.gov/scripts/cder/ob/index.cfm
could be Sun hasn't updated the book, or somebody got some miss info.
Im not quite sure how accurate this is
https://www.drugs.com/drug-shortages/amphetamine-mixed-salts-extended-release-oral-capsules-863
Or reliable.
I hope he's from New Jersey and knows Elite well, and of course get's along with Mr. Kirkov
Looks like we got about 65 days till the next CC, year end sales, fiscal , June 15 if were lucky, I hope they don't go till
the 30th, it was extended last year because Bob Chen was new, not they gotta hire another new guy to do the books.
https://www.otcmarkets.com/stock/ELTP/news
gotta be patient
Your most welcome Bubba, we're all pissed
My 2 cents bubba, we all feel the same way, very painful to watch .
let me articulate best I can,
I think there an un written rule that say's suppliers like Elite to Lannett are not allowed to put out press releases on there own,
how well they are doing, from Q to Q. , Elite is not allowed to have a party and celebrate how much money they are making every Q.
That is up to Lannett, and as we all noticed in every CC. they do not mention Elite specifically, just that the suppliers are doing well
move it forward to now, as they split, Elite is not to trash Lannett and Lannett is not to trash Elite, its mutual Lannett can't say how well Elite is and Elite can't say how well lLannett is , END
looks like they finally cleaned up that board, no more Mr. Chen
https://elitepharma.com/board-of-directors/
This is where Mr. Chen comes from, pay attention.
they just dosed their first patient in China
https://kbpbio.com/
maybe a clue
I see on the shortage page, new update for Granules, today, they are in shortage, as I recall they were the new kids on the block this year, so this tells me they got a short allotment from the DEA, being a new player,
sold out quickly. Shortage of active ingredient,
now, we all know what the active ingredient is. lol
https://www.accessdata.fda.gov/scripts/drugshortages/default.cfm
Elite and Lannett are doing just fine.
We should all be upset about this
https://www.washingtonpost.com/nation/2023/03/16/texas-fentanyl-overdose-teens-sienna-vaughn/#
https://www.fool.com/investing/2023/04/08/heres-why-pfizer-will-bounce-back-this-year/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
PFE and Elite are a perfect match, the both have ADT, for opioids
The new telehealth rules are a bit confusing, , we wont know for sure till all the dust settles, but looks like they may have an extension till Nov. either way Mr. Kirkov should be all over this.
https://www.nytimes.com/2023/04/05/well/mind/telehealth-prescription-medication.html
You might be on to something, imanjen Nobody wants to buy Lannett right now, if they do they inherit that $600 million debt.
Elite is looking good, sitting in the cat bird seat.
We get no respect.!!!
I liked this article, the numbers are staggering
https://www.investors.com/news/technology/teva-stock-what-we-know-and-do-not-about-the-adderall-shortage/?src=A00220&yptr=yahoo
Well who knows how long they can last, The CFO has the keys to the Kingdom, But Nasrat can still write checks and pay bills and payroll, he's not locked out of the bank, and monies coming in from Lannett and others I imagine is all direct deposit, so they should be on auto pilot for a while, I must say, though.
Nasrat has got his hands full right about now, this is huge what he's doing.
Yes Annie ,of course,
and there are 564 employees working for Lanett,
being laid off , looking for work
I saw this combing with lannett, Just hoped they could stay solvent till they can pay Elite
https://finance.yahoo.com/quote/LCI?p=LCI
they aint got squat, could not sell there way out of a wet paper bag
had the most desirable drug on the market, couldn't sell to pukispisi,
and we landed on Lannett
I'm sure Nas saw this coming too
cash is king, Elite makes Pluss, don't throw the baby out with the bath water, Lannett can not bower from tomorrow from the past they made on generic Adderall , that ship has sailed
Hey, Kayak, I can read legalees, If they don't make the payment then the lender takes over the company
he Company has approximately $47 million of unrestricted cash as of March 31, 2023. If the Company does not make this interest payment within the 30-day grace period, it will constitute an event of default under the indenture governing the convertible notes. If an event of default occurs, the trustee or the holders of at least 25% in aggregate principal amount of the outstanding convertible notes may declare 100% of the principal of, and accrued and unpaid interest on, all the convertible notes to be due and payable immediately.
Did I miss something? if they don't make the payments the banks take over,
I agree. Imanjen, OfCourse Elite has been building up inventory, for the last 6 months , the only grey area is how much API will the DEA release,
may I guess,
Nasrat saw this coming,
we could all could see it coming ,
with the debt. burden as the king pointed out last year
sad that it could happen on Nasrats watch
any one can read the fins, from years Past,
Not good.
bower bower bower , Lannett is not Teva
When you have to bower money to pay for money, that's a problem, at this level, everybody knows., I'm sure they will pay off Elite first before they go down under, if it wasn't for Elite they would not be green for cash.
Linnetts is in trouble again, they have to begger off an interest payment, they only have 47 mill cash, if they don't make the payment they may declare. BK, That is,
well, maybe chapter 7 or 11,
could be they may not pay their venders, venders like Elite
https://finance.yahoo.com/news/lannett-shares-105500807.html
don't count your chickens before they hatch
one must be cautious
OH sorry, , semantics., Elite gets to keep it all, MiKAH no longer Exists,
remember what you said. Mikah is done, Nasrat has turned all his profits back to Elite, so Elite may prosper
And it's all one big happy family.