[b]I hate to advocate drugs, alcohol, violence, or insanity to anyone, but they've always worked for me.[/b]
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Could be opinion and speculation but I work in pharmaceuticals so that makes me somewhat of an expert. The US market is a huge target. Generic pain management is a focal point of that target.
Solid dosage is where the abuse is at currently.
No speculation needed. Fact.
You need proof? ROTFLMMFAO!
No proof needed. The Chinese want to make nice profits marketing SequestOx. That is exactly why they bought Epic and why Ashok/Epic BoD agreed to the sale of Epic. The Chinese can bring in more money for a larger marketing presence. The US pain management market is huge and the Chinese want to make BooKoo Bucks. Seriously? You need proof for that? OMG LOL LOL
Plus they probably want an in to market SequestOx in southeast Asia. LOL LOL
Elite will have many ADFs for them to market in the US and abroad.
LOL LOL
Nahhhh more like an opinion that has lots of truth surrounding it. Only makes sense eh Doc? This Chinese company would not
have acquired Epic for the current line of drugs they manufacture.
Too bad Purdue screwed up. They could have had their oxycodone
empire for a long time to come. Does not look so rose laden now.
A new movie coming out "Honey I Shrunk the Oxycodone Market"
LOL LOL
I too own multiple farms as a result of this stock over the years. Going to Montana soon going to be a dental floss tycoon.
Paying taxes is no problem. Putting money aside from profit sometimes is a problem for some folks. Then when those people
have to pay the tax on huge profit they have to liquidate their holdings because they neglected to put some $$$ aside for such an event.
One does not take profit without planning for consequences,
My advice..... plan.
True... just don't forget the tax part of the math. Many forget that and end up regretting they didn't put some money aside to pay the tax part of the math.
There is nothing wrong with holding long term. Trying to get the best price per share while accumulating does not mean one intends to flip. These days it is all about instant gratification. Life does not work that way 90% of the time.
Elite will be an excellent long term investment in my opinion.
Highly doubt Nasrat and the Elite BoD will sell the company anytime soon. This is Nasrats baby for now and he is going to make this into a world class pharmaceutical specializing in abuse deterrent formulations for prescription opioids.
This is the FDAs magic bullet against prescription opioid abuse.
That is my opinion also. Thanks for the reply Lasers.
JJ
So Lasers I remember you posting that Elites entry into the opioid ADF market with this type of potential is every pharmaceutical CEOs dream. To go head to head with some of the major pharmaceutical CEOs in the world.
Do you think this is not on Nasrat's mind? To take Elite and make this company into a major force in the opioid ADF sector?
Do you think he would be satisfied with a few dollars a share?
Or rather, if he had the chance to turn the industry in its head and make Elite a dominant player in the opioid ADF sector?
Your thoughts... TIA
Yes I agree that Elite is fun to watch Doc. Did you happen to notice that Purdue got its ass kicked in court? Elite 100, Purdue
ZERO.
BOY that sure was fun... wasnt it? LOL LOL
N2K thanks for the insight. It is a certainty that this event did not just pop out on a whim. This deal has probably been on the works for a while. Also makes no sense that Nasrat/Ashok did not know Epic may be sold. SequestOx will be a nice product to market.
There is a method to their madness which I think is beneficial to Elite and the company acquiring Epic.
Not much volume because stock is in strong hands. No sellers.
My order has just been sitting there.
Maybe tomorrow or next week I get my buy order to go through?
Meantime it sits as I wait.
What is a very conservative 7 multiple of $200 million?
Thanks in advance. Next.
Yeah right. Okay. Whatever.
So if ELI-216 has a market of ~$800 million and ELI-200 a market of ~$400 million and both of these are very conservative estimates
it does not take a rocket scientist to see why some in the pain management sector are beginning to become concerned.
Further it becomes a concern for these companies when they do not have any solutions themselves but for a few niche products.
Elite will be taking a bite out of revenues these companies now enjoy. Also the FDA will be requiring ADF solutions at some point in the not so distant future. These companies may need to get their opioids ADF licensed through Elite if they plan on maintaining some semblance of market share when all opioids are required to have an ADF attached. Fun times ahead.... for Elite.
Now that the stock price is ascending seem to recall certain posters complaining because they bought in at $0.40.
Some of these individuals now want the price to go down?
Some investment acumen.
Okay....
No it is not Doc. I didn't ask for ELI-216. This was about ELI-200.
Still waiting....... NEXT!
One has to own shares before they can sell any shares Tim.
Percocet......
Waiting for the URL Doc. Proof.
Where is it? What expert says it was paid for by Elite?
Where is the proof either way Doc?
Post it.
There is nothing out there. One can obtain information
on google pertaining to estimated returns on sales.
Still waiting.........
Post the URL that proves anything of the sort.
"Paid for by Elite." Prove it.
Nothing but fictional opinion on your part.
Wishful thinking.
Waiting for the proof. LOL LOL
One can google the information. Independent reports paid for?
Market estimated revenues for drugs can be found. Suggest google.
But but but I thought this stock Elite was a dog? Now its okay?
Whatever.......
200 and 50 day may have some significance in that NASDAQ.
Significant strength 11 at $0.30 with significant resistance 16 at $0.31. Now trading at the mid-high end of the bollinger bands.
50 day and 200 day MA closing in on one another. It will be a while before they cross.
The FDA will push an ADF like SequestOX because there IS
a need for such an ADF drug to be introduced into the market space....... the FDA and its man in charge will have an impact on the commercial success by doing so.
AND to add to this is the FACT that healthcare professionals and INSURANCE companies will readily accept this option rather than an option that has no ADF or an easily abused version of ADF aka
the hard turtle shell.
So actually the FDAs magic bullet will be in play once approval is granted to SequestOx.... around July 14th 2016. Don't think the FDA will be promoting Elites ADF opioid? Best think again. It is the only PLUG and PLAY version in town with more opioid ADFs to be filed in the near future.
Morphine is now an opioid whose abuse is growing. Probably hydromorphone will at some point as well. And the FDA isn't going to push for these ADFs when the abuse is out of control?
ROTFLMAO! The FDA and other government agencies like the DEA will be pushing mighty hard.
Oh.... BTW once Elite gets approval for SequestOx wouldnt it be a good time for Elite to do a 60 Minutes piece or a 20/20 piece on this modular plug and play technology that can/will have a major impact on the prescription opioid abuse problem?
Yes indeedy it would! Think 60 Minutes won't be contacted about this technology? Or 20/20 for that matter?
Wonder what the stock price would do is THAT type of coverage were give to Elite.
LoL LOL
Lasers many thanks. I agree with you about SequestOx estimates.
I think they will be larger than some believe/expect.
So lasers this is what I think about when I think about Elite
Pharmaceuticals when Nasrat Hakim was put in the position of CEO.
There is a regulatory guy at my work who told me the new CEO would sell Elite and its technology to Big Pharma. That was what?
3 years ago?
Your post of going head to head with Big Pharma (Pfizer) and that being every persons dream who works in pharmaceuticals is a gem.
Sorry paraphrased it.
Anyway agree. I don't believe Elite has stopped working on the next NDA to be filed. Guess that question will be asked at the next CC.
Exciting times indeed.
Mocha I think your John Wayne quote is very appropriate for Elite Pharmaceuticals. Funny how we longs saw this train from way down the tracks. Now shes pullin out of the station.
John Wayne one of my all time favorites as will be Elite Pharmaceuticals.
Hondo.. yeah hard to gauge. Agree.
Lasers question as to when you think another NDA filing will be ready for the FDA. Before July 14th or do they wait for approval and then file an NDA?
TIA
Very strong support 15 at $0.31. Resistance is light at $0.36.
Polish/Italian here... but an Irishman at heart. Elite Pharmaceuticals magically delicious.