Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Some Elite and Lannett labels for Generic Adderall XR! GLTA
Elite and Lannett labels
My prediction is $6.6 million.
I totally remember that drug that was pull out by FDA. Nasrat turned around this company
Congrats Winechemist
Yes, not too many of us! Number of shares that switch hands, around one million, is NOTHING in comparison to number of outstanding shares. People are holding tight to their shares.
Agreed. Sad but true!
I think we will see Adderall XR approval in next 17 days before end of June. Maybe even sooner as per Winechemist.
Just a reminder per my earlier post, FDA has approved a few generic Adderall XR in last 6 months specifically after expiry of exclusivity on April 21, 2019.
GLTA
ADDERALL XR Exclusivity was expired on April 21, 2019. Just review below list of approvals for generic ADDERALL XR in 2019. Soon Elite's will be approved too. GLTA.
AMERIGEN PHARMS LTD, Approval Date: 01/22/2019
SPECGX LLC,Approval Date: 04/22/2019
RHODES PHARMS, Approval Date: 05/17/2019
SUN PHARM INDUSTRIES, Approval Date: 05/17/2019
PAR PHARM INC, Approval Date: 05/31/2019
A good sign!
Agreed! It is the TIME!
REMINDER: List of ELTP Filed Drugs with FDA and more
Warren Buffett has said, "The stock market is a device for transferring money from the impatient to the patient."
We are getting very close to change more cells to GREEN.
Stay Long, Stay Strong!
(NASDAQ2020: This is same as last one)
Agreed! Something is brewing!
Great time ahead
Nice picture!
Thanks Winechemist! We are days away from Generic Adderall launch. Great times ahead.
Looks we are on the right path.
Thanks N2K for clarification.
Stay long!
GLTY
Very True!
Thanks for the info but do you know what would be Elite P/E with $69 millions just alone from Oxcodone with ADT (generic Oxycontin)?
I think you missed the point, $280 million revenue multiply 3. Now add SequestOx and Isradipine on the top of that.
ELITE vs COLL
I was surfing on web and found below info about Collegium Pharmaceutical and thought would be interesting for Elite longs. Here are some foods for thought:
1) COLL has only ONE approved drug named XTAMPZA with 5 different doses. Below is a sample label:
2) COLL revenue with only XTAMPZA was $280 million and look how revenue exponentially increased, see below:
3) Elite has "Oxycodone Hydrochloride ER with ADT" in the pipeline and hopefully will be approved this year some time. Plus Elite has a couple more drugs, CNS, that each of these three can generate similar revenue as COLL for Elite. Now add SequestOx and Isradipine which they are potential as well.
4) COLL seems don't have too many drugs in its pipeline and I don't know why they removed their pipeline from their website?!
http://www.collegiumpharma.com/technology/pipeline
5) Also, Patheon is manufacturing XTAMPZA for COLL but Elite will be manufacturing their drugs themselves with all dryers that they purchased and installed in last few years, I believe. I think Patheon market XTAMPZA as well.
6) Now, connect the dots where we can be with Elite.
Good times is ahead of all Elite longs in 2019 and 2020.
GLTA.
Thanks N2K for your insight. One question, could you please clarify how did you reach to $2.57 P/S? Sorry if you have explained it before and this is repetitive question!
Cheers!
Agreed. This would be the biggest turning point for Elite in last 20 years so far. They never owned or launched a drug that big.
Thanks and I agree having 5 approvals in one year is amazing.
Great find. Thanks for DD.
One question Winechemist, what is your thoughts about bridging studies for SequestOx that was mentioned in the CC ? Will that be enough for reformulated SequestOx or phase 3 still required? I know FDA can ask anything anytime. Hope this is not their delay tactic.
Thanks
Surprisingly after two days my order hasn't been fully filled.
Everyone is holding their shares. You think with 800 million outstanding shares an order like mine get filled very quickly.
All of these are good signs. As I said before my opinion is, this is last time in ELTP history that we see price below 9 cents.
Stay long and strong.
Bridge studies. We all heard about bridge studies for SequestOx in the CC. Can anyone with deep knowledge about FDA process elaborate about this?
I hope FDA don't use this as another delay tactic. I mean after finishing all bridge studies THEN they say btw the new formulation is different and has changed compare to original phase 3 formula therefore you have to do new phase 3 with new formulation!!!
I know nothing is impossible with FDA!
Hey winechemist, no2koolaid, mrwrn2010, aELmTPa hope you guys can shed some lights on this.
Thanks and good luck to all longs.
I placed an order for buying more ELTP shares, it is averaging up for me! I feel this is last time that you can buy at this super cheap prices.
Big news of big launches are coming in next 4 to 6 months.
Good luck to all longs!
Thanks for clarifying mrwrn2010, yes that what I was referring to.
AMA, point taken. I won't get upset if we get to dollarland and uplisted in NASDAQ sooner. LOL.
GLTY