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I believe, based on PR and recent CC, Elite and SunGen are negotiating for sale contract. I think SunGen will sell and distribute.
YJ4LIFE,
short answer is I really don't know but Nasrat talked about it at CC in November, it seems FDA has asked Elite and others to do two more things which one of them require a few more testing and has cost.
If I want to guess I would say by September 2019 most likely will be approved. However if the approval comes sooner I won't complain! GLTY
Good times ahead!
Great times ahead!
Congrats! Great prediction.
Generic Norco was added to Elite product page, one step closer.
https://www.elitepharma.com/products/
REMINDER: List of ELTP Filed Drugs with FDA updated generic Norco® APPROVED
https://www.accessdata.fda.gov/scripts/cder/daf/index.cfm?event=overview.process&ApplNo=209924
Stay Strong, Stay Long!
(NASDAQ2020: This is updated table w generic Norco® Approved)
Label for Generic Norco will be added as soon as I find it.
Thanks Winechemist. Great news! Happy thanksgiving all!
We are one step closer to NASDAQ. Good times ahead of us!
Agreed.
NASDAQ2020, potential market for SequestOx is $400M. There is no marketed generic available yet.
https://elite.irpass.com/profiles/investor/ResLibraryView.asp?ResLibraryID=86991&GoTopage=2&Category=2163&BzID=2258&t=2180&G=939
This is great summary of how bright is Elite's future!
Thanks AMA!
Good times ahead of us!
Based on below statement from CC, I believe Generic Percocet, Norco and Oxycontin ADT will be marketed by same company. Yes, I think the third one is generic Oxycontin ADT. IMHO
"
When is the anticipated approval for norco? According to FDA, it's this quarter. And as soon as we do we'll let you know. Do you have - is it likely that the partner for Percocet and norco be the same? Highly likely, they both are very similar in distribution, in DEA control in marketing. So it's very highly likely, yes. And we're talking to whomever we end up with about having both of them or actually only three. There is one more as well.
"
A good REMINDER that good times ahead of us!
Did you know that Glenmark is marketing Oxycodone from Genus...just found it below:
https://www.glenmarkpharma-us.com/oxycodone-hydrochloride-capsules-c-ii/
https://dailymed.nlm.nih.gov/dailymed/drugInfo.cfm?setid=566ef74d-5c0b-49bf-9619-e757d16431ef
It can be simple of 3 months probation. He wasn't a good fit. They decided to pursue different paths.
Thanks, the order was filled at 0.085.
Cheers
Thanks SnupDAWG, the 300,000 order was filled this morning.
Cheers,
Meshcan
The stock market is a device for transferring money from the impatient to the patient.
Yes, Winechemist explained it clearly. Long and strong ELTP.
Just placed an order for additional 300,000 more shares. This was the closet price that I could average up! Stay Strong, Stay Long!
REMINDER: List of ELTP Filed Drugs with FDA
Thanks Moose for the labels! Yes, I believe Elite is distributing Oxy and Acetaminophen (Generic Percocet)
(NASDAQ2020: No change to the table yet)
Thanks Winechemist
Much appreciated Winechemist! thanks for knowledge sharing.
Purdue's Oxycontin patent expired in April 2013 and FDA for public safety banned generic version of original Oxycontin NDA 20-553.
However, I believe FDA will accept ANDA for generic Purdue's reformulated Oxycontin with ADT. That is exactly what Elite has filed. Yes, it is a game changer. That could be a big deal that many don't realize.
https://www.gpo.gov/fdsys/pkg/FR-2013-04-18/pdf/2013-09092.pdf
https://www.cnn.com/2013/04/17/health/fda-oxycontin/index.html
https://www.foxnews.com/health/fda-bans-generic-version-of-oxycontin