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Why do you think Generic Oxycontin with ADT is years away??????
I don't think so.
I agree with winechemist here. I guess Elite has started selling those two drugs a couple months ago, almost the time I pointed out that Generic Percocet was added to Elite website under Products!
Time will tell But GOOD TIMES IS AHEAD OF US!
Good times ahead!
so, in that case I'm wondering what would be CNS Stimulant Sungen/Elite#5 if it is not Vyvanse?
Is VYVANSE off the patent?
It might be Generic Vyvanse, so far I found this has annual sale of > $1.6 billions
For 2017 annual sales:
http://investors.shire.com/~/media/Files/S/Shire-IR/quarterly-reports/2018/full-year-2017-results.pdf
2014 Annual sales
https://www.drugs.com/stats/vyvanse
Based on below link and > $1.6billion assumption anual sale of this Sungen/Elite#5 then it can't be Generic Strattera.
https://www.additudemag.com/fda-approves-first-generic-versions-of-adhd-medication-strattera/
PS: in this link it says its annual sale is $535 million
Hi NASDAQ2020, The table is same as before. I just want to repost it as a reminder.
Cheers
It should be one of the drug in this link:
https://www.drugs.com/drug-class/cns-stimulants.html
Anybody can look at yearly sale of these at IQVIA?
Totally agreed. They are making drugs and they can't fill the orders in one shift so they are hiring for second shift. Very simple and I smell money $$$
Elite has great pipeline.
Norco approval should be on the way. Just FYI, Epic pharma has Norco as product for some time now! Check their website. Im wondering who helped them!!
It is a reality that is shaping under the radar. Patient people will be rewarded!
Exactly, I'm averaging up! Just bought 30,000 more shares.
Long and Strong ELTP
Don't think so as some people trying to average down!
Based on the PR there are three formulation tested. Two are reformulated SequestOx which I believe are two beads. Third is new unique formula that is without Naltrexone which Nasrat said they are filing a patent for it, that is the one that manufacturing cost will be 90% cheaper.
Good time ahead...
Thanks NASDAQ2020. I see the light at the end of tunnel!
I belive a small pharma company like Elite has done a great job in last couple years and big pharma seems willing to knock her down through lobbying etc as they know Elite is a sleeping monster under the radar at OTC market.
Just look at the table I have posted a few days ago, it is huge for a small company . You have been here for over 5 years now, I know it is getting harder and harder to be patient but we are getting there. Not sure what your average buy price is but still your choice to hold or sell.
You know there is no guarantee in stock market, just a reminder "The stock market is a device for transferring money from the impatient to the patient. Warren Buffet"
Patent for original Oxycontin was expired on April 2013. FDA banned generic Oxycontin for public saftey because none of generic had Abuse Deterrent technology BUT what Elite has filed in Sep 2017 is Oxycontin with ADF. Yes this is different ball game. If approved Elite would be the only independent pharma (not under a license) which will compete and gain share from 2.5 billion dollars market that currently Purdue has.
This is BIG move by smart small pharma company.
I see EMBEDA is in that list!
I loaded 40000 more shares yesterday. It was a great deal!
Stay strong. Stay long.
Hi N2K and NASDAQ,
Not sure how Epic got Hydrocodone Bitartratate and Acetaminiophen Tablets FDA approval if Pfizer discontinued NORCO. I think if they got the approval then Elite should get the approval similarly. Any thoughts?
I feel Elite's and Epic's Hydrocodone Bitartratate and Acetaminiophen Tablets are the same! maybe...
http://www.epic-pharma.com/hydrocodone---acetaminophen.html#
http://www.epic-pharma.com/news.html
It is very interesting that Elite has listed Generic Percocet as Commercial Product in their website. I'm thinking they have already started manufacturing and maybe even shipping:
https://www.elitepharma.com/products/
Approval of Generic Percocet is a GREAT news!
Congrats longs! Lasers, Couch, NASDAQ2020, Aqua, senderos, Drugdoctor, Dr PeteRose MLB, no2koolaid, Mazeppa and anybody that I missed to name (sorry!). It has been a long ride and years of waiting and patience, it seems finally all of that is geting paid off.
Hey Lasers, Couch, NASDAQ2020,
Do you know who manufacture hydrocodone bitartrate and acetaminophen tablet in the US which has $700 million sale in US.
Thanks
And thats why Elite is gold mine.
That make sense.
Great DD. Thanks
Hello Longs, we know that the fact regarding to Elite novel technology hasn't been changed, even FDA approved it with not raising even single issue in CRL.
What I see FDA changed its mind and made a labeling issue now a safety issue, but back to FDA question, we know hundreds opiods drugs are in the market and they have exactly similar issue in regard to Tmax in fatty foods, all have been approved and are in the market. FDA just delaying Elite giving time to other giants to bring their products first into market and or negotiating a better deal with Elite to buy them out, I'm glad that Nasrat is a smart CEO and will protect all shareholders and his shares too!
Good luck LONGS!
Agreed, all x00 are IR and all x01 are ER, IMO.
Well said. CT, poison pill, qualified BOD.... something is brewing behind the scene. Nasrat has mentioned a few times he accepts a fair deal as buyout.
GO ELTP. LONG and STRONG