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We've waited so long for many of these drugs to come out + the new facility to be completely approved.. I think we DESERVE a massive PR that opens up the facility plus multiple drug approvals simultaneously. The longer we wait, surely the closer everything will happen in rapid succession if not on top of each other, right?
Just seems like the easiest because they already have it approved and Naltrexone as well.
If the new opioid was an abuse resistant Hydromorphone, would they keep selling both regular and abuse resistant versions? Maybe it will be a different drug.
"The endless predictions of products any day..."
I mean.. Aren't they due for approvals any day now and have been for awhile? It's pretty obvious that the only thing keeping ELTP at 4 products versus 7-8 (+naltrexone, phendimetrizine, lodrane, ?ANDA) is the FDA. What products have they applied for that haven't eventually been granted from the FDA? I'll go ahead and answer for you: none. Keep at it though, you seem to have the time.
P.S. Purdue have some "also ran" patents too? LOL LOL
Lol nice job Couch. I only just got to 119k today =/ Wish I had more to invest. Steadily trying to add in ~$500 chunks here and there though. Good luck to you, hopefully it will pay off big for us all before too long!
Yep, had 5,000 shares printed on $0.102 myself today!
GLTA
Ohh okay.
How you are voting, for or against?
Someone got the .098s but it wasn't me... =/ Cmon .102s...
If you really do own shares of this company (ELTP), then I genuinely do not understand your attitude toward the company's progress and the statements you make on this board... You stated that you were down about $9500 in one account and also down in another account.. Are you under the impression that your skeptical remarks and other posts with negative connotations about Elite will actually raise your account balance? I'm really at a loss here. Seems like shooting yourself in the foot to me.
New investors that come to this board should be able to quickly find accurate facts, with neither positive nor negative bias attached. The company has had its issues, that much is clear. Companies usually don't go trading from dollars to dimes without any problems. However, it is also clear that the products launched since the removal of the best money makers (original Lodranes, which should be approved later this year or next, btw) are selling more and more. With multiple products waiting to be FDA approved and commercialized, surely you don't think that will DECREASE the value of this company or LOWER the price per share... do you?
I just read through the CC transcript again. ELTP management sounds really excited about this fiscal year and where the company is headed. Very cool. Also, if we keep posting revenues like we just did, I would think we'd be ahead of the Lodrane year in terms of operating profit (minus any BE studies like they mentioned might start). So imagine when we do get those Lodranes back. Plus all the increased market share from the other 498 allergy products that were pulled. So many pending positives for ELTP, its nuts.
Morning Cargo! Yes hopefully .13+ today. News would be awesome.
So does the 3 million+ volume suggest that legitimate trading is going on vs. MM games?
No kidding. Quite the surge going on randomly.
Solid post Couch, many interesting links/reads. It would appear that Elite is well placed to profit from the coming legislation for prescription drug abuse! Hopefully soon they can get some studies going to prove to the FDA that their tech works!
GLTA Longs
Thats awesome news steges. No telling how much value that would add to Isradipine if Parkinsons became an FDA-labelled indication for use. Also, even if it doesn't officially, docs sometimes prescribe it off label if they believe it will genuinely benefit the patient and won't interfere with any co-morbidities or other medications.
Wish I had more spare change to invest! Paying for master's degree is about to start slowing my accumulation down even further. =/
GLTA Longs
Sounds good Cargo!
Hopefully we'll see some news soon to also ran us up to higher teens and beyond!
GLTA Longs
Snagged 4250 more shares at .1127 yesterday. Not much compared to some on here but adding blocks nonetheless!
GLTA
Just got back into the country from a trip and am seeing a story on CNN at the Newark airport about the FDA providing an incentive to Purdue I think, if they run an additional study to determine safety and efficacy of OxyContin to children aged 6-16. Apparently it is prescribed off label to children and young adults with moderate to severe pain already and the public is worried about abuse potential. This directly evidences the need for abuse proof painkillers which positions Elite quite well, in my opinion. Posting on my phone or I'd get the link to the story too, might be on CNN.com.
That's okay. When everyone panics and drops the stock price 3 or 4 pennies on Monday just snatch up some super cheap shares and hold your ground. We all know what's coming.
http://www.elitepharma.com/employment_opportunities.asp
I thought I saw 3 openings before... Did they fill one of the positions?
"Why would the commission tell them they could not do the deal as structured."
Great question. Maybe because they didn't?
Yep, definitely exciting. We have 4 products that could literally launch any day now, plus the situation with the Lodranes.
"Extended release opioids including ELI-154"
"Abuse resistant opioid products including ELI-216"
Multiple products in both classes besides the obvious 154 and 216 that we already know of?? Tang, is that the reason its posted as ANDA and NDA, you think? That would be unreal.
And then the undisclosed ANDA that is pending FDA approval that is completely owned by Elite.. Wasn't aware of that one either.
I can't wait for the next few months to play out. Interested to hear your thoughts on this Tang. As well as anyone else..
Its a shame that the SEC "pulled the plug" on our biggest funding agreement to date.
...LOL LOL.
Is it possible that the private financing referred to in the filing may in fact be JT's loan? Or does his not count as "private"? Just spitballing here. I'm hoping it is indeed a sign of a bigger funding agreement with a partner.
Perhaps you are on the wrong message board? No, we don't have a link stating that Watson visited "lite". I'm not sure who "lite" is, but this is Elite Pharmaceuticals.
Patents that have already been awarded to Elite per their updated website (minus ones assigned to Celgene):
Patent #5,871,776 = CONTROLLED-RELEASE NIFEDIPINE (awarded 1999)
Patent #5,902,632 = METHOD OF PREPARATION OF CONTROLLED RELEASE NIFEDIPINE FORMULATIONS (awarded 1999)
Patent #6,620,439 = CHRONO DELIVERY FORMULATIONS AND METHOD OF USE THEREOF (awarded 2003)
Patent #6,926,909 = CHRONO DELIVERY FORMULATIONS AND METHOD OF USE THEREOF (awarded 2005)
Patent #6,984,402 = CHRONO DELIVERY FORMULATIONS AND METHOD OF TREATING ATRIAL FIBRILLATION (awarded 2006)
Patent #8,182,836 = ABUSE-RESISTANT ORAL DOSAGE FORMS AND METHOD OF USE THEREOF (awarded 2012)
What excites me about the website upgrade is the Lodrane 24h stuff. "Scale up" w/ ECR? Is this just what we've already known or is significant progress being made? Elite was almost profitable on these products alone, not to mention the products they are selling now. I'm honestly thrilled about Elite at this point, ready for the CC. Only thing is, I'll be out of the country when it occurs so please post on here about it everyone!
For all our sakes and pocketbooks, I hope you're right!
Cargo,
Very interesting to see your take on the latest SEC filing from Elite. Are you familiar with the company symboled HAIR that you previously mentioned? Are you able to give any type of comparison as to potential between ELTP and HAIR in relation to a private offering that may raise the stock price? Just wondering if this other company had anything comparable to the type of technology that Elite has come up with, and if that company can get X for a stock price offering, what can Elite get? Of course its all complete and utter speculation and I realize this may be an outlandish question but I'm just curious to see what your opinion is on the matter. Thanks in advance.
*I am also in the school of thought that JT would not refuse a deal with Socius unless he had a better backup plan in place. Logically, it just doesn't make any sense otherwise. Not to mention footing a $500,000 loan of his own money to Elite for continuing operations and expansions. As the CEO, he obviously has a clear picture of Elite's condition as a company and must think that injecting his own capital into the company will produce positive results.
10/409,992 Abuse-resistant oral dosage forms and method of use thereof
Transaction History
Date Transaction Description
06-15-2012 Email Notification
06-08-2012 Mail-Petition to Revive Application - Granted
06-07-2012 Petition to Revive Application - Granted
Elite patent app 12/640,344 ABUSE-RESISTANT ORAL DOSAGE FORMS AND METHOD OF USE THEREOF update
Transaction History
Date Transaction Description
06-06-2012 Preliminary Amendment
So tempted to snag some more at these levels but I'm on the fence. Never know how the CC/financials will go, might be the best in years! Then again, buy the rumor/sell the news has seemed to dominate every piece of news here recently. What are you guys planning on doing before the CC?
Anyone post about this yet? ELTP patent app 12/640,344 ABUSE-RESISTANT ORAL DOSAGE FORMS AND METHOD OF USE THEREOF starting to see some action behind the scenes.. Anyone able to enlighten me how this one differs from the other ones approved and/or pending?
Image File Wrapper:
06-06-2012 A.PE Preliminary Amendment PROSECUTION 1
06-06-2012 CLM Claims PROSECUTION 2
06-06-2012 REM Applicant Arguments/Remarks Made in an Amendment PROSECUTION 1
06-06-2012 N417 EFS Acknowledgment Receipt PROSECUTION 2
06-06-2012 TRAN.LET Transmittal Letter PROSECUTION 2
04-22-2010 NTC.PUB Notice of Publication PROSECUTION 1
01-08-2010 APP.FILE.REC Filing Receipt PROSECUTION 3
12-17-2009 TRNA Transmittal of New Application PROSECUTION 2
Transaction History:
05-17-2011 Case Docketed to Examiner in GAU
04-22-2010 PG-Pub Issue Notification
http://portal.uspto.gov/external/portal/!ut/p/c5/04_SB8K8xLLM9MSSzPy8xBz9CP0os3hff1NDc1NLYwN3SzcDA08PwyD_YF8zINcYKB-JW97AiCLdBgR0h4Nci992vPIGEHkDHMDRQN_PIz83VT9SP8ocpylGZvqROanpicmV-gW5oREGmQEZgY6KigBnIW_S/dl3/d3/L0lJSklna21DU1EhIS9JRGpBQU15QUJFUkNKRXFnLzRGR2dzbzBWdnphOUlBOW9JQSEhLzdfTU81MTc1OTMwRzlGMDBJSDFST1NNNjMwMjYvT0c4UG4zODAwMDU2L3NhLmdldEJpYg!!/
Another update on Elite's 10/409,992 patent application
06-08-2012 Mail-Petition to Revive Application - Granted
06-07-2012 Petition to Revive Application - Granted
05-09-2012 Petition Entered
07-15-2009 Mail Abandonment for Failure to Respond to Office Action
07-14-2009 Aband. for Failure to Respond to O. A.
Exciting times. Hopefully we are on the brink of an explosion in pps. If nothing else, I believe important groundwork is being put into place for Elite to experience long term prosperity. Will be trying to add more in chunks this month.
GLTA Longs
Bought what I could for now, 3250 shares @ .1499. Keeping the faith.
Great post Faisal. Yes i completely agree. This is only my 2nd or 3rd penny stock but I'm hoping it will be one of the last I ever need to invest in. I had been down most of the year (2011) until recently.. bought a good chunk of my shares at .20+ and then averaged back down as it dropped in 2011. Sitting at .145ish avg right now with about 106k shares. I was down around 50-60% at times last year but they say you don't lose until you sell so I hung with it. I am eagerly anticipating how the public will react to an official PR about the new patent. We as message board readers know about it but I can't believe that the average Joe follows the U.S Patent Office on a daily basis. I plan on holding my shares to $1 and beyond, would be happy to sell around $4-5. Also buying on significant dips if any. Good luck to all, I think we picked a good one.
Anyone familiar with the patent approval process? What is the absolute last step before the patent is a done deal and officially issued?