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That language isn't new. It's been the 10-Q's for years.
Below is what he is referencing. As long as it gets shipped this quarter, it will be on the books for this quarter and this fiscal year. That shipment might book as much revenue as all our other products combined.
no we do not know as the financials have not been released yet.
I've proven it beyond a shadow of a doubt
We won't know that until tomorrow. We might be profitable already.
ns. below is a list of all the publicly traded companies of virtue. Glad I can clear this up:
First of all, no proof has been presented that Adderall causes long term problems and certainly no proof it causes dementia. Secondly, I see no proof of any claims that Elite is a company of virtue. And thirdly, Elite is a pharmaceutical business. All of its marketed drugs are FDA approved. Most importantly, businesses seek to make money and not virtue. No business is trying to heal any body. All business are trying to make money either directly or indirectly.
That's not how it works. Lannett markets several cns products, so we aren't getting anywhere near that much of the $38m pie.
lack of capital? good grief. Lannett does not lack the capital. the launch is not stalled. Launch takes at least 2.5 to 3 months. guess what? it hasn't been 2 months yet.
how many of those fired ceo's owned the most shares?
it's a prediction; predictions can be false. Just like the prediction we'd be bankrupt was false or the prediction Nasrat could never ever get anything approved or the prediction we'd never find a real partner. I know, I know we aren't worth 80 billion yet, either and someone stole Glenmark's trademarked logo.
We don't know that, now do we? We may have been profitable in the previous quarter. Stay tuned to find out soon. maybe that's why we aren't 10 pennies or less pps.
sure but that wee little bit doesn't compute with 0 profits = 10 pennies or less pps. We are presently more, not less. Whoopsy.
we're above 10 pennies right now
I guess we can flap about that CRL we supposedly got in December but didn't. CRL on the way. Whoopsy.
wth is a magic pilar?
I'm sure Nasrat is lying. Maybe he's out of the loop of what is going on at Elite Pharmaceuticals. Maybe I'm misinterpreting his words.
Should I sue Elite when Sequestox doesn't show up in pharmacies?
We can all go buy iPhones. Tell us where to go buy either of these elite products. Great analogy. Whoops.
maybe some day Sequest will be affectionately referred to as Lazarus instead of Nasrat's folly.
It's ROXICODONE, not Roxycodone, btw.
except Nasrat specifically said we aren't proceeding forward with any ART formulation.
the below statement has nothing to do with SequestOx. The claim was that SequestOx development was halted solely bc of lack of funding. Furthermore, the new, undisclosed platform favors competing against cheap generics unlike SequestOx. Therefore, the below statement contradicts the claim that lack of funding is the sole reason for pausing development. This quote supports SequestOx's death.
this following claim completely contradicts what Nasrat said?
Merck bought Arql for 2.7 billion and Sanofi bought Synthorx for 2.5 billion. Arql's lead drug was also in phase 2 when they made the deal. We'll stair step up for a few weeks or months and eventually get bought. The market is hot for new cancer drugs bios.
eye roll
Elite will announce on the 7th or the 10th that they will release the financials on the 11th with a conference call to discuss on the 12th.
that incorrectly assumes Elite is somehow holding up Lannett. Highly unlikely and absolutely no legitimate reason to assume Elite or anyone is not getting the job done.
what's the context of the comment below, then
no where in my statement does it say anything about manufacturing
not for everybody
it's not past due
Whoopsy whoopsy whoopsy
Would take at minimum 9 weeks to be outside single weeks.
Whoopsy
Lannett is responsible for the launch. That means the ball is in their court, not Nasrat's.
this is from the transcript. As aptly said, the transcript is probably a little off. Not much here, but it verifies the point.
why would somebody read that and cry like a little baby.
seems like an incredibly bad deal for Epic unless they had major debt. There's a lot more to that deal that we don't know about.
where does January 13 or 14 come from?
Lannette will probably announce it.
Some related good quotes from Nasrat:
We have numerous generic products under consideration.
we continue to work on other differentiating generics and we will update you on those developments and projects upon achievements of specific milestones.
that we are partners on two products that are superior that are coming down the pipeline. One is the central nervous system product and another one that I will discuss once we have a triggering event or a material event regarding that product.
From the development standpoint, we have one critical product that we have developed with SunGen that has an IMS data for $1.5 billion and upon achievement of key milestones we will update you on these developments.
Something tells me that Nasrats law background will restrain him from settling when there's only a supposed investigation.
yeah, I'm sure that's it. Really, I mean it.