Elite Pharmaceuticals Inc (ELTP)

[MGaddy]

We don't want the WHOLE pie, just a piece.

From the CC
Nasrat A. Hakim - President and Chief Executive Officer

Well, thank you. That’s really an intelligent question. I know a lot of stockholders think about that. So let me give you my personal take on it. The opioid market is nearly $10 billion and there is room for everybody. Little Elite is not looking to have what Pfizer would have, as they $5 billion and we get $1 billion we are very happy. So we are not looking at beating Pfizer.

The second thing is that I welcome people like Pfizer into the market and let me explain why. Pfizer is the company that invented statins. Statins are what you use like Lipitor when you have high cholesterol, okay. Their scientist invented the molecule, understood its characteristics went out there, educated the doctors, educated the FDA and the created this markets where everybody in the country now is on it, when Pfizer is leading the field ahead of us and their oxy with naltrexone, then that’s a great news for us because they are paving the way for us to get in, number one.

Number two when a company like Pfizer embraces the technology which little Elite has that would tell you that we have as a gold cup, okay. So this is how I look at it, it’s very positive, this is a wonderful thing that little Elite has the same thing that Pfizer had and maybe a little better and second Pfizer is paving the way for us, another giant is going to jump in and want to
partner with us down the road in order to compete with Pfizer
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MG