Elite Pharmaceuticals Inc (ELTP): Since PuraCap paid the $2.5 mil mileston...

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Re: lasers post# 206516

Monday, 06/20/2016 6:54:35 PM

Monday, June 20, 2016 6:54:35 PM

Since PuraCap paid the $2.5 mil milestone, it now becomes clearer that they will pay the $7.5 milestone when the FDA announces SequestOx approval. PuraCap obviously acquired Epic to become part of the USA SequestOx program. By doing so PuraCap becomes the sales, marketing and distribution team for $ELTP's SequestOx replacing Epic. This was excellent information to learn today.

With PuraCap controlling 68% of the opioid sector in China. it is more obvious now that they intend to take $ELTP ADFs in a global partnership. $ELTP spoke very highly today of PuraCap Pharma capabilities. This is an extremely bullish potential situation for $ELTP in the +$50 Billion Global opioid sector.

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