Elite Pharmaceuticals Inc (ELTP): Haha! Ummm, thanks for confirming that...

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Elite Pharmaceuticals Inc (ELTP)

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Re: Padin post# 208735

Saturday, 07/02/2016 7:54:03 AM

Saturday, July 02, 2016 7:54:03 AM

Haha! Ummm, thanks for confirming that Elite will not own the entire US market. That was precisely my point. Nasrat has stated Sequest is a 400M opportunity, which is only a small fraction of the IR space. Remember, if Elite does manage to sell 400M of SequestOx, they split 50/50 with Pura. So it becomes a 200M opportunity, but even that is a huge stretch.

Look to see how well Egalet's ADT is catching on after launch last year. The chatter here is missing a serious dose of reality.

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