Elite Pharmaceuticals Inc (ELTP)

[timduy]

It comes down to how much the generic business is worth. ELTP entire pipeline is meaningless at this point as FDA has rejected Sequestox. Labeling and food suggestion when taking Sequestox is not adequate to address overdosing concerns. There is no easy way to address this problem. One suggestion was to change to a thinner or faster dissolving polymer. Even if Elite is able to do this, they would have to start over with at least a BE study and and new phase 3. LPC was the last chance financing avenue for Elite. Who else would want to fund ELITE going forward. I see no way out for ELITE other than to file bankruptcy to protect generic business..... Or 1000 to 1 reverse split and issuing a few more billion share wiping out all share holders.