Elite Pharmaceuticals Inc (ELTP): The drug(s) purchased by Mikah in the di...

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Elite Pharmaceuticals Inc (ELTP)

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Re: namtae post# 218796

Friday, 07/29/2016 10:39:08 AM

Friday, July 29, 2016 10:39:08 AM

The drug(s) purchased by Mikah in the divestiture would have been in process for awhile, prior to any knowledge of the CRL coming. This happens under the oversight of the FTC. The acquisition is in the final stages of closing. It takes months for the process to play out. We are talking about $1B in divestitures (the biggest in history). As soon as Teva closes, the divestitures must be completed within 10 days. One must assume that Hakim has secured something positive out of the 79 options for Elite. This could be very interesting.

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Form 8-K - Current report • Edgar (US Regulatory) • 05/20/2024 08:30:31 PM
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