Elite Pharmaceuticals Inc (ELTP)

[PH4RM4C3UT1C4LS]

IMO you should grab your sub 20's while you can, when we break again ELTP is not going back to the teens. We only dropped back because of the Warning Letter that everyone tried to negatively hype. I see it as a good thing since the FDA is making sure we can collect ADE's for our new drugs that are waiting site transfer, and OH APPROVAL OF ELI-200/SequestOX.


Side Note

Did some DD myself and talked to a few of my Pharma connects at GSK and TEVA, about how big of a deal the CRL was, over the past few weeks. What I came up with, is a relatively cheap study, far under 5 mil would suffice to give the FDA the Tmax data. Additionally, it has come to my understanding that this study is only needed for the FDA to verify and check we have upper and lower limit data on the Tmax with and without a fatty meal and that it is not a true safety issue. We give them the data, and we will get approval.

Finally, it is quite intriguing that all of my connects have heard about ELTP and it's technology. Very interesting.

My avg cost is almost on par with the share price now with all the averaging I've done. I am excited for the increased reward potential with my newfound share structure and price avg ;).

GO ELTP Long and Strong.