Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

No effect on ELTP whatsoever.

Not good news for ELPT. Any thoughts NSDAQ2020 or Weezhul?

November 25, 2016
Intellipharmaceutics Submits New Drug Application for Rexista® (oxycodone hydrochloride extended release), an Abuse Deterrent Opioid Analgesic for the Treatment of Moderate to Severe Pain

THE GIANTEST AWESOMEST BESTEST CATALYST EVER gets released on a holiday Friday. I knew it was going to be good before I read it. Can't find an American company for LUCRATIVE PARTNERSHIP is the subtext of the PR. So far, the market yawns on the news, as reality-based analysts would expect. While Rexista could be one of many potential competitors to ELTP's ELI-201, I do not think it will be approved on this round. Though I am looking forward to getting our first glimpse of the HAL data.

Play this stock until the AdComm, lots of ups & downs before then, probably in April or May 2017. In my opinion, holding IPCI into the Rexista AdComm would be very risky, as I am convinced Rexista goes down hard at AdComm due to safety concerns.