Elite Pharmaceuticals Inc (ELTP)

[Couch]

Solid post as usual Bluesummers! I appreciate the inside perspective and in terms of Phase III results being shit - that may be but you usually have to have them to get a branded opioid approved.

And one point you made stood out in particular! Here it is!

He said look at it as a longterm investment because right now the expensive painkiller is hydrocodone that is asked for. The patients determine what they get. The doctors and pharmacists have to listen.

I'll next point to the number one prescribed Hydrocodone product - Hydrocodone with acetaminophen - NORCO - and who has a generic NORCO - YEP ELTP.

AND NORCO is the #1 prescribed drug in the US period - at least on this list!!

Several times a year, GoodRx creates a list of the most-dispensed prescriptions in the U.S. To form our list, we look at a sample of claims as reported by pharmacies across the country. We combine prescriptions for brands and generics; we also display the GoodRx Fair Price for the most common form, dosage and quantity.
https://www.goodrx.com/drug-guide

I agree ELTP is a longterm investment at this point - an anomoly on the OTC but we both know ELTP started out on the AMEX and still conducts its business practices as a big board stock.

Elite Pharmaceuticals Files ANDA For Hydrocodone And Acetaminophen Combo

NORTHVALE, N.J., Dec. 12, 2016 (GLOBE NEWSWIRE) -- Elite Pharmaceuticals, Inc. ("Elite" or the "Company") (OTCBB:ELTP) today announced that it has filed an Abbreviated New Drug Application (ANDA) with the US Food and Drug Administration (FDA) for a generic version of Norco (hydrocodone bitartrate and acetaminophen tablets, USP CII) 2.5mg/325mg, 5mg/325mg, 7.5mg/325mg and 10mg/325mg tablets. Norco is a combination medication and is used to help relieve moderate to moderately severe pain. The combination products of hydrocodone and acetaminophen have total annual US sales of approximately $700 million according to IMS Health data.

"Hydrocodone/acetaminophen is a strategic addition to Elite's pain medicine portfolio. This immediate release opioid product is used extensively by doctors today in pain management. The acetaminophen creates irritation if the product is crushed and taken intranasally, thereby potentially providing some intranasal abuse-deterrence according to the FDA," said Nasrat Hakim, President and CEO of Elite. "Elite is committed to developing a diverse range of opioid abuse-deterrent pain products using our proprietary technology and building a foundation of attractive niche generic drugs."