Elite Pharmaceuticals Inc (ELTP): nasrat said it would cost Elite another...

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Re: namtae post# 251939

Wednesday, 04/26/2017 3:11:57 PM

Wednesday, April 26, 2017 3:11:57 PM

nasrat said it would cost Elite another $2-3m prior to resubmitting Sequest.
Sorry if the TRUTH is troubling, I understand

Actually, the truth is there is no additional filing fee. The additional
2-3 mil being referred to pertains only to the cost of the additional trials being conducted prior to the SequestOx resubmission.

https://seekingalpha.com/article/4045461-elite-pharmaceuticals-eltp-ceo-nasrat-hakim-q3-2017-results-earnings-call-transcript?part=single

Does the company have to resubmit the entire application with the additional information and will the FDA have to review the entire application and you have to pay $2.3 million? No, we don't have to resubmit the entire application. We don't have to pay another fee.

How much will these additional studies cost? About $2 million to $3 million

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