Elite Pharmaceuticals Inc (ELTP)

[elichen]

It’s all about getting approval of SequestOx (and/or some other big $ drug). PPS means nothing until then (except to flippers) and proves nothing about the company.

Just the same as if ELTP were a gold mine that for twenty years was dead but suddenly a rich vein of gold is struck. Or an oil well that for fifteen years was dry as dust…until suddenly, on one ordinary unexpected day, great gushing plumes of oil shoot up! In both cases, PPS would shoot up right along with the new circumstances.

Same thing with ELTP—the exact time cannot be predicted. But it will happen. Soon, i hope.

But actually, there is one big difference in ELTP’s case, which is: we keep seeing progress both in drug development and in partnership with Sungen.