Elite Pharmaceuticals Inc (ELTP)

[The ELTP King]

They got rid of Lodrane D according to my research and they are also getting rid of Methadone according to my research and Carter's comments.


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141188240

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141188309


Conference Call:

Carter: One more thing on Methadone, most of you are probably aware that Methadone is the product that we manufacture on a contract basis and that contract technically expired on December 31st. And I did get a few comments on that. We're still working with our Methadone customer and discussing a renewal. There continues to be demand for this product. We've been getting orders from the customer and we have been honoring those purchase orders received from this customer and we continue to manufacture Methadone for them.

Nasrat will be giving an update on all the product development that's going on in Elite, which will give you an insight into contract manufacturing’s decreasing role in Elite's long term strategic plans. But in the near term, contract manufacturing is important to us. We continue to make and ship Methadone and we expect to do so for some time.