Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

Nasdaq2020, here is a link that should be discussed by Elite investors because it informs the future. Moreover, it may give reason for Elite's quietas on SOX/FDA. Just a thought...here is the link...

https://seekingalpha.com/news/3386549-fda-updates-multifaceted-plan-combat-opioid-crisis

I almost forgot to include the FDA statement...almost...https://www.fda.gov/NewsEvents/Newsroom/PressAnnouncements/ucm618831.htm
A key point the FDA made is this...

We developed new regulatory guidance to promote abuse-deterrent formulations of opioid drugs, including a new path for the development of generic versions of drugs with these features. And we’ve launched an effort to evaluate whether the nomenclature that we use to describe these drugs inappropriately promotes a view that these formulations are somehow less addictive.

And, this...

This is an all-of-the-above approach. Everything is on the table.

Since it is everything, it also means everyone! PERIOD!