Elite Pharmaceuticals Inc (ELTP): Egalet (EGLT), one of ELTP's competi...

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Elite Pharmaceuticals Inc (ELTP)

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Thursday, 09/20/2018 5:10:55 PM

Thursday, September 20, 2018 5:10:55 PM

Egalet (EGLT), one of ELTP's competitors in the ADT space, is on the verge of bankruptcy.

Shareholders down 99.5% from highs.

Was $18, now 9 cents.

Stock was delisted yesterday from the Nasdaq to the OTC.

Down 50% today after being hammered nearly 40% yesterday.

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