Elite Pharmaceuticals Inc (ELTP): BP is truly threatened by ELTP being abl...

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Elite Pharmaceuticals Inc (ELTP)

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Alias Born	06/28/2005

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Friday, 10/19/2018 12:43:43 PM

Friday, October 19, 2018 12:43:43 PM

BP is truly threatened by ELTP being able to manufacture drugs at 10% of the cost. This is a massive paradigm shift in the pharma world to be sure. It could bring down many BP companies. There would be no contest. Nasrat is smart by bringing in the Chinese. He is saying play ball or I will go to the Chinese which will also ruin BP but many Americans will lose their jobs. Hopefully the FDA will see the error of their ways. BP will ultimately deal with ELTP and it will be costly either by threatening the existence of BP companies or an expensive buyout.

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