Elite Pharmaceuticals Inc (ELTP)

[rrr2003]

Glenmark India, US, Latin America operations all contribute to the financial results of Glenmark Pharmaceuticals Ltd. the parent company located in Mumbai, India.

Sorry but its without a doubt Glenmark USA is a completely different entity than Glenmark India

Glenmark Pharmaceuticals Ltd. website (financials section)

http://glenmarkpharma.com/investors/financial-results

Glenmark's consolidated revenues:

http://glenmarkpharma.com/sites/default/files/MDA-Q2FY19-vfinal.pdf

An excerpt from the link above (page 7 of 11). The quote is from the parent company (again. . .on its website) talking about its USA operations.

"Glenmark has 2 specialty assets currently in development, which includes Ryaltris™, Glenmark’s first NDA filed in the U.S., and a biosimilar for Xolair®."

Why is it that Glenmark Pharmaceuticals Ltd. (India) and Glenmark USA revenues are included and contribute to the overall consolidated revenue in the table included in the link above? A table that was posted by Glenmark Pharmaceuticals Ltd. (India) on their website.

Glenmark is a large global successful pharmaceutical company and Elite was able to form a partnership with this company for some of its products. It does not get much better than this.

Yes, I agree, DD is very helpful when properly conducted. Looks like the "interns" need to go back to school to improve their DD skills. LMAO