Elite Pharmaceuticals Inc (ELTP)

[mts]

FDA has been blocking Sequestox for years. About 3 FDA Directors ago Sequestox was going to be approved with a mere label change. Then that director, a lady, was fired. Since then it has been one unnecessary picky trial after another. Recent interview with FDA director revealed the FDA is bought and paid for by big pharma-"actually admitted that"-and that his hands are essentially tied and he cannot do much-said it is up to Congress to clean up the FDA.