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Re: None

Wednesday, 11/13/2019 11:41:59 AM

Wednesday, November 13, 2019 11:41:59 AM

Post# of 444897
It sounded to me that Elite is ready to get out of the opioid business. In previous quarters I thought he felt it would be a business they would return to, this go around I felt it sounded like he was saying that it doesn't make good business sense. I'm good with that. Comments regarding this topic:
- doctors are not prescribing the abuse deterrent options available
- multiple large pharmaceutical companies have decided not to bring their approved abuse deterrent products to market
- other good investment opportunities with much less risk and known viability in market
- they are going to divest of some opioid ANDA to say under the 20 limit (my personal thought is good luck finding a buyer....)

In terms of evaluating a CEO, I think Nasarat moving a company from being a speciality opioid producer to a profitable generic and avoiding becoming part of the giant lawsuits deserves recognition.

Now we NEED that approval in a month!
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