Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

The oppressive boot of Big Government


I usually do not have the chance to listen to these calls, but I did today. I heard the CEO say in no uncertain terms that this company is being severely limited by over-regulation from the DEA of quota for methamphetamine API. I thought it was interesting that he specifically mentioned the current administration as the cause. In previous calls, he was confident that he could launch Adderall XR in just a few weeks because he knew he would have quota of API available from Adderall IR. But what he said today is that he could have sold even more IR by now if he had more quota. He cited the DEA's stinginess with API quota as the cause of any ongoing Adderall shortages.


In my opinion, Nasrat's refusal to provide any forward guidance has everything to do with his uncertainty about getting quota from the DEA. Whether by policy or lack of competent administration, the DEA has its regulatory boot on the neck of this company. Who is in charge of these Big Government thugs?