Elite Pharmaceuticals Inc (ELTP): Well how's this going to work then?...

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Elite Pharmaceuticals Inc (ELTP)

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Re: jour_trader post# 335541

Wednesday, 06/17/2020 12:43:38 PM

Wednesday, June 17, 2020 12:43:38 PM

Well how's this going to work then?

Loxapine scheduled to launch within 2 weeks.

Only 3 other competitors. One being Lannett. LOL.

LOXAPINE SUCCINATE CAPSULE;ORAL 076868 ELITE LABS INC
LOXAPINE SUCCINATE CAPSULE;ORAL 090695 LANNETT CO INC
LOXAPINE SUCCINATE CAPSULE;ORAL 076762 MYLAN
LOXAPINE SUCCINATE CAPSULE;ORAL 072204 WATSON LABS

No, Elite hasn’t done the bioequiv or other required testing due to lack of cash.

Lannett won’t be our distributor, but who we choose will directly compete with them. Will be a rather odd relationship.

"Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well." - Warren Buffett

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