Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

Also, I may be in the minority but I support HN's decision to sell the opioids and remove the company from the potential litigation.

Please clarify. For what illegal behavior would Elite be sued? Why didn't we get sued already, since we've been selling hydromorphone and methadone since 2010/2012. Since you support the selling of the opioid ANDA, do you think Nasrat should ask Epic to stop sending us our 15% share of oxyIR?


10K-2020:

Oxycodone 5mg, Oxycodone 10mg, Oxycodone 15mg, Oxycodone 20mg and Oxycodone 30mg (“Oxy IR”)

... Oxy IR was developed at the Northvale Facility pursuant to the Epic Strategic Alliance, in which we are entitled to a Product Fee of 15% of Profits through March 2026, as defined in the Epic Strategic Alliance. The first commercial sale of Oxy IR occurred in March 2016, and sales by Epic of this product are ongoing.