Elite Pharmaceuticals Inc (ELTP): The Concerta application is now at least...

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Re: WeeZuhl post# 342240

Wednesday, 08/19/2020 9:26:42 AM

Wednesday, August 19, 2020 9:26:42 AM

The Concerta application is now at least certain if not imminent. SunGen getting out of the US drug business had put its future with Elite into question. I think that potential loss has weighed heavily on the stock price. Once they file the application the market will bake that impact into the price and SP will start improving. It will also be 100% Elite's. The most important sentence in yesterday's discussion for me was "We resolved the issues with SunGen and this product now is with Elite."

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