Elite Pharmaceuticals Inc (ELTP): Elite currently spends anywhere from bet...

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Elite Pharmaceuticals Inc (ELTP)

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Re: imanjen13 post# 346135

Friday, 11/06/2020 12:09:28 PM

Friday, November 06, 2020 12:09:28 PM

Elite currently spends anywhere from between 1 million to 1.5 million per Q on R&D and says they expect it to rise as R&D is the foundation for any pharma company. Not sure what reports you are looking at.

https://elite.irpass.com/sec_filings

Years Ended March 31, Change
2020 2019 Dollars Percentage
Operating expenses:
Research and development $ 5,532,462 $ 7,599,820 $ (2,067,358 )

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