Elite Pharmaceuticals Inc (ELTP): I don't think it makes sense for Eli...

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Elite Pharmaceuticals Inc (ELTP)

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Re: jbdiver post# 347771

Tuesday, 12/01/2020 9:02:11 AM

Tuesday, December 01, 2020 9:02:11 AM

I don't think it makes sense for Elite to buy the Sungen drugs from Mikah at this point. The main reason is that the profit split is small and it would take some time to recoup the investment. Instead the money should be invested in a brand new drug or buying ANDA's that can inrease our manufacturing income.

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