Elite Pharmaceuticals Inc (ELTP): Desperate times call for desperate measu...

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Elite Pharmaceuticals Inc (ELTP)

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Re: no2koolaid post# 349946

Friday, 01/29/2021 8:37:05 AM

Friday, January 29, 2021 8:37:05 AM

Desperate times call for desperate measures.

This is just one of several instances where Nasrat stated the bad business that contract manufacturing is. After this quote he ends up selling off Methadone ANDA to make the situation even worse. And now he‘a going back to contract mfg after turning his back on the weak margins. Amazing visionary. :D

“Now, remember, there is a big difference between contract manufacturing and ANDA ownership. In the past, Elite earned a manufacturing fee and that is all.

Referring to minimal revenue earned under Methadone contracting prior to ANDA ownership...before they sold that line off as well. “

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