Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

Nasrat didn't want to take any chance of potentially getting involved in the opioid lawsuits. That's why he sold them off.

Do you mean the opioid lawsuits that started in 2004? LOL by 2007 Purdue had been sued by 30 states and had already settled with the feds over OxyContin misbranding. The opioid lawsuits were in full swing by the time Elite started selling hydromorphone, and many had already been settled by the time Nasrat submitted applications for Percocet and Norco. There are still dozens of manufacturers enjoying the benefits of their opioid ANDA's without interruption, and they have never been sued because they have never acted egregiously or illegally. And what dufus attorney would sue Elite anyways? It took the company 30 years to make $5 million. Some deep pockets there. Only one lawyer America thinks that is a financially feasible proposition, and his name is Nasrat. The rest of them know better.


Luckily, as a sentient being, I am able to acquire knowledge and apply logic. It doesn't take much of either to realize the opioid lawsuits had nothing to do with why Nasrat sold us out.