Elite Pharmaceuticals Inc (ELTP)

[jour_trader]

Just curious, but what is going to change in 2 years to permit going to NASDAQ? If all goes well, FDA submissions start next year. We haven’t heard any results on studies yet and Elite has typically taken about 6 months after positive study results to package the FDA submission. If all goes well and no CRL (rather rare with Elite, but not unheard of), the FDA will approve within 10 months of submission. At very best if we received positive clinical studies this month + 6 month submission prep + 10 month FDA review process with no issues = Dec 2022 approval. Launch the. Takes a few months and then to penetrate the market, well, we know how their latest Adderall is faring. It takes a while for revenue to pick up and strengthen this company. I don’t see it happening within 2 years, but I’d love to be pleasantly surprised. Past 8 years has been full of surprises, but to the downside splashed with disappointment for retail shareholders.