Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

Yep, and we can sleep at night knowing we didn't make millions off Opioids like the Sackler family, there's a song out of the 60's called (The Pusher)

It's the right thing to do.

Spare us the ill-considered moralizing and false equivalence. Generic opioids are the mainstay of acute pain control in modern medicine. Drugs like generic Percocet and Norco are routinely and safely prescribed on daily basis around the world. If every pharmaceutical CEO had the same ethical judgement as Nasrat Hakim, then there would be frequent shortages of medications to control cancer pain, trauma pain, post-op pain, etc. There would be widespread, uncontrolled pain and suffering, and for what reason? What would be accomplished? The vast majority of opioid overdose deaths are due to illicitly-manufactured fentanyl and have nothing to do with prescription opioids. How is causing regular shortages in prescription pain medicine going to fix that?

We should not treat it lightly when we try to impose our moral beliefs on the health and well-being of someone else. I do it every day, when there is a well-considered, evidence-based reason. Get the vaccine. Don't drink and drive. Don't engage in risky sexual behavior. But I absolutely believe that denying someone adequate pain control at the end of their life because the Sacklers are bad people is a really, really gross idea. Screw the Sacklers and screw everyone else who tries to get in the way of appropriate end-of-life care.

I don't remember reading any of this moralizing about opioid risks back in 2016 when the ANDA applications were submitted. What changed? You can't have it both ways. Either it was a terrible decision in 2016 when the company committed millions of dollars and multiple years of development to generic opioids, or it was a terrible decision in 2019 when they were sold for pennies on the dollar. I favor the latter, but either way, a terrible decision was made by Nasrat Hakim. To this day the shareholders continue to suffer the long-term effects of his ill-considered moralizing and poor strategic decision-making.