Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

When thinking about quotes, why not ponder something that may be more imminent?

The next set of questions are about COVID, is there any opportunity for Elite to work with other pharmaceuticals to manufacture COVID-19 pills, has Elite tried to propose a manufacturing partnership with Merck and or Pfizer for their latest COVID-19 pill, tablet or capsule?

The answer is extremely unlikely okay. It is extremely unlikely, they are large companies okay. And they do have well established facilities and they have established contract manufacturers for these products. This is not the same as our technology or the opioid anti-abuse technology which we can easily manufacture for Pfizer tomorrow because we have the expertise, the equipment and the know how and usually the volume of these products is not huge.

THEN WE HAVE THIS A BIT LATER...

What I'm trying to tell you here in simple terms is that anti-abuse technology is constantly on my mind. Frankly, someone asked about us contacting Pfizer to make COVID-19 tablets or capsules. We contacted Pfizer as recently as couple of weeks ago via our business development, and intermediary. But it wasn't about COVID. It's about our technology, because that is one thing that I do not talk about, because we have not gotten anything that we can report to you guys on. But it is definitely always on my mind.

These quotations are what critical thinkers should be discussing. Why? Because, as CEO, Nasrat knows his words matter and they are framed by his role and responsibilities. With that irrefutable fact, why does he mention Pfizer twice – out of the proverbial “clear blue” – when a simple indication Elite would not contract manufacture the Covid pills and, if they did, it would be for Moderna, which is infrastructure constrained, not the behemoth Pfizer.