Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

Elite Pharmaceuticals Inc. (“Elite”) signed a License and Distribution Agreement with Dexcel Ltd. (Or Akiva, Israel) to be the exclusive distributor

Right and Elite can begin distribution in Israel pretty quickly. In the meantime, with the assistance of Dexcel, they apply for approval with the EMA. The strategic nature of the agreement is to enable approval by EMA, which can be done in 210 days or less and, when done, leads to approval of the product in all 28 European Union (EU) Member States and in Iceland, Liechtenstein and Norway. A company does not enter into a distribution agreement with a firm that has commercial reach into 39 countries with the desire to only enter one. Kind of like telling LCI only to sell in one state.

As the Mandalorian would say...It is the way!