Elite Pharmaceuticals Inc (ELTP): I believe we only have a 90-day notifica...

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Elite Pharmaceuticals Inc (ELTP)

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Re: sharkey1 post# 363792

Monday, 12/27/2021 9:35:58 AM

Monday, December 27, 2021 9:35:58 AM

I believe we only have a 90-day notification that the contract could be terminated by either party. When the ER reaches certain volume from Lannett’s sales distribution they will terminate and leave Elite scrambling to find another partner and rebuild IR & ER volumes. 2-year contract doesn’t mean much unless termination clause has some teeth to it.

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