Elite Pharmaceuticals Inc (ELTP)

[jour_trader]

All depends on how big approval is they are anticipating first half of this year. 4 ANDA goal has been delayed and those that will be filed are primary going to be crammed in late this year or early next + layer on 10 months review time + any delays for FDA. Not sure there will be much impact this year or next, which is why Nasrat said 4 ANDAs this year and 4 next IF financial (ie self funding) works out. He’s also really worried about Lannett and their recent Adderall approval. I’m sure they are getting Adderall IR ANDA as well, which leaves Elite with the proverbial bag when that day comes, which is why Nasrat is looking for a new distributor. Hopefully he finds one and doesn’t build out their own sales staff. That would be an absolute nightmare at this point.