Elite Pharmaceuticals Inc (ELTP): Insurance was not an issue at the time...

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Elite Pharmaceuticals Inc (ELTP)

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Re: jour_trader post# 370341

Sunday, 06/26/2022 9:05:51 PM

Sunday, June 26, 2022 9:05:51 PM

Insurance was not an issue at the time

Yes it was...

From the CC transcript...https://seekingalpha.com/article/4470089-elite-pharmaceuticals-inc-eltp-ceo-nasrat-hakim-on-q2-2022-results-earnings-call-transcript

So insurance is a major problem for us. They insure us on everything else, but they will not insure us on opioids. They call it opioid exclusion. So they give us product liability, we're insured right now for Elite. But if we do opioids, then that section is not accepted. Okay. And we will have to fend for ourselves and pay for that ourselves. So that's the second thing. And the third is finding a sales and marketing partner who's willing to sell these products and risk themselves also for lawsuits and insurance issues. That's been our issue.

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