Elite Pharmaceuticals Inc (ELTP)

[jour_trader]

This is a non-payment risk, but don’t think it is that significant. Lannett will want to continue business operations. All payables due prior to bankruptcy would be a potential hit to Elite and would take many many months to hash out in bankruptcy court if they get anything or small amount to every dollar owed, but Lannett will want to maintain status quo much as possible. Lannett will keep operating and they need Elite’s CNS partnership as of today. Lannett will want to do what they can to keep relationships in good standing.