Elite Pharmaceuticals Inc (ELTP): Are you saying Lannett is looking do dec...

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Elite Pharmaceuticals Inc (ELTP)

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Re: no2koolaid post# 372942

Monday, 08/29/2022 11:10:33 AM

Monday, August 29, 2022 11:10:33 AM

Are you saying Lannett is looking do declare BK, to erase debt

Lannett is in debt, they owe millions

lets hope they pay Elite before the go under

The defining feature of Lannett's balance sheet right now is the $937M in debt, principally from the Kremers Urban acquisition made at the end of 2015. Looking for a path to growth, Lannett purchased Kremers for $1.23B, nearly doubling revenue and gaining a new manufacturing facility in Seymour, Indiana. Source: Corporate Presentation

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