Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

You are spot on about Numbrino getting killed because of the pandemic. LCI was counting on it as a big add to revenues. They are also working on a couple of others but their cash drain and lack of increased revenues is killing them. Their decision to end the relationship with Elite was unsurprising, as they need to figure out how to better monetize all their assets, including their versions of IR & XR. And we really do not know the signals Elite gave them. Since Elite announced Kirkov just days after the announcement of the LCI termination, we may be underestimating how far ahead Nasrat was in the game.