Elite Pharmaceuticals Inc (ELTP)

[The ELTP King]

***** MUST READ!!!!! - HUGE LANNETT/ELITE NEWS!!!!!!!!!! *****


"For the quarter, our financial results improved compared with the preceding quarter and were better than expected, with higher product sales across the portfolio and adjusted gross margin exceeding our estimates," said Tim Crew, chief executive officer of Lannett. "This performance was in part driven by increased sales of generic Adderall in response to a market shortage where we were able to maintain supply, the sale, at a better than company average gross margin, of certain products under a private label agreement, a continuing normalization of our product return rates and, a more favorable pricing environment than we anticipated.



——————————————————————————————————————————————