Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

How does a company get an approval and see its share price go down and drive the market cap lower than annual revenues and people say - Nothing to see here!

6/29/22 -Sabril approved (sold off for unknown amount)
4/4/22 - Doxycycline approved (status unknown)
12/12/19 - Adderall XR (never gained market share, ANDA now half owned by Mikah)
9/12/19 - Tylenol w codeine (discontinued)
12/10/18 - Adderall IR approved (fired by partner, ANDA now half-owned by Mikah)
11/20/18 - Norco approved (sold off for fraction of development cost)
8/6/18 - Methadone approved (sold off for fraction of development cost)
7/10/18 - Percocet approved (sold off for fraction of development cost)
2/2/18 - Phendimetrazine approved (discontinued, already owned ANDA for same drug)


When the batter is hitting .150 and then they get a squib infield hit off a scrub reliever in the late innings of a lopsided game, the cheering from the crowd is mostly sarcastic.

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