Elite Pharmaceuticals Inc (ELTP)

[jour_trader]

Just because Elite claims success it doesn’t translate to an FDA approval. We have found that out many times already.

Although you bring up a good point. We have invested in and pursued several products that we are bailing on. SequestOx was the biggest sunk cost by far wasting millions on keeping Elite afloat as a one product company. Codeine w/ APAP was never pursued (and hasn’t been sold for years after trying) and now Vigabatrin being recently sold off. My hope is that the talent we now have can help better decide which products will be marketed well before the investment.