Elite Pharmaceuticals Inc (ELTP): As you know, Elite did not get rid of La...

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Elite Pharmaceuticals Inc (ELTP)

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Re: The ELTP King post# 379295

Tuesday, 04/04/2023 10:22:04 AM

Tuesday, April 04, 2023 10:22:04 AM

As you know, Elite did not get rid of Lannett.

Lannett elected to prematurely end its distribution agreement with Elite when their own generic version was approved. That being said, Elite investors would rightfully be concerned of future payments from Lannett had the distribution contract not been terminated. I suspect that shipments to Lannett were terminated a month ago and Elite has been building up its own inventory for sale this quarter.

Karma is a bitch.

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