Elite Pharmaceuticals Inc (ELTP): Both Oxycontin and Concerta are Schedule...

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Elite Pharmaceuticals Inc (ELTP)

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Re: Pharma Sleuth post# 386954

Friday, 09/01/2023 11:15:05 AM

Friday, September 01, 2023 11:15:05 AM

Both Oxycontin and Concerta are Schedule II drugs with a quota assigned by the DEA. Considering the recent success Kirkov and Nasrat have achieved with Adderall, it is reasonable to assume that the quota may start off at a modest 2-5% and then increase as the company shows it is a reliable manufacturer and distributor of the products.

If either of these 2 future needle movers are approved, a 1$ Nasdaq qualifying price is not out of the question.

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