Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

The CC from end of June noted that they filed a partial application in the spring to get the PDUFA date going in the spring.

That CC also explained they had previously filed.

So Elite has been telling us for months they had filed again and why....do you listen to CCs anymore?

First, no of course not, I have a day job. I've said this before. I do not find calls to be a reliable source of information. I read them eventually. I've also been clear that Elite's secrecy is usually more for the benefit of Nasrat Hakim individually than the company generally. When I see odd verbiage like today's PR then it causes me to think. That's called intellectual curiosity. Do you have that anymore? In 2017 they set a world record for number of mentions of OxyContin in one paragraph, and now they don't even refer to it as "extended release"? What about the increase in annual sales? Last we heard OxyContin is in the 5's, and suddenly today it's $720M? Sure, maybe, lots happening, but that's a decent jump for a drug that has been in a sharp decline for multiple years. It also happens to be pretty damn close to annual sales of Norco equivalents.

Second, what does today's PR have to do with a Spring PDUFA date or what they have been telling us for months? It's about an application in August that was accepted in September. What are you even talking about?

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