Elite Pharmaceuticals Inc (ELTP)

[Mophron]

I remember years ago Lanett Adderall launch quantities were recorded in the quarter before Lanett began sales, and they were substantial.
This situation with Prasco is similar except that elite will only be receiving the contract manufacturing fees from Prasco and not license fees or profit splits on the back end, and still they were paid on delivery even then.
I cannot imagine Elite would be willing to ship product to Prasco without being paid on delivery. That would be millions in interest free loans. Why would they need to wait until Prasco launches to get paid? This is contract manufacturing, not a profit split situation. They get paid for the product they deliver.
I think it is almost a sure thing that launch quantity revenue will be reported tomorrow.