Elite Pharmaceuticals Inc (ELTP)

[Pharma Sleuth]

Ahh..."Tiny"...

Tiny is relative. To Pfizer, $60m market is tiny. Their market cap is $260b

Elites Market cap is around $150m

That 1/3 roughly of their market cap. Can they get 6 million out of it and $2m in earnings? At a 10 PE, that is worth 15% of their market cap.

If Pfizer had a drug approval worth $52b and they have a 20 PE..or take away a decimal and it's still wouldn't be considered or called tiny.

Anyway that's not the point. Imagine having an idea about a good product. And you test it at home. Then you test it in a manufacturing facility and make sure it's safe. And it's worth hundreds of millions of dollars or billions which is the main focus now

They just proved they can do that.