Wednesday, December 11, 2024 7:30:09 AM
This is exactly correct HGilS. Let me explain why I am potentially very excited about this launch. The interesting fact that Elite even had API prior to approval should be a big tip off. Then the API manufacture had to answer questions about their DMF. This all points to Elite qualifying a new API supplier to a severally constrained API market. As JamesF1 stated prior the only other generic that seems to be in stock steadily is Sun Pharma and this makes sense as they own Chattem Chemical, who has the API approved and I am guessing they are using their own source. All the others and this is my opinion are using the same API source as the brand and who do you think has priority in that arrangement regardless of quota. Now fast forward to the current DEA quota process. If a company does not use their quota, I think this is quarterly, they have to give it back to the pool. Now if Elite has an API supplier that does not have supply issues and quota is being given back, who do you think gets the quota, Elite! This whole scenario plays into my belief that Elite will get 10-20% of the market quickly and to be honest that is all we need, 1 year of those sales. With that massive amount of cash, Nasrat implements a 20-30% share buyback, using the $300-400M extra profits, pushing us into Nasdaq price range, we uplist and the company gets bought out. This is my strong belief of what we are about to see play out in 2025. He may also be holding off announcing the new product BE and filings until next year for added fuel to catch everyone off guard. Keep in mind he does not have to announce anything pertaining to the new drugs. Anyway, just fun to speculate at this point. Also, someone asked me a question with regards to international DEA quota for the Dexcel launch, I am still researching that as I've never experienced a launch in Israel and how it pertains to controlled drugs. Cheers and happy holidays everyone!
Recent ELTP News
- Form 8-K - Current report • Edgar (US Regulatory) • 04/02/2026 12:05:23 PM
- Elite Pharmaceuticals Announces Commercial Launch of Methadone Hydrochloride Tablets • Newsfile • 04/02/2026 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/17/2026 10:10:32 PM
- Elite Pharmaceuticals, Inc. Reports Financial Results for the Third Quarter of Fiscal Year 2026 (three months ended December 31, 2025) and Provides Conference Call Information • Newsfile • 02/17/2026 09:19:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/17/2026 09:06:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/11/2026 09:35:26 PM
- Elite Pharmaceuticals, Inc. to Host Conference Call to Provide Corporate Update and Discuss Third Quarter 2026 Financial Results on February 18, 2026 • Newsfile • 02/11/2026 09:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/13/2026 09:35:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/14/2025 10:10:23 PM
- Elite Pharmaceuticals, Inc. Reports Financial Results for the Second Quarter of Fiscal Year 2026 Ended September 30, 2025 and Provides Conference Call Information • Newsfile • 11/14/2025 09:19:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/14/2025 09:11:38 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 11/12/2025 10:19:32 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/12/2025 12:15:37 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/10/2025 12:15:46 PM
- Elite Pharmaceuticals, Inc. to Host Conference Call to Provide Corporate Update and Discuss Second Quarter 2026 Financial Results on November 17, 2025 • Newsfile • 11/10/2025 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/26/2025 09:17:39 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/22/2025 01:39:01 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2025 08:37:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2025 08:35:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/25/2025 10:05:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/10/2025 08:17:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/08/2025 08:15:11 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/08/2025 02:58:10 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/30/2025 08:27:51 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 06/30/2025 08:05:59 PM
