Elite Pharmaceuticals Inc (ELTP): Good post. A little more info... The...

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Re: Steges post# 7917

Wednesday, 07/06/2011 10:59:13 AM

Wednesday, July 06, 2011 10:59:13 AM

Good post.
A little more info...

They were forced to sell Isradipine to Cobalt Labs/Watson so that they would not have a monopoly. Cobalt is a canadian subsidiary of Watson which is in Parsippany, NJ.

see: http://www.watson.com/products/product-database-detail.asp?group=alpha&c=I

Since there is a competitor now there is nothing to stop Actavis from re-acquiring and selling Isradipine. Hence Elite.

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