Elite Pharmaceuticals Inc (ELTP)

[Hike]

From the Yahoo board. Have to sift through much doodoo but sometimes a good post can be found. I have not verified this but it sounds legit.

Isradipine was manufactured by the Actavis Totowa NJ division, which recalled all of their products in 2008 due to problems with their digoxin product.
http://healthcare.utah.edu/pharmacy/alerts/330.htm

The manufacturing at Totowa was never resumed, and Actavis has since been transferring the ANDAs from that plant to others including Epic and Mikah, which has obtained several including Isradipine, and has then transferred those to Elite. See the FDA Orange Book transfer lists for the transfers occurring between Actavis, Mikah, Epic and Elite during 2010-2011. There are still many products from the Actavis Totowa division that could be added to this transfer process. Per the CC (Actavis = "undisclosed large pharma"), additional products may be added to the new "large pharma"-Mikah-Elite manufacturing and marketing arrangement.

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_E/threadview?m=tm&bn=99215&tid=81469&mid=82222&tof=4&frt=2