Elite Pharmaceuticals Inc (ELTP)

[Hike]

See the below from the recent CC.
Last I remembered we had settled a lawsuit with TPN, they gave us $500,000 and we retained rights to manufacture Methadone. Now we have a contract manufacturing agreement with them. Talk about no hard feelings.....


Regarding the contract manufacturing, we expect, very soon, to begin contract manufacturing and packaging of the Pharma
Network's Methadone product. This is one of the short-term items that we can begin shortly in order to begin to reduce our
burn rate. Elite's also working on the transfer of 2 generic products for Mikah Pharma, products that would be distributed by
Activist.