Elite Pharmaceuticals Inc (ELTP): ELTP is financially on the right path....

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Elite Pharmaceuticals Inc (ELTP)

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Sunday, 02/19/2012 11:45:17 PM

Sunday, February 19, 2012 11:45:17 PM

ELTP is financially on the right path. They weathered the loss of lodrane by continuing to add products. Treppel has done a great job of reducing the operating loss significantly. Each year getting closer to a profit. Depending on milestone payments that may be triggered in the next month it is possible fiscal year 2012 will be profitable (you can already add in $486,801 from NJEDA). 2013 will be for sure.

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