Elite Pharmaceuticals Inc (ELTP): Elite was profitable with only Lodrane,...

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Elite Pharmaceuticals Inc (ELTP)

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Re: richme post# 16921

Friday, 05/18/2012 11:18:50 AM

Friday, May 18, 2012 11:18:50 AM

Elite was profitable with only Lodrane, but it took time to get there. Lodrane was pulled, so they lost their main source of revenue. Now they have 4 drugs with more coming. Sales don't happen the second a drug is launched it takes time to build the revenue which is what is happening. The financials (last 10Q) proved that is occuring with only 2 drugs launched. Why wouldn't they continue to grow revenue with 4 drugs?

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