Elite Pharmaceuticals Inc (ELTP)

[packerfanbud]

I really like this part:

Mr. Treppel stated that, "The intent of this loan is to enable the company to accelerate the development and commercialization of its own products, particularly in light of the recent issuance of a patent regarding our abuse-resistant technology. We have already begun hiring new personnel and bringing new equipment on-line to pursue these goals."

This directly shows that the patent approval has created some action inside Elite toward creating their own products. This has been on the back burner for years. I'm very happy to see they have acknowledged they are actively working on this.