Elite Pharmaceuticals Inc (ELTP)

[packerfanbud]

Keep in mind that this agreement was made 3 years ago, which was pretty much the low point of the company's history. Epic had the leverage to get the better end of the deal. At the time Elite had no products and their operating losses were huge (See included chart). They had also just fought off a hostile takeover from a hedgefund (Trellus). Elite needed help and Epic stepped in. The alliance created has strenghtened Elite to the point they now have 4 total products launched with more on the way. Epic and Elite are very intertwined, which means that Epic benefits from Elite's success and isn't simply using them as a share generator to sell on the open market.