Elite Pharmaceuticals Inc (ELTP): I have never bought into the reverse mer...

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Elite Pharmaceuticals Inc (ELTP)

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Re: None

Tuesday, 02/12/2013 12:01:30 AM

Tuesday, February 12, 2013 12:01:30 AM

I have never bought into the reverse merger scenario that was so popular for a while on this and other ELTP boards, but thought it interesting that for another company, Astex Pharmaceuticals, a merger in the last few years was completed and the new entity has blossomed to a 300M+ market cap company with only one product on the market. They have a modest pipeline in comparison to Elite's and have partnered with Janssen and Novartis on a few of their upcoming products.

Obviously, I have no idea what the future will actually bring for Elite, but it does not seem outside the realm of extreme possibility that they could become a 300M market cap company in the reasonably near term with the right strategic alliances and partnerships to bring their technology and products to market.

http://astx.com/pipeline/products/

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