Replies to post #157533 on Elite Pharmaceuticals Inc (ELTP)

[lasers]

Nasrat Hakim made it very clear "You do not sell a $1 billion technology for one product’s price."

Nasrat Hakim
Okay, I appreciate your point of view, I don’t see the question but I appreciate your point of view. I appreciate what you’re saying, but the fact is, every single big company tried to double up the entire technology for next to nothing. I will give you two examples, the very first company that came to [indiscernible] offer and the one before Epic, and both of them may have had a little bit higher number in the down payments but all of them wanted the right for the first refusal, they wanted to right to own the technology or sharing the pattern, they wanted the right to diverse it internationally and that’s not acceptable. You do not sell a $1 billion technology for one product’s price.
Epic was honorable enough and great enough to look for a win-win and they actually ask us to write the contract. So, the work with Epic is outstanding, I am very happy with them.

After ELI-200 is launched, $ELTP goes 100% alone on all their other ELIs or at least negotiated with others if needed to go internationally. Domestically $ELTP goes alone with their ELIs as costs would be very minor. They could, if best, negotiate minor deals for sales and marketing as do other Pharmas.