Let's remember that Nasrat is very shrewd. Negotiations are a two way street. He was very complimentary of Puracap on more than one occasion today which tells me he could be the one who is keeping the conversation open for a few more weeks past mid July. Maybe he can get a better deal with Puracap than he had with Epic to include some type of distribution in China.
Nasrat is in active negotiations with Puracap who controls 68% of the narcotic market in China. How great is that?
Since PuraCap paid the $2.5 mil milestone, it now becomes clearer that they will pay the $7.5 milestone when the FDA announces SequestOx approval. PuraCap obviously acquired Epic to become part of the USA SequestOx program. By doing so PuraCap becomes the sales, marketing and distribution team for $ELTP's SequestOx replacing Epic. This was excellent information to learn today.
With PuraCap controlling 68% of the opioid sector in China. it is more obvious now that they intend to take $ELTP ADFs in a global partnership. $ELTP spoke very highly today of PuraCap Pharma capabilities. This is an extremely bullish potential situation for $ELTP in the +$50 Billion Global opioid sector.
News 
Market Data 
Discover 
