Replies to post #214829 on Elite Pharmaceuticals Inc (ELTP)

[namtae]

Let me help you understand

One hundred and forty-six (42%) of all submissions received a CRL, of which 55% later obtained approval.

Of submissions receiving CRLs, ONLY 55% later obtained approval. Therefore, as I stated, the odds for Sequest just took a HUGE HIT.

Why? Because of those submissions with PRIORITY REVIEW, the approval rate is somewhere around 90%!! Sequest odds of approval just collapsed to 55%

Glad I could help

Enjoy the market today lol