Replies to post #220081 on Elite Pharmaceuticals Inc (ELTP)

[jour_trader]

Q4 2015 conference call, Nasrat stated in referencing Elite's tech:

"And what you do is measure it to what’s out there. Alpharma had the same exact technology we did, as a matter of fact, my former boss at Alpharma was in constant contract with Elite. In case, if Alpharma’s technology fails, he would have partnered with Elite. And that company was sold to King which were divested to Pfizer with one product for $1.2 billion, with one product in this technology. And now Pfizer is carrying on that technology and introducing products within that technology."

Nasrat himself stated - "same exact technology". Are we still trying to refute what the CEO has stated?

http://seekingalpha.com/article/3263515-elite-pharmaceuticals-eltp-ceo-nasrat-hakim-on-q4-2015-results-earnings-call-transcript?part=single