Replies to post #267238 on Elite Pharmaceuticals Inc (ELTP)

[CMDawg]

Not sure if we see any share price rise today. Still a positive.

[lasers]

"Under the terms of Amendments to the parties' 2016 Development and License Agreement (the "Agreement"), Elite and SunGen will share the responsibilities and costs of development. Three products will be owned jointly by Elite and SunGen; three shall be owned by SunGen while Elite shall have the marketing rights once the products are approved by the FDA; and two shall be owned by Elite while SunGen shall have the marketing rights once the products are approved by the FDA. Elite will manufacture and package all eight products on a cost plus basis.

The product classes for the additional four products include antidepressants, antibiotics, and antispasmodics. The additional four products and their generic equivalents had total U.S. sales of more than $1.4 billion in 2016 according to IMS Health Data. The original four products and their generic equivalents had total U.S. sales of more than $3 billion in 2016 according to IMS Health Data."


http://ir.elitepharma.com/profiles/investor/ResLibraryView.asp?ResLibraryID=83792&BzID=2258&g=939&Nav=0&LangID=1&s=0

[dr_lowenstein]

LOL yet another deal with a paper company, announced to try to pump the stock

[Don'tDrinkTheKoolAid]

WOW how many more yearYEARs and how many BILLIONS in dilution will it take to get one approved? SO they are in the development stage. WOOHOO.

I am going to develop and market and distribute ice cream that doesn't melt
doesn't need refrigeration and still remains frozen.

[IB_]

I love how Nasrat throws those Billion dollar figures out there and it does nothing for the share price because its just more BS !!!!!!!!!!!!

Elite is all about Promises with no results ...................

Investors are not buying into this OTC Stock any longer !!!!!!

Elite and Nasrat has disappointed the market too many times ...........

IB_

[Jimmy Joe]

So this SunGen Pharma seems to be making quite a few agreements with Elite
lately. Lucrative agreements at that.

Do not care that this is not a "Big Pharma". Dr Huang like Nasrat with Elite going for generics of a different nature.

Oh... to all of those who said generics were a thing of the past and will not make much money..... how much does promethazine HCL injection go for these days? Anyone? Promethazine injection is on the FDA shortage list.

Lots of different generics still make lots of money.

[John_Langston]

At 8 am today Elite Announces Co-Development of Four Additional Products with SunGen Pharma and there is still almost no volume.