Replies to post #275464 on Elite Pharmaceuticals Inc (ELTP)

[Gman24]

Nice article thanks for posting...

I especially like this part where Commissioner Scott Gottlieb identifies that big Pharma is using his FDA rules to block competitors....

“The FDA said it was taking steps to prevent pharmaceutical companies from “gaming” the system to block or delay entry of generic rivals. Scott Gottlieb, the agency's commissioner, held a public meeting on July 18 to identify ways pharmaceutical companies are using FDA rules to place obstacles in the way of generic competition.

While the FDA does not include price considerations when deciding whether to approve a new drug, Gottlieb said the agency can facilitate increased competition by approving lower-cost generics.”