Replies to post #311718 on Elite Pharmaceuticals Inc (ELTP)

[Chasing]

yeah but they've proven they can sell 100 million dollars worth of a single product. That's pretty good and all that matters for Elite. Lannett's losses and market cap do not matter for Elite. si

we did launch 17 products in calendar year 2018 as forecasted. We are reaffirming that they will contribute approximately $75 million of net sales in fiscal 2019 at a gross margin of at least 35%. Because in the first half of fiscal 2019, those same products generated approximately $40 million of net sales with a gross margin of about 37%. Also, we previously said our plan is to continue that pace of launches for the foreseeable future. Our launch "parade" continues and includes approximately 10 planned launches in the next – in the first half of this calendar year and more launches thereafter.