InvestorsHub Logo

NASDAQ2020

12/07/19 9:14 AM

#324705 RE: jour_trader #324704

Elite will get to $0.97 twice.

Second Time is a Charm !

ELTP

Gman24

12/07/19 10:30 AM

#324706 RE: jour_trader #324704

This is fair... IMO they are definitely understaffed and inexperienced in areas. But, with all the shortcomings. They are about to become a big player in the CNS Pharma business.

no2koolaid

12/07/19 3:24 PM

#324719 RE: jour_trader #324704

I am persistent when correct about what is happening with Elite...

As to this...

Elite struggles to understand ANDA and NDA requirements. I can’t think of any drug of theirs that was approved by the GDUFA or PDUFA date due to information missing for the FDA to review



As I know...

NORTHVALE, N.J., Feb. 08, 2018 (GLOBE NEWSWIRE) -- Elite Pharmaceuticals, Inc. ("Elite" or the "Company") (OTCBB:ELTP) a specialty pharmaceutical company developing abuse-deterrent opioids and niche generic products, today announced that it has filed an Abbreviated New Drug Application (ANDA) with the US Food and Drug Administration (FDA) for a generic version of an immediate release CNS stimulant. The ANDA represents the first filing for a product co-developed with SunGen Pharma, LLC ("SunGen") under the Development and License Agreement ("Agreement"). According to IMS Health data the branded product and its equivalents had total U.S. sales of more than $400 million for the twelve months ending September 30, 2017.



Counting the months…10…9…8…7…6…5…4…3…2…1…

NORTHVALE, N.J., Dec. 10, 2018 (GLOBE NEWSWIRE) -- Elite Pharmaceuticals, Inc. ("Elite" or the "Company") (OTCBB: ELTP) a specialty pharmaceutical company developing abuse-deterrent opioids and niche generic products, today announced that it received approval from the US Food and Drug Administration (FDA) for a generic version of Adderall®, an immediate-release mixed salt of a single entity Amphetamine product (Dextroamphetamine Saccharate, Amphetamine Aspartate, Dextroamphetamine Sulfate, Amphetamine Sulfate) with strengths of 5 mg, 7.5 mg, 10 mg, 12.5 mg, 15 mg, 20 mg, and 30 mg tablets. The product is a central nervous system stimulant and is indicated for the treatment of Attention Deficit Hyperactivity Disorder (ADHD) and Narcolepsy. According to QVIA (formerly QuintilesIMS Health) data the branded product and its equivalents had total U.S. sales of $365 million for the twelve months ending September 30, 2018.



That amounts to ten months and two days from Elite's filing to approval. I guess that puts to rest the BS that Elite is struggling to understand the FDA's process. Not sure about the past, but as to the future, Elite is generating revenues that will soon put to rest the question of profitability.