Replies to post #340686 on Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

Look at the destruction in the generic pharma world. Now look at the tiny companies that were (trying) making opioids. Not so pretty.

Yeah, I'd say a tiny company like Elite is lucky to still be here with our flagship product having been shelved.

What the hell are you talking about? What destruction? What happened to which tiny companies? Generic opioids are still a mainstay of modern medical treatment, and nothing happened to the manufacturers who have been operating responsibly. And why was the flagship product shelved? Because Nasrat decided after spending $50 million on it that it wasn't worth submitting the final application. These were not unforeseeable acts from God. These were deliberate acts from Nasrat. If he saved us from anything, it was his own destructive decision-making.


It's like the captain of Costa Concordia, who said he deserved credit for running aground so close to shore. He said many passengers were saved because of what he did. Yeah, but...

[DSherman]

Good point but Elites reputation is unscathed in that market unlike the major competitors.
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