Replies to post #380533 on Elite Pharmaceuticals Inc (ELTP)

[The ELTP King]

So to be clear, once Elite buys the 50% Adderall ownership from Mikah, Elite will have NOTHING to do with Mikah EVER again in ANY capacity.

Elite is COMPLETELY DONE with Mikah after the Adderall buyback.

[NASDAQ2020]

In June 2021, the Company entered into a development and license agreement with Mikah Pharma LLC, pursuant to which Mikah Pharma LLC will engage in the research, development, sales and licensing of generic pharmaceutical products. In addition, Mikah Pharma LLC will collaborate to develop and commercialize generic products including formulation development, analytical method development, manufacturing, sales and marketing of generic products. Initially two generic products were identified for the parties to develop."

Maybe this was a way to give Elite $238,000+