Replies to post #383664 on Elite Pharmaceuticals Inc (ELTP)

[rocky29]

I’m hoping the FDA/DEA will increase their API quotas. I also have concerns but I’m not an expert with the DEA/FDA games.

According to last Elite Call the CEO stated “But we cannot make a product if we don't have the API. To get the API, the DEA needs to allow us quota. The DEA is really controlling the quota now. The DEA is not developed here. They have a good point. They sent us analysis that they authorize, let's say I don't remember the numbers, let's say 5 billion units to go to the market and they only see 3 billion in the market. So where are the other 2 million? Are people holding on in it to drive the prices up or to wait till somebody can deliver and they have a failure to supply situation?”

Sounds like the CEO is aware and working this issue.

Only my opinion
Rocky