Replies to post #386965 on Elite Pharmaceuticals Inc (ELTP)

[namtae]

but doesnt this mean Elites addressable market is less than $5.1b?

IQVIA reported annual sales for the twelve months ending June 2023 of $5.1 billion for the brand and generic market for this product.

How much of the $5.1b market is brand?

Uh oh!!

[jour_trader]

That was IR before split from Lannett. Below 7% as disclosed during cc, but expected to go higher. Much lower for Adderall ER and doesn’t sound like DEA is going to budge much. They expect to 1.5/2X what Lannett did, but that is a small fraction of Adderall ER market.

[namtae]

Sure hope ELTP doesnt close below 9 today