Replies to post #390433 on Elite Pharmaceuticals Inc (ELTP)

[Pharma Sleuth]

I think their short term need is more in the way of warehousing. Like where to put all the completed product. Plus with them doing their own sales and marketing, they arent just shipping product to the middlemen anymore.

[jour_trader]

Nasrat was aware of Burel deal at time of his statements. Will be interesting to see how Burel fares moving from auth generic to regular generic. I’d like to be pleasantly surprised.

One good geographic bonus is that in NJ there is a huge pharma presence. I’m optimistic that additional space won’t be too difficult to find.

[kayak_wench]

I think it is safe to say that the soonest a new facility would be needed is three years. But it seems to be me he was saying that it would be one of the items in the 'plus' category. His entire point was he wanted to start thinking about it well ahead of time. We are experiencing that 'well ahead of time', not 'near-term.

But there is a point where we will have to have another facility to support our manufacturing. And the time to plan for it is now.
It's an expensive project, but it's one of the most important projects that's on my mind. As an executive, you always have to think within a three-year time zone plus or minus, not only three-years in the future.