Couch, what is the best way for me to share this article, l am new to the board but believe strongly in Elite and want to share this to family and friends. Reading this article and yours and others dd posts, it is a no brainer. Thank you
Excellent read that goes into depth about the company and its potential with the Abuse Resistant Technology (ART).
The company is also making strides towards revenue break even cash flow positive which will also be a huge event. First time EVER in the companies history. Should happen this quarter or the next. Contributions from manufactured products at the facility will go a long way toward helping to pay the bills. More drugs to come to production in their pipeline too. Both phentermine capsule doses should keep everyone pretty busy for the time being. If those of you are wondering why the hold up with Naltrexone one only has to think back to the "delay" with phentermine capsules. Limited staff more than a handful of products expanding studies (stability) along with quality control testing USP guidelines FDA approved for each lot produced. This equals a whole lot of work involved. Many of the current staff may just about be living at the facility.
The latest $10 million financing from Lincoln Park should be all they need to get the Phase III trials rolling along for their ART product(s). Jerry said that they are further along than people think. When Elite can bring an ART product(s) to fruition that is when shareholders are likely to see the shareprice begin to rise and Wall Street begin to take this company seriously.
the company was on the brink of bankruptcy. But new management, rapidly adding drugs and partnerships and revenue streams has them to almost breakeven from operations. With 7 drugs on the market, 3 launched in the past four months one more due to launch soon and increased demand on the current products, Elite is growing rapidly.