Elite will need a partner such as Actavis to proceed because they will need their marketing and sales capabilities, legal and lobbying protection and possibly manufacturing assistance.
Nasrat Hakim and Carter Ward comments at the CC are very clear on Partnership as well as increasing Authorized Shares. Best for all to listen again as well as read transcript.
As for Partnership. Definitely a possibility and definitely Actavis is on that list. However it is NOT 100% certain that there will be a partnership and if there is a partnership it is NOT 100% certain that it would be with Actavis.
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