Loading...
Financial Performance: Elite Pharmaceuticals Inc (ELTP) reported a significant revenue increase to $40.2 million for the quarter, more than doubling from the previous year, although they faced a net loss of $5.4 million due to non-cash expenses.
Market Challenges and Future Plans: The company is navigating a competitive market with potential downward price pressures on margins, while also exploring mergers and acquisitions, and has plans for product development in India expected to enter clinical trials in 2026.
