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Elite Pharmaceuticals, Inc. Message Board

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  • Hikeleader Hikeleader Mar 13, 2012 3:11 PM Flag

    Hydro is worth 30M in U.S. sales alone

    Don't get too excited.

    "For the twelve months ending September 2011, Dilaudid(R) 8 mg tablets and its generic equivalents had total U.S. sales of approximately $30 million according to IMS Health Data.
    and there are currently four other approved generic manufacturers plus the innovator.

    So with Elite there are six companies to split up the $30,000,000 market.
    Elite's partner, TAGI, would do well to see $2,000,000 in SALES, NOT PROFIT. Plus Elite only gets a piece of the sales in the form of a license fee + the milestone payments.

    This won't boost the PPS much. We need several more announcements and a good 10Q to get going.

 
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