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Elite Pharmaceuticals, Inc. (ELTP)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.193-0.01 (-3.17%)
At close: 3:58PM EDT
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Elite Pharmaceuticals, Inc.

165 Ludlow Avenue
Northvale, NJ 07647
United States

IndustryDrug Manufacturers - Other
Full Time Employees46

Key Executives

Mr. Nasrat HakimChairman, Pres & Chief Exec. Officer1.02MN/A56
Mr. Carter J. Ward CPA, CSCPChief Financial Officer, Chief Accounting Officer, Treasurer & Sec.192.82kN/A53
Mr. Douglas PlasscheExec. VP of Operations335.62kN/A53
Dr. George Kenneth Smith J.D., M.B.A., Ph.D.VP of Legal412kN/AN/A
Ms. Dianne WillVP of Investor Relations & Corp. AffairsN/AN/AN/A
Amounts are as of December 31, 2017 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.


Elite Pharmaceuticals, Inc., a specialty pharmaceutical company, engages in the research, development, manufacture, and licensing of proprietary orally administered controlled-release drug delivery systems and products. The company operates in two segments, ANDA’s for Generic Products and NDA’s for Branded Products. It owns, licenses, and contract manufactures various generic and oral dose pharmaceuticals products, such as Phentermine HCl 15mg, 30mg, and 37.5mg tablets and capsules for the treatment of bariatrics under Adipex-P brand name; Lodrane D immediate release capsules for OTC allergy treatment; Methadone HCl 10mg tablets for pains under the Dolophine brand name; and Hydromorphone HCl 8mg tablets for pains under the Dilaudid brand name. The company also provides Phendimetrazine Tartrate 35mg tablets for bariatrics under the Bontril name; Naltrexone HCl 50mg tablets for the treatment of pains under the Revia name; Isradipine 2.5mg and 5mg capsules for cardiovascular diseases; Hydroxyzine HCl 10mg, 25mg, and 50mg tablets for antihistamine treatment under Atarax and Vistaril brand names; and Oxycodone HCl immediate release 5mg, 10mg, 15mg, 20mg, and 30mg tablets for pains under Roxycodone brand name. In addition, it manufactures controlled-release products on a contract basis for third parties in the areas of pain, allergy, bariatric, and infection. Further, the company has a sales and distribution licensing agreement with Epic Pharma LLC; manufacturing and license agreement with Epic Pharma LLC; manufacturing and supply agreement with ThePharmaNetwork LLC; marketing and distributing agreement with Precision Dose Inc.; and development agreement with Akorn Pharmaceuticals. Elite Pharmaceuticals, Inc. was founded in 1984 and is headquartered in Northvale, New Jersey.

Corporate Governance

Elite Pharmaceuticals, Inc.’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.