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  September 5, 2001
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Home > Company Index > Drugs > Drug Manufacturers - Other > Elite Pharmaceuticals, Inc.

Elite Pharmaceuticals, Inc.
Nasdaq: ELI
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 PROFILE
Elite Pharmaceuticals isn't above peddling generics. Subsidiary Elite Laboratories develops generic versions of existing controlled-release drugs whose patents are about to expire. Its products are in various stages of testing and include angina and hypertension therapies, a nonsteroidal analgesic, and a drug that lowers blood glucose by increasing insulin production in the pancreas. The firm has teamed with Elan to develop generic versions of treatments for cardiovascular conditions, diabetes, arthritis, and other diseases; partner Inabata & Co. will market the company's products in Japan. Elite Laboratories also provides contract R&D services for other drugmakers. CEO Atul Mehta owns about 30% of the company.

 COMPETITION
ALZA Corporation (dossier)
Andrx Corporation (ADRX)
Elan Corporation, plc (ELN)

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 FINANCIAL OVERVIEW
Fiscal Year-End: March
2001 Sales (mil.): 0.10
1-Yr. Sales Growth: 0.0%
Employees: 12
Revenue per employee: $8,333.33

 KEY PEOPLE
• Atul M. Mehta
    CEO
• Marc I. Gittelman
    CFO

 CONTACT INFO
165 Ludlow Ave.
Northvale, NJ 07647
US
Phone: 201-750-2646
Fax: 201-750-2755
Online: Web Site

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