Elite Pharmaceuticals, based in Northvale, New Jersey, develops and manufactures abuse-deterrent opioid products and employs 64 staff. Founded in 2014, it specializes in oral, controlled-release drug products and holds multiple generic licenses.
Douglas Plassche sold 200,000 shares of ELTP on 8 July at $0.58 per share, worth a total of $116K. They now own 2,300,000 ELTP shares, or a 8% holding decrease.
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