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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(D)
OF
THE SECURITIES EXCHANGE ACT OF 1934
September
25, 2023
Date
of Report (Date of earliest event reported)
ELITE
PHARMACEUTICALS, INC.
(Exact
name of registrant as specified in its charter)
Nevada |
|
001-15697 |
|
22-3542636 |
(State
or other jurisdiction |
|
(Commission |
|
(IRS
Employer |
of
incorporation) |
|
File
Number) |
|
Identification
No.) |
165
Ludlow Avenue, Northvale, New Jersey 07647
(Address
of principal executive offices)
(201)
750-2646
(Registrant’s
telephone number, including area code)
(Former
name or former address, if changed since last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ |
Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate
by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common Stock, par value
$0.001 per share |
|
ELTP |
|
OTCQB |
Item
7.01 Regulation FD Disclosure.
On
September 25, 2023, in a press release, Elite Pharmaceuticals, Inc., or Elite, reported that it has filed an Abbreviated New Drug Application
with the US Food and Drug Administration for a generic version of an undisclosed generic drug product in a class of medications called
opiate analgesics.
A
copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information set forth in this Item 7.01
and contained in the press release furnished as Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, or the Exchange Act, and is not incorporated by reference into any of Elite’s filings
under the Securities Act of 1933, as amended, or the Securities Act, or the Exchange Act, whether made before or after the date hereof,
except as shall be expressly set forth by specific reference in any such filing.
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Dated: September 25, 2023 |
ELITE PHARMACEUTICALS, INC. |
|
By: |
/s/
Nasrat Hakim |
|
|
Nasrat Hakim, President and CEO |
Exhibit
99.1
![](https://www.sec.gov/Archives/edgar/data/1053369/000149315223033590/ex99-1_001.jpg)
Elite
Pharmaceuticals Files ANDA with US FDA to Market Opiate Analgesic Product
NORTHVALE,
N.J. – September 25, 2023 – Elite Pharmaceuticals, Inc. (“Elite” or the “Company”) (OTCBB: ELTP),
a specialty pharmaceutical company engaged in the development, manufacture, and distribution of niche generic products, today announced
that it filed an Abbreviated New Drug Application (ANDA) on August 17, 2023, and was accepted for review by the US Food and Drug Administration
(FDA) on September 19, 2023 for an undisclosed generic drug product in a class of medications called opiate analgesics.
IQVIA
reported annual sales for the twelve months ending June 2023 of $720 million for the brand and generic market for this product.
About
Elite Pharmaceuticals, Inc.
Elite
Pharmaceuticals, Inc. is a specialty pharmaceutical company that develops, manufactures, and distributes niche generic products. Elite’s
product lines consist of immediate-release and controlled-release, solid oral dose products, which are marketed under the Elite Laboratories
label, as well as pursuant to licenses granted to third-party pharmaceutical marketing and distribution organizations. Elite operates
a cGMP and DEA registered facility for research, development, and manufacturing located in Northvale, NJ. For more information, visit
www.elitepharma.com.
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act
of 1995, including, without limitation, those related to the effects, if any, on future results, performance or other expectations that
may have some correlation to the subject matter of this press release. Readers are cautioned that such forward-looking statements involve,
without limitation, risks, uncertainties, and other factors not under the control of Elite, which may cause actual results, performance
or achievements of Elite to be materially different from the results, performance or other expectations that may be implied by these
forward-looking statements. These forward-looking statements may include statements regarding the expected timing of approval, if at
all, of products by the FDA and the actions the FDA may require of Elite in order to obtain such approvals. These forward-looking statements
are not guarantees of future action or performance. These risks and other factors are discussed, without limitation, in Elite’s
filings with the Securities and Exchange Commission, including its reports on forms 10-K, 10-Q, and 8-K. Elite is under no obligation
to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Elite
Pharmaceuticals, Inc.
Dianne
Will, Investor Relations
518-398-6222
Dianne@elitepharma.com
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Elite Pharmaceuticals (QB) (USOTC:ELTP)
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