Elite Pharmaceuticals
ELTPPrivate Company
Total funding raised: $15M
Overview
Elite Pharmaceuticals is a specialty pharmaceutical company with a dual-strategy mission: to generate revenue from a portfolio of niche, controlled-release generic drugs while advancing a proprietary pipeline of abuse-deterrent opioid products. The company leverages its in-house cGMP and DEA-registered manufacturing facility and its core competency in complex oral formulations to create products with higher technical barriers to entry. Its long-term strategy hinges on the successful development and regulatory approval of its ART™ platform, aiming to address the critical public health need for safer pain management therapies.
Technology Platform
Abuse-Resistant Technology (ART™), a pharmacological, bead-based platform designed to deter opioid abuse via crushing/snorting, dissolving/injection, and extraction. It features 'One Bead' and 'Two Bead' delivery systems.
Funding History
3Opportunities
Risk Factors
Competitive Landscape
In generics, Elite competes with large manufacturers and niche players, relying on formulation expertise. In abuse-deterrent opioids, it faces established products from Collegium, Hikma, and others. Its potential edge lies in its pharmacological ART™ platform and integrated manufacturing, but it is a late entrant in a challenging market.
Company Timeline
Founded in Northvale, United States
Initial Public Offering
PIPE: $5.0M
Debt: $10.0M