Elite Pharmaceuticals, Inc. (Elite) is a specialty pharmaceutical company principally engaged in the development and manufactures of oral, controlled-release products, using technology. Elite owns, licenses or contract manufactures eight products which are being sold commercially. These products are Phentermine 37.5 milligram tablets, Methadone 10 milligram tablets, Lodrane D Immediate Release capsules, Hydromorphone Hydrochloride 8 milligram tablets, Phendimetrazine tartrate 35 milligram tablets, Phentermine 15 milligram capsules, Phentermine 30 milligram capsules and Naltrexone HCl 50milligram tablets. The Company focuses on the development of various types of drug products, including branded drug products which require new drug applications. The Company offers both, branded and generic products in various therapeutic categories.