Current Report Filing (8-k)
December 02 2021 - 06:14AM
Edgar (US Regulatory)
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2021-12-02 iso4217:USD xbrli:shares iso4217:USD xbrli:shares
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
December 2, 2021
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 1.01
Entry Into A Material Definitive Agreement
On October
18, 2021 Elite Pharmaceuticals Inc. (“Elite”) , renewed its
License, Supply, and Distribution Agreement with Lannett Company,
Inc. (“Lannett”) to market two Elite generic products in the United
States. Lannett will continue to be the exclusive U.S. distributor
for the two generic products that Elite and Mikah Pharma co-own.
This First Renewal Term shall be from March 22, 2022 until March 5,
2024.
The first
product is a generic version of Adderall®, an
immediate-release mixed salt of a single entity Amphetamine product
(Dextroamphetamine Saccharate, Amphetamine
Aspartate, Dextroamphetamine Sulfate, Amphetamine Sulfate) with
strengths of 5 mg, 7.5 mg, 10 mg, 12.5 mg, 15 mg, 20 mg, and 30 mg
tablets. The second product is a generic version of
Adderall XR®,
an extended-release mixed salt of a single entity Amphetamine
product (Dextroamphetamine Saccharate, Amphetamine
Aspartate, Dextroamphetamine Sulfate, Amphetamine Sulfate) with
strengths of 5 mg, 10 mg, 15 mg, 20 mg, 25 mg, and 30 mg
tablets.
Under the
Agreement, Lannett will provide sales, marketing, and distribution
for the products, and Elite will manufacture the product. Lannett,
Elite, and Mikah will each receive a share of the
profits.
Item 9.01
Financial Statements and Exhibits.
(d)
Exhibits.
|
Exhibit
No. |
|
Description |
| 104 |
|
Cover Page Interactive
Data File (embedded within the Inline XBRL document). |
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:
December 2, 2021 |
ELITE
PHARMACEUTICALS, INC. |
|
|
By: |
/s/
Nasrat Hakim |
| |
|
Nasrat Hakim, President
and CEO |
Elite Pharmaceuticals (QB) (USOTC:ELTP)
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Elite Pharmaceuticals (QB) (USOTC:ELTP)
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