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Elite Pharmaceuticals Inc /Nv/ reported raising $800,000 in an initial SEC Form D filing, from an offering of $41.6 Million

PUBLIC · ELTPMay 10, 2017$800K of $41.6M raised

Amount Raised

$800,000

$800,000 sold, per SEC Form D (first sale May 10, 2017)

Round Type

Seed

NorthvaleManufacturingBiotechnologyHealthcarePharmaceutical

Quick answer

Elite Pharmaceuticals raised $800,000 in a Seed round, dated May 10, 2017. Elite Pharmaceuticals is based in Northvale, New Jersey, United States.

How much did Elite Pharmaceuticals raise?
Elite Pharmaceuticals raised $800,000 in a Seed round on May 10, 2017.
What does Elite Pharmaceuticals do?
Elite Pharmaceuticals, Inc. develops oral sustained and controlled release products.
Where is Elite Pharmaceuticals based and how big is it?
Elite Pharmaceuticals is based in Northvale, New Jersey, United States. Fundz records about 11 employees.
Who are the decision-makers at Elite Pharmaceuticals?
Fundz holds 1 contact at Elite Pharmaceuticals. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Healthcare and Pharmaceutical around the same time

Companies in the same sectors as Elite Pharmaceuticals that raised within 45 days of this round, from Fundz verified event records.

  • CoreRx raised $5M on April 11, 2017.
  • Fennec Pharmaceuticals raised $7.6M on June 8, 2017.
  • Monteris Medical raised $27M on June 1, 2017.
  • NutriBand Inc. raised $175K (Pre-Seed) on May 26, 2017.
  • Treace raised $5.9M on May 10, 2017.
  • Route 92 Medical raised $5.9M on May 2, 2017.

Who to call at Elite Pharmaceuticals, and when

A new round usually means Elite Pharmaceuticals is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Elite Pharmaceuticals

Location

Northvale, New Jersey, United States

About

Elite Pharmaceuticals, Inc. develops oral sustained and controlled release products. Elite's strategy includes assisting partner companies in the life cycle management of products, to improve off-patent drug products, and developing generic versions of controlled release drug products with high barriers to entry. Elite has four ANDA products partnered with TAGI Pharma; one ANDA has launched, two ANDAs are in the process of a manufacturing site transfer and an additional ANDA is currently under review by the FDA. Elite also manufactures Lodrane D® and receives royalties for Lodrane D®, an allergy product partnered with ECR Pharmaceuticals (“ECR”), a wholly owned subsidiary of Hi-Tech Pharmacal (“Hi-Tech”). Elite’s lead pipeline products, ELI-216, a once-daily abuse resistant oxycodone, and ELI-154, a once-daily oxycodone, are novel sustained release oral formulations of opioids for the treatment of chronic pain, which address two of the limitations of existing oral opioids: the provision of consistent relief of baseline pain levels and deterrence of potential abuse. Elite also has partnered with Mikah Pharma to develop a new product and with Hi-Tech Pharmacal to develop an intermediate for a generic product. Elite operates a GMP and DEA registered facility for research, development, and manufacturing located in Northvale, NJ.

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Related People

1 contact
Verified contacts13 people are listed at Elite Pharmaceuticals. We don't have their email yet.See plans and pricing
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Elite Pharmaceuticals raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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