|By PR Newswire||
|February 10, 2014 07:00 AM EST||
NEW YORK, Feb. 10, 2014 /PRNewswire/ -- Elite Pharmaceuticals Inc. (OTCQB: ELTP) is a specialty pharmaceutical company that is principally engaged in the research, development, and the licensing of proprietary controlled-release drug delivery systems and products. Elite Pharmaceuticals was founded in 1984 and is headquartered in Northvale, New Jersey.
The company develops orally administered controlled-release products for various therapeutic conditions, including pain, allergy, and infection. In addition, Elite Pharmaceuticals has a portfolio of generic drug candidates under development and is developing abuse resistant opioid products, and once-daily opioid products. The company also engages in contract research and development on behalf of other pharmaceutical companies.
Recent studies have shown that the global pharmaceuticals market grew by 3.5% in 2011 to reach a total value of $782.1 Billion. This trend is expected to increase and by 2016 the global pharmaceuticals market is expected to have a total value of $971.1 Billion, which represents an increase of 24.2% over the value in 2011. The market is characterized by strong buyer power, and the ease of market entry is strongly affected by the level of legal and regulatory factors present in each jurisdiction and geographical region.
Elite Pharmaceuticals may be the next company to capture an increasing share of this expanding market. A free and comprehensive analyst research report on ELTP which includes Overview of Global Pharmaceuticals Industry, U.S Food and Drug Administration's (FDA) Approval process, Commercial portfolio, Pipeline Drugs, Value of the Company, Analyst Summary and Price Target can be found here: http://bit.ly/AnalystReportELTP copy and paste to browser may be required
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