other material
confidence high
sentiment positive
materiality 0.55
Elite Pharmaceuticals launches generic Tylenol with Codeine tablets across three strengths
ELITE PHARMACEUTICALS INC /NV/
- Launched generic acetaminophen/codeine phosphate tablets in 300mg/15mg, 300mg/30mg, 300mg/60mg.
- Product marketed under Elite Laboratories label for mild to moderate pain management.
- US market for these tablets approximated $47M for 12 months ended May 2024 (IQVIA).
- Launch expands Elite's niche generic portfolio; company operates cGMP/DEA facility in Northvale, NJ.