other material
confidence high
sentiment positive
materiality 0.65
Elite Pharmaceuticals ships first product from new FDA-approved expanded campus
ELITE PHARMACEUTICALS INC /NV/
- First lot of finished product shipped from new facility at 144 Ludlow Avenue, Northvale, NJ.
- New packaging line runs at ~120 bottles per minute, adding packaging, inventory and warehouse space.
- Expansion converts existing packaging space into additional manufacturing suites, boosting production capacity.
- Company says new facility positions it to meet projected packaging demand for at least the next five years.