ELTP Douglas Plassche sells $499K worth of shares
Oct 04, 2025, 4:36 AM
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What does ELTP do
Elite Pharmaceuticals, based in Northvale, New Jersey, develops and manufactures abuse-deterrent opioid products and employs 64 staff. Founded in 2014, it specializes in oral, controlled-release drug products and holds multiple generic licenses.
Douglas Plassche sold 800,000 shares of ELTP on 2 October at $0.62 per share, worth a total of $499K. They now own 3,500,000 ELTP shares, or a 19% holding decrease.
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