Mississauga, ON -- (ReleaseWire) -- 01/15/2014 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “Elite Pharmaceuticals Initiates More Bioequivalency Studies.”
Companies mentioned in this article include Elite Pharmaceuticals, Inc. (OTCBB:ELTP).
After starting a serious bull run in 2012, biotech stocks had an incredible year in 2013 and are starting 2014 at full throttle as well. High-dollar acquisitions over the last couple years have raised the bar for the value of drugs in development, especially those targeting areas of great unmet medical need. The U.S. Food and Drug Administration enacting new policy, namely the breakthrough therapy designation, to expedite development of new drugs has further supported loftier valuations as companies can potentially shave tens of millions of development expenditures and reach commercialization more quickly.
There are countless biotechs that have seen enormous rises in valuations recently, including Elite Pharmaceuticals, Inc. (OTCBB:ELTP), a specialty pharma aiming to utilize the FDA 505(b)(2) pathway to rapidly bring its drugs to market. In short, a 505(b)(2) designation allows for accelerated development based upon the active ingredient of a new drug candidate being that of an already approved drug.
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