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Will supply methadone to Ascend
June 29, 2011
By: Gil Roth
Elite Pharmaceuticals has entered into a commercial manufacturing and supply agreement with ThePharmaNetwork and its wholly owned subsidiary, Ascend Laboratories. Elite will perform manufacturing and packaging for TPN’s Methadone Hydrochloride, 10 mg tablets. Terms were not disclosed. Jerry Treppel, Elite’s chairman and chief executive officer, commented, “We are pleased to assist TPN with the launch and commercialization of their methadone product and in light of the recent action by the FDA with the Lodrane family of products, this agreement will help Elite buffer the impact by providing a new revenue stream.”
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