Opnext, Inc. (NASDAQ:OPXT) reached up 30.18% in morning trading to $2.5905 with 1M shares traded. Opnext is the optical technology partner of choice supplying systems providers and OEMs worldwide with one of the industry's largest portfolios of 10G and higher next generation optical products and solutions. The Company's industry expertise, future-focused thinking and commitment to research and development combine in bringing to market the most advanced technology to the communications, defense, security and biomedical industries. Formed out of Hitachi, Opnext has built on more than 30 years experience in advanced technology to establish its broad portfolio of solutions and solid reputation for excellence in service and delivering value to its customers. Opnext, Inc. (NASDAQ:OPXT - News) announced unaudited financial results for its third fiscal quarter ended December 31, 2010.
Elite Pharmaceuticals, Inc. (OTCBB: ELTP) reached up 28.89% in morning trading to $.058 with 6M shares traded. Elite Pharmaceuticals, Inc. is a specialty pharmaceutical company that develops and manufactures oral, controlled-release products using proprietary technology. Elite's strategy includes the development of life cycle management products to lengthen the franchise life of drug products facing patent expiration, the development of controlled-release formulations of existing products to improve their clinical profile, and the development of generic versions of controlled-release brand drug products with high barriers to entry. Elite developed and manufactures for its partner, ECR Pharmaceuticals, Lodrane 24(R) and Lodrane 24D(R), a non-sedating antihistamine for the treatment of allergy symptoms. The company recently purchased, and expects to soon launch three approved generic products. In addition, Elite has a pipeline of additional generic and branded drug candidates under active development. Two of the branded products under active development are ELI-216, an abuse resistant oxycodone product, and ELI-154, a once-a-day oxycodone product. Elite conducts research, development and manufacturing in its facility in Northvale, New Jersey. Elite Pharmaceuticals, Inc. ("Elite" or the "Company") (OTCBB:ELTP) announced today the approval of an Abbreviated New Drug Application (ANDA) for phentermine HCl 37.5 mg tablets by the U.S. Food and Drug Administration (FDA). The phentermine HCl tablets are the generic equivalent of the Adipex-P(R) 37.5 mg tablets. The product and its equivalents had annual sales of approximately $40 million in 2010 and there are currently six other approved generic manufacturers plus the innovator. On September 16, 2010, Elite had previously announced the acquisition of the ANDA for this generic product from Epic Pharma LLC ("Epic"). The ANDA approval was granted under Epic Pharma's name and transfer of the ANDA into Elite's name will begin immediately.
Everybody's Phone Company (PINK: EVPH) reached up 58.78% in morning trading to $.0389 with 16M shares traded. Everybody's Phone Company acquires heavily discounted telephone service from the incumbent local exchange carriers, such as AT&T and Verizon, and resells the service at premium rates on a prepaid basis yielding above average profit margins and mitigating bad debt. Everybody's Phone Company has obtained regulatory approval to sell and provide local telephone service in the State of Texas [Service Provider Certificate of Operating Authority (SPCOA) No. 60785]. Once EVPH achieves critical mass in Texas, the Company plans to expand its prepaid telecommunications product offerings nationwide. Everybody's Phone Company (Pinksheets:EVPH - News) is proud to announce that they are furthering research into bundling multiple types of pre-paid services by exploring the advantages of pre-paid energy companies. Texas was one of the first deregulation states for opening the prepaid electricity market. Currently, First Choice Power has 1.3 million meters installed with over 6 million anticipated for installation by 2014. Public Service Enterprise Group reported over $3.2 million in revenues for their prepaid electric and gas services in New Jersey, a state with a much smaller population than Texas. Currently, pre-paid energy services are expanding by 60% or more across the globe with implementation in over 40 countries and over 10 million prepaid meters in operation worldwide with 3.9 million meters in full operation in North America.
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