U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q/A

(Amendment
No. 1)



|x | QUARTERLY
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ---------------------------------------------------------------------------------------



|For the quarterly period ended | September 30, 2012
|------------------------------ | ------------------



or



| ̈ | TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934
|- | ---------------------------------------------------------------------------------------



For the transition period ended                                           to



|Commission File Number: 001-15697
|---------------------------------



|ELITE PHARMACEUTICALS, INC.                           
|------------------------------------------------------
|(Exact name of registrant as specified in its charter)



|Nevada                                                         |  | 22-3542636                          
|-------------------------------------------------------------- |  | ------------------------------------
|(State or other jurisdiction of incorporation or organization) |  | (I.R.S. Employer Identification No.)



|165 Ludlow Avenue, Northvale, New Jersey |  | 07647     
|---------------------------------------- |  | ----------
|(Address of principal executive offices) |  | (Zip Code)



|(201) 750-2646                                      
|----------------------------------------------------
|(Registrant's telephone number, including area code)



(Former name, former
address and former fiscal year, if changed since last report)



Indicate by check mark whether the registrant
(1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

YesxNo ̈



Indicate
by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405
of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post
such files).

YesxNo ̈



Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer and
large accelerated filer” in Rule 12b-2 of the Exchange Act. (Check one):



|Large Accelerated filer ̈ | Accelerated Filerx | Non-Accelerated Filer ̈ | Smaller Reporting Company ̈
|------------------------ | ------------------ | ---------------------- | --------------------------





Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Exchange Act).

Yes ̈Nox



Indicate the number of shares outstanding of
each of the issuer’s classes of common stock, as of the latest practicable date. As of November 8, 2012 the issuer had outstanding
350,337,260 shares of common stock, $0.001 par value (exclusive of 100,000 shares held in treasury).











EXPLANATORY NOTE



This Amendment No. 1 on Form 10-Q/A ("Amendment
No. 1") amends our Quarterly Report on Form 10-Q for the quarter ended September 30, 2012 that was filed with the Securities
and Exchange Commission, or SEC, on November 14, 2012 (the "Original Filing"). We are filing this Amendment No. 1 solely
for the purpose of attaching as Exhibit 10.6 an unredacted copy of the September 21, 2012 Letter Agreement between Elite Pharmaceuticals,
Inc. (the “Company”) and ThePharmaNetwork, LLC.



As required by Rule 12b-15 under the Securities
Exchange Act of 1934, as amended, Item 6 of Part II of the Original Filing has been amended to contain currently dated certifications
from our Chief Executive Officer and Chief Financial Officer. The currently dated certifications are attached hereto as Exhibits
31.1 and 31.2. Because no financial statements of Elite Pharmaceuticals, Inc. are contained in this Amendment No. 1, we are not
including certifications pursuant to 18 U.S.C. 1350.



No other changes, other than described above, are made to the Original
Filing other than to update the cover page of the Original Filing. Unless expressly stated, this Amendment No. 1 does not reflect
events occurring after the filing of the Original Filing, nor does it modify or update in any way the disclosures contained in
the Original Filing. Accordingly, this Amendment No. 1 should be read in conjunction with our Original Filing and our other filings
made with the SEC subsequent to the filing of the Original Filing.











ELITE PHARMACEUTICALS, INC. AND SUBSIDIARIES

INDEX





PART II – OTHER INFORMATION



|Item 6.    | Exhibits | 1
|---------- | -------- | -
|           |          |  
|SIGNATURES |          | 2











| | PART II. | OTHER INFORMATION
| | -------- | -----------------



| | Item 6. | Exhibits
| | ------- | --------



The exhibits listed in
the index below are filed as part of this report.



|Exhibit
Number |  | Description                                                                                         
|-------------- |  | ----------------------------------------------------------------------------------------------------
|               |  |                                                                                                     
|10.6           |  | Letter Agreement between the Company and ThePharmaNetwork LLC, dated September 21, 2012.*           
|               |  |                                                                                                     
|31.1           |  | Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
|               |  |                                                                                                     
|31.2           |  | Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*



* Filed herewith.



1







SIGNATURES



Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this Amendment No. 1 to be signed on its behalf by the undersigned
thereunto duly authorized.





|                  | ELITE PHARMACEUTICALS, INC.
|----------------- | ---------------------------
|                  |                            
|November 16, 2016 | By:                        
|                  |                            
|                  |                            
|November 16, 2016 | By:                        
|                  |                            





2