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0 -0.00678733031674194 -0.0271493212669682 -0.0474886877828053 -0.0452488687782804 -0.113122171945701 -0.152714932126697 -0.144796380090498
Stock impact report

Cumberland Pharmaceuticals jumps on $100M Apotex transaction [Yahoo! Finance]

Cumberland Pharmaceuticals Inc. (CPIX) 
Last cumberland pharmaceuticals inc. earnings: 3/18 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.shareholder.com/cpix/index.cfm
Company Research Source: Yahoo! Finance
Deal structure and terms Under the agreement, Apotex will purchase Cumberland's portfolio of branded pharmaceutical products for $100 million in cash. The transaction remains subject to approval by Cumberland's shareholders. Following completion, Cumberland will retain its development pipeline as well as its majority stake in Cumberland Emerging Technologies Inc., shifting its focus toward advancing its drug candidates. CEO highlights strategic shift “This transaction unlocks value for our shareholders and enables us to focus on the large market opportunities associated with our pipeline product candidates,” said A.J. Kazimi, Chief Executive Officer. Focus on pipeline development The Nashville-based company is advancing ifetroban, a thromboxane receptor antagonist, across several clinical programs targeting areas of unmet medical need. Cumberland recently reported positive Phase II results for ifetroban in patients with cardiomyopathy linked to Duchenne muscular dystrop Show less Read more
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