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Tuesday, Jan 29
Cumberland Pharmaceuticals (CPIX +3.4%) gains today after it enters into an exclusive agreement...
Cumberland Pharmaceuticals (CPIX +3.4%) gains today after it enters into an exclusive agreement with Indonesia's SOHO Industri Pharmasi for the Indonesian marketing of its of Caldolor Injection, which is used to treat pain and fever in hospitals. The deal gives SOHO an exclusive license, leaving it responsible for regulatory approval, reporting, product marketing, distribution and sales once approved. In exchange, CPIX will receive upfront and milestone payments, as well as transfer prices on future drug sales.