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Cumberland Pharmaceuticals Partners in Canada With Alveda Pharmaceuticals to Commercialize Caldolor(R)
Date:4/28/2010

NASHVILLE, Tenn., April 28 /PRNewswire-FirstCall/ -- Cumberland Pharmaceuticals Inc. ( CPIX) today announced it has entered into an exclusive agreement with Alveda Pharmaceuticals Inc. (Alveda Pharma), a Toronto-based specialty pharmaceutical company, for the commercialization of Caldolor® (ibuprofen) Injection in Canada. Designed to treat pain and fever in the hospital setting, Caldolor was approved by the U.S. Food and Drug Administration (FDA) and launched by Cumberland in the United States in 2009.

The agreement is Cumberland's third for the international commercialization of Caldolor. In 2009, the company partnered with Phebra Pty Ltd. for the commercialization of Caldolor in Australia and New Zealand, and DB Pharm Korea Co. Ltd. for South Korea. Cumberland manages the commercialization of Caldolor in the United States.

"We are pleased to add Alveda Pharma to our growing network of international partners," said A.J. Kazimi, Chief Executive Officer of Cumberland Pharmaceuticals. "Alveda Pharma's emphasis on filling unmet and under-met medical needs along with their strong experience in marketing hospital injectables makes them an ideal partner for Cumberland. We look forward to working together to expand access to this important drug."

According to the terms of the agreement, Alveda Pharma will seek Canadian regulatory approval for Caldolor and, upon approval, handle ongoing r
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SOURCE Cumberland Pharmaceuticals Inc.
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