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Cumberland Pharmaceuticals Reports 2011 Annual Financial Results
Date:2/29/2012

mpared to $92.1 million in 2010. At December 31, 2011, Cumberland had total debt of $4.9 million, down from $7.2 million at the end of 2010. Shareholders' equity increased to $82.8 million at the end of 2011 from $77.7 million for the prior period.

"We are pleased to have delivered strong revenue and earnings growth and to have achieved our revenue guidance during 2011," said A.J. Kazimi, Chief Executive Officer of Cumberland Pharmaceuticals. "2011 milestones for Cumberland included the approval and launch of the next generation Acetadote®, the acquisition of the worldwide rights to Kristalose®, as well as our addition of a fourth product, Hepatoren™, which we believe is an excellent complement to our current offerings," said Kazimi. "In addition to these milestones, we continued to focus on the incremental growth of our brands including new international partnerships and opportunities for new indications."

Cumberland is introducing earnings guidance for 2012. The Company expects to see diluted earnings to be in the range of $0.32 to $0.36 per share, reflecting growth of approximately 15-30%. This guidance reflects a continuation of existing trends as well as the company's expectation for the implementation of its new commercial strategy. This guidance represents the Company's best estimate of future results, which may be affected by factors described below in "Forward-Looking Statements."

Company Highlights Acetadote®

In January 2011, the U.S. Food and Drug Administration (FDA) approved Cumberland's supplemental new drug application (sNDA) for a new formulation of Acetadote, which was the result of a phase IV commitment the Company made to the FDA upon receipt of initial marketing approval of the product. The new formulation does not contain Ethylene diamine tetracetic acid or any other stabilization or chelating agents and is free of preservatives. Cumberland launched the next ge
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SOURCE Cumberland Pharmaceuticals Inc.
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