Navigation Links
Cumberland Pharmaceuticals Reports Second Quarter 2014 Financial Results
Date:8/5/2014

NASHVILLE, Tenn., Aug. 5, 2014 /PRNewswire/ -- Cumberland Pharmaceuticals Inc. (NASDAQ: CPIX), a specialty pharmaceutical company focused on hospital acute care and gastroenterology, today announced second quarter 2014 financial results.

SUMMARY FINANCIAL RESULTS: During the second quarter 2014, net revenues were $9.8 million, up nearly 38% from the prior year period. Operating cash flow was $1.8 million for the six months as the Company managed expenses in line with its revenue during the first half of the year.  Cumberland returned to profitability in 2014 with $1.0 million in net income during the first half of the year or $0.06 per diluted share.

As of June 30, 2014, the Company had nearly $54 million in cash and investments, $94 million in total assets and no debt.  Cumberland also had approximately $43 million in tax net operating loss carryforwards, resulting from the prior exercise of stock options.

SUMMARY QUARTER HIGHLIGHTS:

  • In May 2014, Cumberland launched promotional efforts to support Vaprisol® following the brand's acquisition from Astellas in February.
  • The launch of Omeclamox®-Pak and a new marketing strategy for Kristalose® also contributed to the Company's second quarter growth.
  • During the quarter, Cumberland announced a new research and development initiative with its Chinese partner, Gloria Pharmaceuticals, with each company contributing $1.0 million to Cumberland Emerging Technologies.
  • Cumberland also entered into a new three year line of credit with SunTrust Bank providing up to $20 million in debt financing availability to support the Company's growth and acquisition initiatives.
  • "The launch of our two new products, Vaprisol and Omeclamox-Pak, has diversified our business and has contributed to our return to profitability in 2014," said
    '/>"/>

    SOURCE Cumberland Pharmaceuticals Inc.
    Copyright©2014 PR Newswire.
    All rights reserved

    Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16

    Related medicine technology :

    1. Cumberland Pharmaceuticals Reports First Quarter 2012 Financial Results
    2. Cumberland Pharmaceuticals To Present At The 2012 Wells Fargo Securities Healthcare Conference In Boston
    3. Cumberland Pharmaceuticals To Announce Second Quarter 2012 Financial Results On August 2, 2012
    4. Cumberland Pharmaceuticals Reports Second Quarter 2012 Financial Results
    5. Cumberland Pharmaceuticals to Present at the UBS Global Life Sciences Conference in New York
    6. Cumberland Pharmaceuticals Reports Third Quarter 2012 Financial Results
    7. Cumberland Emerging Technologies Expands Life Sciences Center
    8. Cumberland Pharmaceuticals And PT. SOHO Industri Pharmasi enter Into Exclusive Licensing Agreement For Caldolor In Indonesia
    9. Cumberland Pharmaceuticals To Announce 2012 Year End Financial Results On February 28, 2013
    10. Cumberland Pharmaceuticals Reports 2012 Annual Financial Results
    11. Cumberland Pharmaceuticals To Announce First Quarter 2013 Financial Results On May 2, 2013
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:10/30/2014)... 30, 2014 , La ... contribuye a adquirir tolerancia a la proteína de ... proteína de la leche de la vaca (APLV) es la ... Hasta ahora, la APLV se trataba eliminando las ... demostrado que es posible adquirir tolerancia oral en ...
    (Date:10/30/2014)... Pharmaceuticals, Inc. today announced that it has received final ... (FDA) on its Abbreviated New Drug Application (ANDA) for ... to Eisai Inc.,s Aricept® 23mg.  Aricept® 23mg is used ... is preparing to launch the product in the US ... USA , at the earliest time possible. ...
    (Date:10/30/2014)... , Oct. 29, 2014 Electrodes ... potential which can be amplified to diagnose as ... electrodes used in medical devices facilitate the detection ... from muscle cells and neurons of the patients. ... utilize the radiofrequency alternating current to perform minimally ...
    Breaking Medicine Technology:Según expertos reunidos en el Simposio Allergy Day 2Según expertos reunidos en el Simposio Allergy Day 3Electrodes for Medical Devices Market (Diagnostic Electrodes - ECG, EEG, EMG, ERG and Fetal Scalp Electrodes, Therapeutic Electrodes - TENS, Pacemakers, Defibrillators, Electrosurgical and Other Electrodes) - Global Industry Analysis, Size, Share, G 2Electrodes for Medical Devices Market (Diagnostic Electrodes - ECG, EEG, EMG, ERG and Fetal Scalp Electrodes, Therapeutic Electrodes - TENS, Pacemakers, Defibrillators, Electrosurgical and Other Electrodes) - Global Industry Analysis, Size, Share, G 3Electrodes for Medical Devices Market (Diagnostic Electrodes - ECG, EEG, EMG, ERG and Fetal Scalp Electrodes, Therapeutic Electrodes - TENS, Pacemakers, Defibrillators, Electrosurgical and Other Electrodes) - Global Industry Analysis, Size, Share, G 4
    ... , , , ... Failure Society of America,s (HFSA) 13th Annual Scientific Meeting ... This three-day meeting -- a forum for heart failure specialists to present ... research and new developments in the approach to treating patients with this ...
    ... ORLANDO, Florida, September 14 , ... System Will Help Novant,Hospitals Ensure Patient Safety and Quality, ... Inc., an Elsevier company and leading provider of advanced,solutions ... Novant Health, a not-for-profit integrated group of,hospitals and physician ...
    Cached Medicine Technology:Heart Failure Society of America 13th Annual Scientific Meeting to Focus on a Bench-To-Bedside Approach 2Heart Failure Society of America 13th Annual Scientific Meeting to Focus on a Bench-To-Bedside Approach 3Novant Health Rolls Out MEDai's Predictive Modeling Solution to Nine Hospitals in Three States 2Novant Health Rolls Out MEDai's Predictive Modeling Solution to Nine Hospitals in Three States 3Novant Health Rolls Out MEDai's Predictive Modeling Solution to Nine Hospitals in Three States 4
    (Date:10/30/2014)... HealthDay Reporter , WEDNESDAY, Oct. 29, ... been identified that appear linked to autism spectrum disorders, ... are on their way to discovering up to 1,000 ... Autism spectrum disorders include a range of developmental disabilities ... An estimated one in 68 U.S. children has an ...
    (Date:10/30/2014)... 30, 2014 Horse Sense & ... riding to special needs individuals in the Jacksonville area, ... November 15 from 10-2:00 p.m. at Bailey's Farm (2202 ... to the public and is designed to raise awareness ... to the HSS Round-Up is free. Ticket purchases will ...
    (Date:10/30/2014)... 30, 2014 The human brain is ... vigorously exercised to help maintain better mental health, according ... ‘Dementia Express: Lose Your Memory in 100 Ways’ for ... and sometimes conflicting attitudes to help keep the reader ... a reader must decipher the hidden logic within. , ...
    (Date:10/30/2014)... 29, 2014 (HealthDay News) -- When it comes to heart ... men to delay care when they have symptoms that spell ... to the hospital with a more severe or advanced stage ... study author Catherine Kreatsoulas, a Fulbright Scholar and research fellow ... news release from the Heart and Stroke Foundation of Canada. ...
    (Date:10/30/2014)... Many U.S. colleges have indoor tanning salons on ... risk for skin cancer, researchers report. Tanning ... so colleges should adopt tanning-free policies, to help ... health efforts are needed to raise university administration ... indoor tanning poses to young adults in order ...
    Breaking Medicine News(10 mins):Health News:Discovery of 100-Plus Genes Tied to Autism May Improve Treatments 2Health News:Discovery of 100-Plus Genes Tied to Autism May Improve Treatments 3Health News:Horse Sense & Sensitivity, Jacksonville Non-profit, To Hold 2nd Annual Round-Up 2Health News:‘Dementia Express’ Offers Contradictory and Sometimes Reverse Thinking, All to Keep its Reader on Their Toes With an Active Mind. 2Health News:Women Often Ignore Signs of Heart Trouble 2Health News:Many U.S. Colleges Have Indoor Tanning Salons On, Near Campus: Study 2
    ... HealthDay Reporter , MONDAY, March 28 (HealthDay News) -- ... the brain that,s similar to when people suffer physical ... serious rejection can be sometimes," said study author Edward ... "When people are saying ,I really feel in pain ...
    ... your chances of losing weight, reduce your stress level and get ... to lose at least 10 pounds were more likely to reach ... than six hours but not more than eight hours a night. ... Obesity , was the result of a study funded by the ...
    ... recent decision was made to merge the National Institute ... Institute on Drug Abuse (NIDA) into a yet unnamed ... who co-authored the paper) believe that since alcohol is ... merging the two institutes could significantly hinder the scientific ...
    ... CHICAGOMultiple Sclerosis (MS) is an unpredictable, often debilitating ... affects more than 400,000 Americans. Patients with MS ... and psychological impacts of their condition. Northwestern Medicine,s ... care and is the first in the Midwest ...
    ... Serena Gordon HealthDay Reporter , MONDAY, March 28 ... and Twitter, have become nearly inescapable facets of modern life, ... can have real benefits and risks for children. These ... each other and they are where children and adolescents are ...
    ... HealthDay Reporter , MONDAY, March 28 (HealthDay News) ... screen U.S. airline passengers is not a significant health ... have arisen since the U.S. Transportation Safety Administration (TSA) ... now operates 486 scanners in 78 U.S. airports, and ...
    Cached Medicine News:Health News:Romantic Rejection May Hurt Just Like Physical Pain 2Health News:Moderate sleep and less stress may help with weight loss 2Health News:Moderate sleep and less stress may help with weight loss 3Health News:Commentary: When creating a new institute, the devil's in the details 2Health News:Commentary: When creating a new institute, the devil's in the details 3Health News:Northwestern Medicine multiple sclerosis program earns national designation 2Health News:Northwestern Medicine multiple sclerosis program earns national designation 3Health News:Social Media Has Good and Bad Effects on Kids: Experts 2Health News:Social Media Has Good and Bad Effects on Kids: Experts 3Health News:Airport Scanners Appear Safe, Study Finds 2Health News:Airport Scanners Appear Safe, Study Finds 3Health News:Airport Scanners Appear Safe, Study Finds 4
    Inquire...
    ... Multifocal IOL was designed to provide a ... glasses in most situations. While distance vision ... to that of a single vision monofocal ... and about 19 in 20 people with ...
    The Pach IV is the premier product for cornea thickness measurement in conjunction with Glaucoma screening....
    ... Zeus Scientific, Inc. Measles test ... qualitative and quantitative detection of ... by the indirect fluorescent antibody ... determine or confirm recent infection ...
    Medicine Products: