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

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Operating Cash Flow: Operating cash flows for the six months ended June 30, 2014, was $1.8 million, similar to the prior year period. 

Balance Sheet:  As of June 30, 2014, Cumberland had $53.9 million in cash and marketable securities, with approximately $39.1 million in cash and equivalents and $14.8 million in marketable securities.  Total assets at June 30, 2014, were $93.5 million and the Company had no debt at the end of the second quarter.

QUARTER HIGHLIGHTSVaprisol®Acquisition and Launch of Vaprisol

In February 2014, Cumberland acquired certain product rights, intellectual property and related assets for Vaprisol from Astellas Pharma US, Inc. Vaprisol is a patented, prescription brand indicated to raise serum sodium levels in hospitalized patients with euvolemic and hypervolemic hyponatremia. It is one of two branded prescription products indicated for the treatment of hyponatremia, and the first and only intravenously administered branded treatment.

Hyponatremia, an imbalance of serum sodium to body water, is the most common electrolyte disorder among hospitalized patients.  These electrolyte disturbances occur when the sodium ion concentration in the plasma is lower than normal and are often associated with a variety of critical care conditions including congestive heart failure, liver failure, kidney failure and pneumonia. Vaprisol raises serum sodium to appropriate levels and promotes free water secretion.

Cumberland re-launched active promotion of the brand in early May 2014, utilizing the Company's hospital sales force, which also features its Caldolor and Acetadote products.

Omeclamox®-PakLaunch of Omeclamox-Pak

Cumberland launched our promotion and distribution efforts to support Omeclamox-Pak in early 2014.  Our field sales force promotes Omeclamox-Pak to the gastroenterologist segment, which accou
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SOURCE Cumberland Pharmaceuticals Inc.
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