Core Insights - Cumberland Pharmaceuticals Inc. presented positive results from the Phase 2 FIGHT DMD trial for ifetroban, a novel oral therapy targeting Duchenne muscular dystrophy (DMD) heart disease, at the PPMD conference, indicating its potential to protect the heart and reduce cardiac damage in DMD patients [1][2][8] Group 1: Trial Results - The 12-month Phase 2 FIGHT DMD trial demonstrated a significant 5.4% improvement in left ventricular ejection fraction (LVEF) in patients treated with high-dose ifetroban compared to a control group [4] - High-dose ifetroban treatment was associated with reduced blood levels of cardiac damage markers (NT-proBNP and cardiac troponin I), while these markers increased in placebo-treated patients, suggesting ifetroban's potential to prevent ongoing cardiac injury [5] - All patients who completed the study opted to continue with the open-label extension, indicating confidence in the treatment [7] Group 2: Pharmacokinetics and Tolerability - The study revealed that DMD patients receiving higher doses of ifetroban achieved similar plasma levels to typical adults without evidence of drug accumulation, supporting the 300 mg daily dosing used in the high-dose group [6] - Ifetroban was well-tolerated with an acceptable pharmacokinetic profile in patients with DMD, despite the higher dosing requirements [6] Group 3: Market Potential and Regulatory Pathway - Ifetroban is positioned to address the leading cause of death in DMD patients, with no approved treatment specifically targeting DMD heart disease, highlighting a critical unmet medical need [9][10] - The company plans to analyze long-term treatment results and engage in discussions with the FDA regarding the regulatory pathway forward based on the trial's encouraging results [10]

Analysis Shows 23% Reduction in Morphine Use with Favorable Safety Profile in Patients 60 Years of Age and OlderNASHVILLE, Tenn., May 27, 2025 /PRNewswire/ -- Cumberland Pharmaceuticals Inc. (Nasdaq: CPIX), a specialty pharmaceutical company, today announced the publication of its study investigating Caldolor® (intravenous ibuprofen) in older patients. The analysis evaluated the safety and efficacy of Caldolor for the management of pain and fever in patients 60 years of age and older. It marks an important ...

PART I – FINANCIAL INFORMATION [Financial Statements (Unaudited)](index=3&type=section&id=Item%201.%20Financial%20Statements%20%28Unaudited%29) Presents Cumberland Pharmaceuticals Inc.'s unaudited condensed consolidated financial statements for Q1 2025, including balance sheets, operations, cash flows, and equity [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to $69.9 million, liabilities reduced to $41.6 million, and equity increased to $28.3 million by Q1 2025 Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $15,108 | $17,964 | | Total current assets | $31,877 | $36,452 | | Total assets | $69,936 | $75,583 | | **Liabilities & Equity** | | | | Total current liabilities | $25,520 | $31,622 | | Revolving line of credit - long term | $5,241 | $10,176 | | Total liabilities | $41,595 | $53,037 | | Total equity | $28,341 | $22,546 | [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q1 2025 net income of $1.25 million on $11.7 million net revenues marks a significant turnaround from the prior year's loss Q1 2025 vs. Q1 2024 Statement of Operations (in thousands) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net revenues | $11,713 | $8,498 | | Total costs and expenses | $10,421 | $10,367 | | Operating income (loss) | $1,292 | $(1,869) | | Net income (loss) | $1,248 | $(1,902) | | Diluted EPS | $0.08 | $(0.14) | [Condensed Consolidated Statements of Cash Flows](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Q1 2025 operating activities provided $3.9 million cash, reversing a prior year use, resulting in a $2.9 million overall cash decrease Q1 2025 vs. Q1 2024 Cash Flow Summary (in thousands) | Activity | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | $3,899 | $(2,137) | | Net cash used in investing activities | $(1,228) | $(58) | | Net cash provided by (used in) financing activities | $(5,526) | $2,422 | | Net (decrease) increase in cash | $(2,856) | $227 | - Financing activities in Q1 2025 included **$5.3 million** in net proceeds from an At-the-Market (ATM) offering and **$10.0 million** in payments on the line of credit[13](index=13&type=chunk) [Notes to the Condensed Consolidated Financial Statements](index=7&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) Notes detail accounting policies and financial statement items, including product revenues, inventory, lease, debt, and contingent liabilities Net Revenues by Product (in thousands) | Product | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Kristalose | $3,484 | $3,196 | | Sancuso | $2,256 | $1,828 | | Vibativ | $1,378 | $1,605 | | Caldolor | $1,307 | $1,471 | | Other revenue | $3,142 | $275 | | **Total net revenues** | **$11,713** | **$8,498** | - Other revenue in Q1 2025 includes a **$3.0 million** milestone payment related to the approval of Vibativ for the Chinese market[41](index=41&type=chunk) - On February 5, 2025, the Company issued 1,000,000 shares under an At-the-Market (ATM) program for an aggregate amount of **$5.5 million**[57](index=57&type=chunk) - As of March 31, 2025, the company had **$5.2 million** in borrowings outstanding under its revolving credit facility with Pinnacle Bank at an interest rate of **7.125%**[62](index=62&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=21&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2025's profitability turnaround, driven by $11.7 million net revenue, outlining growth strategy and solid liquidity [Growth Strategy](index=23&type=section&id=Growth%20Strategy) The company's growth strategy focuses on maximizing existing brands, acquiring new ones, advancing its clinical pipeline, and building international partnerships - Cumberland's growth strategy includes: - Supporting and expanding the use of its marketed products - Selectively acquiring complementary brands and late-stage candidates - Progressing its clinical pipeline, including ifetroban Phase II programs - Leveraging infrastructure through co-promotion partnerships - Building an international business through a network of partners[90](index=90&type=chunk)[91](index=91&type=chunk) [Recent Developments](index=24&type=section&id=Recent%20Developments) Recent developments include Acetadote FDA approval, positive Caldolor and ifetroban study results, and Vibativ's China approval and Saudi launch - The FDA approved a supplemental New Drug Application for Acetadote, simplifying its dosing regimen to reduce medication errors[92](index=92&type=chunk)[93](index=93&type=chunk) - A new study of **150,000** patients showed Caldolor was associated with significantly reduced adverse drug reactions compared to ketorolac[94](index=94&type=chunk)[95](index=95&type=chunk) - The company announced positive top-line results from its Phase II study of ifetroban in patients with Duchenne muscular dystrophy (DMD)[97](index=97&type=chunk) - Vibativ received regulatory approval in China, and the company began shipping the product to Saudi Arabia for its launch[100](index=100&type=chunk)[101](index=101&type=chunk) [Results of Operations](index=28&type=section&id=Results%20of%20Operations) Net revenues for Q1 2025 increased by 38% to $11.7 million, primarily due to a $3.0 million Vibativ milestone, resulting in $1.3 million operating income Q1 2025 vs. Q1 2024 Operations Summary (in thousands) | Line Item | Q1 2025 | Q1 2024 | Change | | :--- | :--- | :--- | :--- | | Net revenues | $11,713 | $8,498 | $3,215 | | Cost of products sold | $1,426 | $1,576 | $(150) | | Operating income (loss) | $1,292 | $(1,869) | $3,161 | | Net income (loss) | $1,248 | $(1,902) | $3,151 | - The increase in Other Revenue from **$0.3 million** to **$3.1 million** was driven by a **$3 million** milestone payment for Vibativ's approval in China[116](index=116&type=chunk) - Sancuso revenue increased by **$0.4 million** due to increased shipments and lower sales deductions[115](index=115&type=chunk) Financial Contribution of Vibativ and Sancuso (in thousands) | Product Contribution | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | **Vibativ** | | | | Net Revenue* | $4,353 | $1,605 | | Contribution | $3,594 | $850 | | **Sancuso** | | | | Net Revenue | $2,256 | $1,828 | | Contribution | $1,183 | $1,043 | *Vibativ Q1 2025 Net Revenue includes a $2,975,000 milestone payment. [Liquidity and Capital Resources](index=31&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity is sourced from cash, operations, and a revolving credit line, with working capital improving to $6.4 million and $15.1 million cash by Q1 2025 Liquidity and Working Capital Summary (in thousands) | Metric | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $15,108 | $17,964 | | Working capital | $6,358 | $4,830 | | Revolving line of credit availability | $14,759 | $4,724 | - Cash provided by operating activities was **$3.9 million** for Q1 2025, a significant improvement from a **$2.1 million** use of cash in Q1 2024[125](index=125&type=chunk)[126](index=126&type=chunk) - Cash used in financing activities was **$5.5 million**, primarily due to **$10.0 million** in payments on the line of credit, offset by **$5.3 million** in proceeds from an ATM offering[127](index=127&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=32&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces interest rate risk on its variable-rate credit facility, with minimal foreign currency exchange risk due to primarily U.S. operations - The company is exposed to interest rate risk on its revolving credit facility, which is based on Term SOFR plus a spread. The applicable rate was **7.125%** at March 31, 2025, on **$5.2 million** of outstanding borrowings[133](index=133&type=chunk) - Foreign currency exchange risk is considered minimal as operations are primarily in the United States and exposure is limited[134](index=134&type=chunk) [Controls and Procedures](index=32&type=section&id=Item%204.%20Controls%20and%20Procedures) The CEO and CFO concluded disclosure controls and procedures were effective as of March 31, 2025, with no material changes in internal control over financial reporting - Management, including the CEO and CFO, concluded that the Company's disclosure controls and procedures were effective as of March 31, 2025[135](index=135&type=chunk) - No changes in internal control over financial reporting occurred during Q1 2025 that materially affected, or are reasonably likely to materially affect, internal controls[136](index=136&type=chunk) PART II – OTHER INFORMATION [Legal Proceedings](index=33&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in litigation but does not expect a material adverse effect on its business or financial condition - The Company does not believe that the disposition or ultimate resolution of existing claims or lawsuits will have a material adverse effect on its business or financial condition[66](index=66&type=chunk) [Risk Factors](index=33&type=section&id=Item%201A.%20Risk%20Factors) This section refers investors to the risk factors detailed in the Company's Annual Report on Form 10-K for 2024 - Investors are directed to consider the risk factors included in the Company's Annual Report on Form 10-K for the year ended December 31, 2024[139](index=139&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=33&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company repurchased 53,837 shares for $0.2 million in Q1 2025 under its $10 million program, with $2.2 million remaining available - During Q1 2025, the Company repurchased **53,837** shares of common stock for approximately **$0.2 million**[55](index=55&type=chunk) Share Repurchases in Q1 2025 | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | January | 15,770 | $2.51 | | February | — | — | | March | 38,067 | $5.36 | | **Total** | **53,837** | | - As of March 31, 2025, approximately **$2.2 million** remained available for future repurchases under the current program[55](index=55&type=chunk) [Other Information](index=33&type=section&id=Item%205.%20Other%20Information) Several officers and directors adopted Rule 10b5-1 trading plans to purchase company stock, effective March 2025 through year-end - The CEO and several directors adopted Rule 10b5-1 trading plans to purchase company stock, which became effective on March 3, 2025[142](index=142&type=chunk) [Exhibits](index=34&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including employment agreements and CEO/CFO certifications - The report includes various exhibits, such as CEO and CFO certifications (31.1, 31.2, 32.1) and Inline XBRL data files[143](index=143&type=chunk)

Cumberland Pharmaceuticals Inc (CPIX) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Company Participants Molly Aggas - Account SupervisorA.J. Kazimi - Founder, Chairman & CEOTodd Anthony - Vice President of Organizational DevelopmentJohn Hamm - VP & CFO Operator Good afternoon, and welcome to the Cumberland Pharmaceuticals first quarter twenty twenty five financial report and company update. This call is being recorded at the company's request and will be archived on its website for one year from today's d ...

Financial Performance - Cumberland Pharmaceuticals reported net revenues of $11.7 million for Q1 2025, representing a 38% increase compared to the same period last year[1]. - The company generated a net profit of $1.3 million and adjusted earnings of $2.4 million, equating to $0.16 per share[7]. - Total operating expenses for the quarter were $10.4 million, leading to a cash flow from operations of $3.9 million[1][7]. - Net revenues for the three months ended March 31, 2025, were $11,713,055, a 38.8% increase from $8,497,701 in the same period of 2024[29]. - Operating income for Q1 2025 was $1,291,947, compared to an operating loss of $(1,869,250) in Q1 2024[29]. - Net income attributable to common shareholders for Q1 2025 was $1,257,068, a significant recovery from a net loss of $(1,946,263) in Q1 2024[29]. - Earnings per share attributable to common shareholders was $0.08 for Q1 2025, compared to a loss of $(0.14) in Q1 2024[29]. - Cash flows from operating activities provided $3,898,517 in Q1 2025, contrasting with cash used of $(2,136,647) in Q1 2024[31]. - Adjusted earnings for Q1 2025 were $2,397,743, with adjusted diluted earnings per share of $0.16, compared to adjusted loss of $(639,811) and $(0.05) per share in Q1 2024[33]. Assets and Liabilities - Cumberland ended the quarter with approximately $70 million in total assets, $41.6 million in liabilities, and $28.7 million in shareholders' equity[2][8]. - Total shareholders' equity increased to $28.7 million as of March 31, 2025, up from $22.9 million at the end of 2024[8][27]. - The company reported a net cash decrease of $(2,855,771) in cash and cash equivalents for Q1 2025, down from $18,321,624 at the beginning of the period[31]. Product Development and Regulatory Approvals - The Phase II study of ifetroban for Duchenne muscular dystrophy (DMD) yielded positive top-line results, marking a significant breakthrough for patients[3]. - Vibativ received regulatory approval in China, allowing Cumberland to enter the world's second-largest pharmaceutical market, with a product launch expected by year-end[6]. - The company plans to conduct further data analysis and prepare for an end-of-Phase-II meeting with the FDA regarding the DMD program[5]. - Cumberland's product portfolio includes Kristalose ($3.5 million), Sancuso ($2.3 million), Vibativ ($1.4 million), and Caldolor ($1.3 million) in Q1 2025[7]. Future Outlook - The company is optimistic about future growth driven by strong performance from approved brands and potential strategic acquisitions[3]. - The company made a net investment of $(1,162,357) in a manufacturing facility during Q1 2025[31]. - Proceeds from an ATM offering in Q1 2025 amounted to $5,266,334, contributing to financing activities[31]. - The weighted-average shares outstanding for diluted earnings in Q1 2025 were 15,259,824, compared to 14,098,022 in Q1 2024[33].

Cumberland Pharmaceuticals Inc (CPIX) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Speaker0 Good afternoon, and welcome to the Cumberland Pharmaceuticals first quarter twenty twenty five financial report and company update. This call is being recorded at the company's request and will be archived on its website for one year from today's date. I would now like to turn the call over to Molly Agus, account supervisor at the Dalton agency who handles Cumberland's communications. Molly, please proceed. Speaker ...

Company Update - Cumberland Pharmaceuticals Inc. will release its first quarter 2025 financial results and provide a company update on May 6, 2025, after market close [1] - A conference call is scheduled for May 6 at 4:30 p.m. Eastern Time to discuss the results and updates [1] Company Overview - Cumberland Pharmaceuticals is a specialty pharmaceutical company focused on developing, acquiring, and commercializing products for hospital acute care, gastroenterology, and oncology market segments [3] - The company has a portfolio of FDA-approved brands, including Acetadote®, Caldolor®, Kristalose®, Sancuso®, Vaprisol®, and Vibativ® [5] Clinical Programs - The company is conducting Phase II clinical programs evaluating its ifetroban product candidate for conditions such as Systemic Sclerosis, cardiomyopathy associated with Duchenne Muscular Dystrophy, and Idiopathic Pulmonary Fibrosis [3]

Corporate Presentation Nasdaq CPIX Safe Harbor Statement This presentation contains forward-looking statements concerning our approved products and product development, our technology, our competitors, our intellectual property, our financial condition and our plans for research and development programs that involve risks, uncertainties and assumptions. These statements are based on the current estimates and assumptions of the management of Cumberland Pharmaceuticals as of the date of this presentation and ...

Core Insights - Cumberland Pharmaceuticals announced significant results from its Phase 2 FIGHT DMD clinical trial, demonstrating a 5.4% improvement in cardiac function for patients with Duchenne muscular dystrophy (DMD) [1][3][4] Group 1: Clinical Trial Results - The Phase 2 FIGHT DMD trial showed that high-dose ifetroban treatment resulted in a 3.3% improvement in left ventricular ejection fraction (LVEF) compared to placebo [3] - When compared to propensity-matched natural history controls, high-dose treatment provided a significant 5.4% overall improvement in LVEF, while control patients experienced a 3.6% decline [3] - These improvements in cardiac function could lead to enhanced quality of life and survival for DMD patients [3] Group 2: Drug Information - Ifetroban is an oral thromboxane receptor antagonist that has received Orphan Drug Designation and Rare Pediatric Disease Designation from the FDA for DMD-related heart disease [4][7][8] - If approved, ifetroban would be the first therapy specifically indicated for DMD-related heart disease [8] Group 3: Company and Industry Context - Cumberland Pharmaceuticals is focused on developing treatments for rare diseases, with a growing portfolio of patents related to ifetroban for DMD [5][11] - The company is preparing for an end-of-Phase-2 meeting with the FDA to discuss the next steps for ifetroban's development and commercialization [5] - Current therapies for DMD primarily focus on preserving muscle function, highlighting the urgent need for treatments addressing cardiac complications [4][6]

Product Development and Approvals - Acetadote received FDA approval for a simplified dosing regimen in 2024, which reduces medication errors and non-allergic reactions without compromising effectiveness[28]. - Caldolor is the only non-opioid product approved to treat pain in infants delivered through injection, with expanded labeling for use in infants aged 3 to 6 months approved in 2023[40]. - A clinical study involving 150,000 patients showed that Caldolor is associated with a significantly reduced incidence of adverse drug reactions compared to its key competitor, ketorolac[43]. - Kristalose, a prescription laxative, is the only product available in pre-measured powder packets, with 77% of patients preferring its taste and consistency over syrup forms[45]. - Cumberland acquired U.S. assets and rights to Sancuso in January 2022, an FDA-approved oncology supportive care medicine[50]. - Sancuso is the first FDA-approved prescription patch for preventing chemotherapy-induced nausea and vomiting, effective for up to five consecutive days[51]. - Cumberland acquired Vaprisol, the only intravenously administered branded treatment for hyponatremia, which is common among hospitalized patients[53]. - Cumberland introduced Vibativ, an FDA-approved injectable anti-infective, in early 2021, targeting serious infections caused by drug-resistant bacteria[56]. - The company is developing a pipeline of new product candidates, including ifetroban for various serious conditions, with significant potential for orphan diseases[75]. - The company secured pediatric approval for Acetadote and Caldolor, expanding their labeling and usage[79]. - Ifetroban is undergoing Phase II studies for systemic sclerosis and idiopathic pulmonary fibrosis, with investigational new study applications cleared by the FDA[122]. - The FDA has approved a new manufacturing facility for Vaprisol, with plans to relaunch the brand once the FDA clears the submission for manufacturing[139]. - A new smaller package for Vibativ was launched in 2024 to better serve smaller hospitals and infusion centers, enhancing cost management and workflow[140]. Financial Performance and Strategy - In 2024, the company reported that Customer 1 accounted for 29%, Customer 2 for 26%, and Customer 3 for 21% of consolidated gross revenues[82]. - The company maintains financial discipline by managing expenses in line with revenues to ensure positive cash flow from operations[79]. - The company aims to acquire under-promoted, FDA-approved drugs and late-stage development products to enhance its portfolio, exemplified by the acquisitions of Vibativ and Sancuso[79]. - Cumberland's growth strategy includes maximizing existing brands and building international partnerships for product distribution[76]. Partnerships and Collaborations - The company has established partnerships with Poly Pharmaceuticals and Foxland Pharmaceuticals to expand the marketing reach of Kristalose[47]. - The company continues to build a network of international partners to register and provide its medicines globally[12]. - The company entered into a Development Agreement with Octapharma AG for a new product designed to locate sites of internal bleeding, with funding and milestone payments provided by Octapharma[108]. - The company is actively pursuing international partnerships to support product registration and commercialization, including agreements with D.B. Pharm and WinHealth[83][89]. Market Competition and Intellectual Property - The company faces competition in the acetaminophen overdose market from companies selling orally administered NAC, including InnoPharma, which has a generic version of Acetadote[178]. - The company is aware of various product candidates in development to treat acute pain, which may compete with Caldolor, including injectable NSAIDs and novel opioids[181]. - Kristalose competes in the constipation therapy market, which includes various prescription and OTC products[184]. - The company emphasizes the importance of brand awareness, intellectual property rights, and successful business development activities in maintaining its competitive position[176]. - The company holds multiple patents for Caldolor, with the latest patent (the 400 Caldolor Patent) issued on November 7, 2023, scheduled to expire in March 2032[172]. - The company acquired numerous U.S. patents for Vibativ in November 2018, with the 623 Vibativ Patent scheduled to expire in January 2027[174]. - The company has multiple granted patents relating to its ifetroban products and pending patent applications with the USPTO[175]. Corporate Social Responsibility and Employee Engagement - The company reported that women represented 49% of its workforce and 27% were minorities, highlighting its commitment to employee development and recognition[19]. - The company is committed to sustainability, as evidenced by its inaugural Sustainability Report issued in 2019 and ongoing initiatives[17]. - The Cumberland Pharma Foundation was established to support ongoing philanthropic endeavors, with an initial grant of 50,000 shares of common stock provided to address financial needs[129].