BNET Industries

Market Cap:$276.2M
Last Fiscal Year Sales:$17.8M
  • Public
Dow Jones Description

Cumberland Pharmaceuticals is a specialty pharmaceutical company whose mission is to acquire currently marketed and late-stage development pharmaceutical products and grow them through marketing to targeted, underserved physician segments. Cumberland is dedicated to providing high quality products which address unmet medical needs.

Chairman & CEO
A.J. Kazimi
Number of Employees 33
Contact Information

cumberlandpharm...

NAICS Code Drugs and Druggists' Sundries Merchant Wholesalers: 424210

Recent Events

  • Morgan Joseph Reiterates a 'Buy' on Cumberland Pharmaceuticals CPIX

    11/11/09 - Bond / Stock Rating - View Story

  • Cumberland Pharmaceuticals earnings up 6% in 3Q

    11/10/09 - Financial Announcement - View Story

  • Morgan Joseph Initiates Coverage on Cumberland Pharmaceuticals CPIX with a Buy; Substantial Long-term Upside

    9/21/09 - Bond / Stock Rating - View Story

  • Wells Fargo Initiates Coverage on Cumberland Pharmaceuticals CPIX with an Outperform; Positive Stance Based On...

    9/21/09 - Bond / Stock Rating - View Story

  • UBS Initiates Coverage on Cumberland Pharmaceuticals CPIX with a Buy

    9/21/09 - Bond / Stock Rating - View Story

  • Cumberland Pharmaceuticals Launches CaldolorR in the United States for Treatment...

    9/09/09 - Product Announcement - View Story

  • Cumberland launches fever and pain drug Caldolor

    9/09/09 - Product Announcement - View Story

  • Biotech Cools Off in August But Capital Markets Remain Positive

    9/01/09 - New Investment - View Story

  • Cumberland Pharmaceuticals raises $85M with IPO

    8/11/09 - New Investment - View Story

News & Analysis

cumberland pharmaceuticals inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
David L Lowrance Vice President and Chief Financial Officer
Jean W. Marstiller Senior Vice President, Administrative Services and Corporate Secretary
Martin E Cearnal Senior Vice President, Comm Dev
J. William Hix Vice President, Sales & Marketing
Leo Pavliv Vice President, Operations
R Ph Leo Pavliv Vice President, Operations
Martin S Brown Partner
Elizabeth C Gerken Director, Business Development
Gordon R Bernard Senior Vice President and Medical Director
James L Herman Senior Director, National Accounts
Amy D Rock Senior Manager, Regulatory Affairs
Bruce J. Kent Senior Manager, District Sales
Doug Jack Senior Manager, Security & Exchange Commission Reporting
Angela Novak Corporate Relations Associate
James B Cundiff
William Hix
Thomas R Lawrence Director

Board of Directors

Name (plus bio) Position
A.J. Kazimi Chairman & CEO
Dr Lawrence W Greer Board of Directors
Dr Robert G Edwards Board Director, International Business Development Coordinator

Organization Position Status
Cumberland Pharmaceuticals, Inc. Chairman & CEO Current

Organization Position Status
Cumberland Pharmaceuticals, Inc. Vice President and Chief Financial Officer Current
Icore International Limited Senior Vice President Former
Cumberland Pharmaceuticals, Inc. Director, Finance & Accounting Former
The University of Georgia B.B.A. Former

Jean W. Marstiller directs the Company's administrative operations, site services and information systems. She also serves as the Company's corporate secretary. Ms. Marstiller held similar responsibilities for ten years at Therapeutic Antibodies Inc., a biopharmaceutical company. Previously, Ms. Marstiller worked at Brown-Forman Corporation, where she rose through management-level positions in the areas of finance, direct mail and sales.

Organization Position Status
Cumberland Pharmaceuticals, Inc. Senior Vice President, Administrative Services and Corporate Secretary Current
Brown-Forman Corporation Former

Martin E. Cearnal, Director. Mr. Cearnal has served as a member of our board of directors since 2004. He is the former President and Chief Executive Officer of Physicians World, which became the largest provider of continuing medical education during his tenure from 1985 to 2000. Physicians World was acquired by Thomson Healthcare in 2000. Mr. Cearnal served as President of Thomson Physicians World from 2000 to 2003, and Executive Vice President-Chief Strategy Officer for Thomson Medical Education from 2003 through 2005. Since 2006, he has been Executive Vice President-Chief Strategy Officer for Jobson Medical Information. Mr. Cearnal has 40 years experience in the Healthcare industry Management

Organization Position Status
Jobson Medical Information LLC Executive Vice President, Chief Strategy Officer Former
Cumberland Pharmaceuticals, Inc. Senior Vice President, Comm Dev Current
Phpsurveyor Board of Directors Current
Shelhigh Inc. Board of Directors Current
Cumberland Pharmaceuticals, Inc. Board of Directors Current
Physicians World CEO Former
Physicians World President Former

J. William Hix is responsible for all sales and marketing efforts at Cumberland. Mr. Hix joined the Company in 2004 to form and manage the national sales force promoting the acute care product line to hospitals, poison control centers and physicians. He was also instrumental in the design and implementation of Cumberland's field sales force which is responsible for promoting Company products in the gastroenterology market. Mr. Hix brings significant industry experience to the Company, having spent thirty years at Novartis/CIBA-GEIGY Pharmaceutical Corporation. There his responsibilities ranged from sales operations, planning and promotion to marketing support and regulatory compliance.

Organization Position Status
Cumberland Pharmaceuticals, Inc. Vice President, Sales & Marketing Current
The Lady M.B.A. Former
University of Memphis B.S. Former

Leo Pavliv, R.Ph. has over twenty years of experience developing pharmaceutical and biological products. Beginning his career at Parke-Davis, he has worked with both large pharmaceutical and small development biotechnology companies in various scientific and management positions. Most recently, he served as Vice President of Pharmaceutical Development at Cato Research, a full-service contract research and development organization. Mr. Pavliv has authored and reviewed numerous regulatory submissions to the FDA and foreign regulatory agencies, as well as several articles, a book chapter and presentations on a variety of chemistry, manufacturing and controls topics at industry meetings.

Organization Position Status
Cumberland Pharmaceuticals, Inc. Vice President, Operations Current
Parke-Davis & Company Limited Former
Rutgers University M.B.A. Former
Rutgers University B.S. Former

Organization Position Status
Cumberland Pharmaceuticals, Inc. Vice President, Operations Current

Organization Position Status
Cumberland Pharmaceuticals, Inc. Partner Current

Elizabeth C. Gerken coordinates business development activities and is engaged in the identification of product opportunities, the process of due diligence and the negotiation of deal terms for Cumberland's agreements. Ms. Gerken previously spent eight years with Eli Lilly and Company, including management roles in Strategic Planning, Brand Management, Sales Management, and Business Development.

Organization Position Status
Cumberland Pharmaceuticals, Inc. Director, Business Development Current
Cumberland Pharmaceuticals, Inc. Board of Directors Current
Eli Lilly and Company Business Development Former
Vanderbilt University B.E. Former

Gordon R. Bernard, M.D., is Chief of Pulmonary Service and Professor of Medicine at Vanderbilt University School of Medicine. In addition, he is Medical Director for the Institutional Review Board. Dr. Bernard is a leader in the area of cardiopulmonary medicine and sepsis research and he has published more than 100 peer-reviewed articles on these topics. He chairs the Steering Committee for NHLBI Acute Respiratory Distress Syndrome Clinical Trials Network. Dr. Bernard received his M.D. degree from Louisiana State University. He serves on the editorial boards of Clinical Intensive Care, Journal of Critical Care and Sepsis.

Organization Position Status
Vanderbilt University School of Medicine Chief of Pulmonary Service Current
Advanced Life Sciences Holdings, Inc. Chief of Pulmonary Service and Professor of Medicine at Vanderbilt University School of Medicine Current
Cumberland Pharmaceuticals, Inc. Senior Vice President and Medical Director Current
The Cumberland Senior Vice President Current
Vanderbilt University School of Medicine Professor of Medicine Current
Vanderbilt University Professor Former
Louisiana State University M.D. Degree Former
Vanderbilt University M.D. Former
University of Southwestern Louisiana B.S. Former

James L. Herman serves as National Accounts Senior Director. He is responsible for all national accounts sales, including wholesalers and chain buying offices, managed care home offices and federal government accounts. Previously he spent five years at Solvay Pharmaceuticals where he served as Director of Managed Care as well as Director of Trade Affairs and Customer Service. Mr. Herman spent eight years at Schwarz Pharma, a worldwide manufacturer of branded drugs, where he held various positions.

Organization Position Status
Cumberland Pharmaceuticals, Inc. Senior Director, National Accounts Current
Cumberland Pharmaceuticals, Inc. Board of Directors Current
Icore International Limited Senior Vice President Former
Solvay Pharmaceuticals, Inc. Director Former
Cardinal Stritch University M.B.A. Former
Indiana University B.S. Former

Amy D. Rock, Ph.D. is responsible for coordinating FDA submissions, product filings, and clinical trials. Dr. Rock oversees the entire preparation of regulatory submissions, from outlining general strategy to reviewing individual documents. She manages all interactions between Cumberland and the FDA. Dr. Rock has experience with basic research, having published multiple articles in peer-reviewed journals such as The Journal of Immunology, The Journal of Neurosurgery, and Experimental Cell Research.

Organization Position Status
Cumberland Pharmaceuticals, Inc. Senior Manager, Regulatory Affairs Current
University of Kentucky PhD In Immunology Former
Washington University B.A. Former

Bruce J. Kent is responsible for managing that group of sales representatives which promotes Cumberland's gastroenterology product line. Joining the Company in July 2006 to form and launch Cumberland's field sales force, Mr. Kent had 19 years of pharmaceutical industry experience. Beginning his career with CIBA Pharmaceuticals in 1988, he spent 15 years with what is now Novartis Pharmaceuticals, where he held positions of increasing responsibility in sales, sales management, managed healthcare, business analysis, and ebusiness. Prior to joining Cumberland, Mr. Kent was the Executive Director of Sales for Rx Sample Solutions and the head of the Northeast Regional Office from 2004 to 2006. He holds a B.S. from the Pennsylvania State University.

Organization Position Status
The Cumberland Former
The Pennsylvania State University B.S. Former

Organization Position Status
Cumberland Pharmaceuticals, Inc. Senior Manager, Security & Exchange Commission Reporting Current

Organization Position Status
Cumberland Pharmaceuticals, Inc. Corporate Relations Associate Current

Organization Position Status
Cumberland Pharmaceuticals, Inc. Current
Forest Pharmaceuticals, Inc. Former

Organization Position Status
Cumberland Pharmaceuticals, Inc. Current

Larry Greer founded Greer Capital Advisors in September 2002 and directed the raise of the S.C.O.U.T. Healthcare Fund, LP as its General Partner. For the previous 13 years he acted as Director of Investments for Dunn Investment Company overseeing a broad range of equity investments and marketable securities portfolio. He was directly involved with management, operational oversight, strategic planning, capitalization events and negotiations regarding industry collaborations yielding significant results. Three portfolio companies completed initial public offerings, three were successfully acquired and the marketable securities portfolio returned well above the DJIA and S&P 500 for the same period while under his management. Prior to entering the investments field, Dr. Greer practiced Dentistry in Birmingham for 14 years. Dr. Greer serves on the Boards of many of the Fund's portfolio companies in addition to the Biotechnology Association of Alabama and several start-up tech transfer companies. Dr. Greer received his MBA and DDS from Emory University and his BS from Tulane University.

Organization Position Status
Greer Capital Advisors LLC Founder Current
Greer Capital Advisors LLC Owner Current
Greer Capital Advisors LLC Legal Associate Current
Birmingham Bar Association Board of Directors Current
Cumberland Pharmaceuticals, Inc. Board of Directors Current
Birmingham Bar Association Member Current
Delta Capital Partners, Inc. Co-Founder Former
Delta Capital Partners, Inc. Managing Partner Former
Greer Capital Advisors LLC Senior Managing Partner Former
Biosystems Chairman Former
Emory University D.D.S. Former
Emory University M.B.A. Former
Tulane University MBA Former
Hampden-Sydney College Bachelor of Arts In Managerial Economics Former
Tulane University B.S. Former
Mississippi State University B.S. Former

Dr. Robert G. Edwards brings extensive medical, business and international experience to the Company, coordinating International Business Development activities. Previously he was Chairman and Managing Director of Therapeutic Antibodies Inc.'s Australasian subsidiary, overseeing operations in Australia, New Zealand and Southeast Asia. Dr. Edwards' distinguished career includes having served as Deputy Director of the Institute for Medical & Veterinary Science in South Australia, President of the Royal College of Pathologists of Australasia, and member of the Australian National Health & Medical Research Council.

Organization Position Status
Cumberland Pharmaceuticals, Inc. Board Director, International Business Development Coordinator Current
The Royal College of Pathologists President Former
University of Adelaide M.D. Former
University of London Master of Human Physiology Former
University of London Degree Former

Organization Position Status
Aetos Technologies, Inc. CEO Current
Cytoviva, Inc. Chairman Current
Aetos Technologies, Inc. Chairman Current
Cumberland Pharmaceuticals, Inc. Director Current
Union Planters Bank Incorporated Founder Former
Union Planters Bank Incorporated Investment Banker Former
Mississippi State University BS Degree Former

Executive News

  • Cumberland Pharmaceuticals Announces Pricing of Its Initial Public Offering of Common...

    Reuters - 8/10/09 - View Story

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CPIX $13.72 +0.50 (3.78% )
Volume 142,882
Shares Outstanding 20.1M
Market Cap 276.2M
Year High 17.75
Year Low 11.78
Earnings Per Share 0.23
P/E Ratio 59.6522
Dividend 0.00
Yield 0.00
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