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. KazimiNumber of Employees 33
Contact Information
Peer Companies
NAICS Code Drugs and Druggists' Sundries Merchant Wholesalers: 424210
Recent Events
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Morgan Joseph Reiterates a 'Buy' on Cumberland Pharmaceuticals CPIX
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Cumberland Pharmaceuticals earnings up 6% in 3Q
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Morgan Joseph Initiates Coverage on Cumberland Pharmaceuticals CPIX with a Buy; Substantial Long-term Upside
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Wells Fargo Initiates Coverage on Cumberland Pharmaceuticals CPIX with an Outperform; Positive Stance Based On...
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UBS Initiates Coverage on Cumberland Pharmaceuticals CPIX with a Buy
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Cumberland Pharmaceuticals Launches CaldolorR in the United States for Treatment...
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Cumberland launches fever and pain drug Caldolor
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Biotech Cools Off in August But Capital Markets Remain Positive
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Cumberland Pharmaceuticals raises $85M with IPO
News & Analysis
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cumberland pharmaceuticals inc. - All News and Analysis
Need to know: Greggs profits rise ... Citigroup to be sued ... Thorntons credit facility ...
View video and Need to Know interactive heatmap Economics Trade gap: The trade in goods deficit widened in June to £6.45 billion, after a surge in imports of oil. The gap was bigger than the £6.174 billion reported in May. Imports rose by 2.2 per cent, the biggest increase since...
Cumberland Pharmaceuticals Announces Pricing of Its Initial Public Offering of Common Stock
NASHVILLE, Tenn., Aug. 10 /PRNewswire-FirstCall/ -- Cumberland Pharmaceuticals Inc. announced today the pricing of its initial public offering of 5,000,000 shares of the Company's common stock at a price to the public of $17.00 per share, raising $85.0 million in gross proceeds. In addition, the Company has...
Cumberland Pharmaceuticals Announces FDA Approval of CaldolorÂ?
New drug is first injectable product approved for sale in the United Statesfor treatment of pain and fever NASHVILLE, Tenn., June 11 /PRNewswire/ -- Cumberland Pharmaceuticals (http://www.cumberlandpharma.com/) today announced the U.S. Food and Drug Administration FDA has approved CaldolorTM, an intravenous formulation of ibuprofen, through a...
Included among recent SEC filings for initial public offerings, Cumberland Pharmaceuticals Inc. registered up to $115 million worth of common stock via UBS Securities
IPO Sector: Included among recent SEC filings for initial public offerings, Cumberland Pharmaceuticals Inc. Nashville TN registered up to $115 million worth of common stock via UBS Securities. No details were furnished about the number of shares to be offered or the price range per share. The specialty...
Drug news
Recently Approved Drugs AVINZA The Food and Drug Administration has approved South San Francisco, CA-based Elan Pharmaceuticals' AvinzaTM (morphine sulfate extended-release) capsules for oncedaily treatment of chronic, moderate-to-severe pain requiring continuous, around-the-clock opioid therapy for an extended period of time. Ligand Pharmaceuticals, San Diego, CA, holds U.S. and Canadian marketing...
Mylan's Bertek & Cumberland Pharmaceuticals Announce Promotion Agreement
Business Eidtors PITTSBURGH & NASHVILLE--BUSINESS WIRE--Feb. 5, 2002 Mylan Laboratories Inc. (NYSE:MYL) announced today that its branded division, Bertek Pharmaceuticals Inc., and Cumberland Pharmaceuticals Inc. have signed an agreement for Cumberland to co-promote KristaloseRin the United States. "We are excited to have Cumberland join us in the...
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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
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Cumberland Pharmaceuticals Announces Pricing of Its Initial Public Offering of Common...
| 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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