Brief: Cumberland Pharmaceuticals Acquires Sancuso® From Kyowa Kirin North America

Cumberland Pharmaceuticals

04/01/2022 14:22

Jan 4 (Reuters) - Cumberland Pharmaceuticals Inc  CPIX.O :
    * CUMBERLAND PHARMACEUTICALS ACQUIRES SANCUSO® FROM KYOWA
KIRIN
NORTH AMERICA
    * CUMBERLAND PHARMACEUTICALS INC - UNDER AGREEMENT, CO WILL
ACQUIRE U.S. RIGHTS TO SANCUSO AND WILL ASSUME FULL COMMERCIAL
RESPONSIBILITY FOR PRODUCT
    * CUMBERLAND PHARMACEUTICALS INC - FINANCIAL TERMS OF
ACQUISITION
INCLUDE A $13.5 MILLION PAYMENT TO KYOWA KIRIN UPON CLOSING, UP
TO $3.5 MILLION IN MILESTONES
    * CUMBERLAND PHARMACEUTICALS INC - FINANCIAL TERMS OF
ACQUISITION
INCLUDE TIERED ROYALTIES OF UP TO 10% ON U.S. NET PRODUCT SALES
FOR SANCUSO

Source text for Eikon:  ID:nPnYSjKXa 
Further company coverage:  CPIX.O 

 ((Reuters.Briefs@thomsonreuters.com;))