Market Overview

Cumberland Pharma, PT. SOHO Industri Pharmasi Announce Licensing Deal for Caldolor in Indonesia

Related CPIX
Cumberland Pharmaceuticals Acquires VaprisolĀ® from Astellas Pharma US; Terms Undisclosed
Top 4 Small-Cap Stocks In The Drug Manufacturers-Other Industry With The Lowest PEG Ratio

Cumberland Pharmaceuticals Inc. (NASDAQ: CPIX) today announced it has entered into an exclusive agreement with Indonesia's PT. SOHO Industri Pharmasi (a SOHO Group company) for the registration and commercialization of CaldolorĀ® (ibuprofen) Injection, which is used to treat pain and fever in the hospital setting.

Under the terms of the agreement, SOHO receives an exclusive license to Caldolor for the Indonesian market. SOHO will be responsible for seeking regulatory approval, ongoing regulatory reporting, product marketing, distribution and sales in the territory following approval. Cumberland maintains responsibility for the intellectual property, product formulation, manufacturing and other supported activities. In exchange for the license to the product, Cumberland will receive upfront and milestone licensing payments, as well as transfer prices on future sales of the drug.

Posted-In: News FDA

 

Most Popular

Related Articles (CPIX)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free