Archives     Advertise     Editorial Calendar     Subscribe     Contact Us    


Cumberland Pharmaceuticals Signs Exclusive Licensing Agreement For Distribution In China


 

Cumberland Pharmaceuticals Inc. (NASDAQ: CPIX), a specialty pharmaceutical company, today announced it has entered into an exclusive agreement with China's Winhealth Pharma Group for the licensing rights of Acetadote® (acetylcysteine) Injection, used to prevent or reduce liver damage resulting from acetaminophen overdose, and Caldolor® (ibuprofen) Injection, which is used to treat pain and fever in the hospital setting. The agreement will provide Winhealth licensing rights to commercialize both FDA approved drugs in China, the second largest market for pharmaceuticals in the world after the U.S. There have been patents issued for both brands in China.

Winhealth currently markets 12 pharmaceutical brands throughout China via partnerships with Boehringer Ingelheim, Novartis, Pfizer, and Roche, among others. Under the terms of the agreement with Cumberland, Winhealth is responsible for seeking regulatory approval for the two injectable brands in China and will handle ongoing regulatory reporting, product marketing, distribution and sales in China (including Hong Kong and Macau) following approval. Cumberland maintains responsibility for intellectual property, product formulation, development, and other supporting activities. In exchange for the license to the product, Cumberland will receive upfront and milestone licensing payments, as well as royalties on future sales of both drugs.

"Winhealth has grown tremendously in recent years, making them an ideal partner as we look to bring our medicines to patients in China," said A.J. Kazimi, Chief Executive Officer of Cumberland Pharmaceuticals. "We are delighted that, through this agreement, Chinese hospitals will have the opportunity to improve the quality of care offered to their patients."

Cumberland has significantly expanded its international network of partners in recent years. In addition to its arrangement with Winhealth, Cumberland has licensed rights for Caldolor to partners in South Korea, Spain, and India. The Company has also licensed rights for both Caldolor and Acetadote in Australia and New Zealand.

"We are very selective in the brands we add to our portfolio," said Mr. Wang Wei, Chairman of Winhealth Pharma Group. "We believe Acetadote and Caldolor are innovative products with a strong track record and an excellent fit for the Chinese market. In addition, it ties nicely to our company's Contract Development and Commercialization Organization (CDCO) positioning and will allow us to continue our advancement in the Chinese pharmaceutical and healthcare industry."

Following regulatory approval, Winhealth will use its existing sales force to promote these injectable products throughout China. Both offer unique benefits for hospitalized patients in China.

In the U.S., Acetadote is used in emergency departments to prevent or lessen potential liver damage resulting from an overdose of acetaminophen, a common ingredient in many over-the-counter pain relief and fever-reducing products. Acetadote has become a standard of care for treating acetaminophen poisoning in the U.S. since its introduction. Cumberland has developed a next generation formulation of the product that does not contain any stabilizing or preservative agents.

Caldolor features analgesic, antipyretic and anti-inflammatory properties and is designed for the treatment of pain and fever, primarily in hospitalized patients who are unable to receive oral therapies. In clinical trials, Caldolor has demonstrated significant reductions in post-operative pain when compared with opioids alone while significantly reducing opioid requirements.

Both brands are approved by the FDA for use in adults as well as children.

Share:

 

Email Print

 

More Grand Rounds:

 

FDA Approves First Nasal Seizure Rescue Medication for Ages 6 and Above

The U.S. Food and Drug Administration (FDA) has approved VALTOCO® (diazepam nasal spray) as an acute treatment of intermittent, stereotypic episodes of frequent seizure activity (i.e., seizure clusters, acute repetitive seizures) that are distinct from a patient's usual seizure pattern in people with epilepsy 6 years of age and older.

Read More

Severe weather expected across Tennessee Jan. 10-11

Tennessee is expecting severe weather this weekend, beginning on Friday, according to the National Weather Service. A threat of damaging winds, tornadoes, hail and heavy rainfall are all expected to cause issues for the region from Jan. 10 through Jan. 11.

Read More

2019: Red Cross Aids Hundreds of Thousands Impacted by Disasters

In the face of this year's disasters, hundreds of thousands of people turned to the American Red Cross for food, shelter and recovery support in Tennessee and across the country.

Read More

Price Joins Montecito as Data Manager

Nashville-based Montecito Medical, the nation's top privately held acquirer of medical real estate, has expanded its growing team with the addition of Jennifer Price as data manager.

Read More

United Health Foundation Partners with Morehouse School of Medicine to Expand Ac-cess to Digital Health Technologies for Rural and Underserved Communi

Read More

THA Installs 2020 Officers, Board

During the Tennessee Hospital Association's 81st Annual Meeting, James Ross, president and chief executive officer (CEO) at West Tennessee Healthcare, Jackson, was installed as chairman of the THA 2020 Board of Directors.

Read More

Webb Appointed TDH Deputy Commissioner for Operations

Webb Appointed TDH Deputy Commissioner for Operations

Tennessee Department of Health Commissioner Lisa Piercey, MD, MBA, FAAP has appointed John Webb as deputy commissioner for operations.

Read More

Center for Medical Interoperability Launches Industry-Wide Verification Program

Last month, the Center for Medical Interoperability announced the launch of C4MI Verified™ - a testing program to accelerate the availability of connected technology solutions in the healthcare industry.

Read More

Crushing the Crisis

Crushing the Crisis

On Saturday, Sept. 7, TriStar Health joined more than 65 HCA Healthcare hospitals and local law enforcement agencies across the country to provide an opportunity for community members to properly dispose of unused opioid medications anonymously, with no questions asked.

Read More

American Health Partners Adds Two

American Health Partners Adds Two

Franklin-based American Health Partners has recently announced two new senior staff members to the team.

Read More

Let's Give Them Something to Talk About!

Let's Give Them Something to Talk About!

Awards, Honors, Achievements

Read More

Wishes Granted

Wishes Granted

Cumberland Pharmaceuticals Inc. recently announced FDA Orphan Drug Grant funding for a new Phase II clinical program.

Read More

Fourroux Prosthetics Opens in Nashville

Fourroux Prosthetics Opens in Nashville

Founded more than 50 years ago in Huntsville, Ala., Fourroux Prosthetics recently opened their newest full-service patient care facility in La Vergne to provide prosthetic services to amputees in Nashville and surrounding communities.

Read More

Business Briefs

Franklin-based ObjectiveGI, an integrated research and technology services platform company, announced its 10th "Center of Research Excellence" last month.

Read More

TriStar Centennial Welcomes New Physicians

TriStar Centennial Welcomes New Physicians

TriStar Centennial Medical Center recently welcomed Emily Peoples Neely, MD, to TriStar Medical Group - The Frist Clinic. Neely is board-certified in endocrinology, diabetes and metabolism and has been practicing in the Nashville area for the past eight years.

Read More

Acadia, Jason Foundation Partner to Provide Crisis Support & Suicide Prevention in Tennessee Schools

Acadia Healthcare, a leading provider of behavioral healthcare services, and The Jason Foundation, a national nonprofit focused on youth suicide awareness and prevention, have partnered to provide professional guidance and support services to assist schools in dealing with a crisis or traumatic event affecting the student body.

Read More

Elite Sports Medicine + Orthopedics Expands

Elite Sports Medicine + Orthopedics Expands

Last month, Elite Sports Medicine + Orthopedics welcomed Brian Dierckman, MD, to their practice and opened a new office at Southern Hills. Dierckman, a board certified orthopedic surgeon who specializes in hip, knee and shoulder, will primarily see patients at the new location.

Read More

CET Appoints New Senior Executive

CET Appoints New Senior Executive

Cumberland Emerging Technologies, Inc. (CET) has announced the appointment of Jim Stefansic, PhD, as CET's development director.

Read More

TriStar Centennial Women's Hospital Opens Milk Bank Depot

TriStar Centennial Women's Hospital Opens Milk Bank Depot

TriStar Centennial Women's Hospital recently announced the opening of a Milk Bank Depot for moms to donate frozen breast milk.

Read More

Centerstone promotes Bean

Centerstone promotes Bean

Community behavioral health provider Centerstone recently announced the promotion of Carol Bean to vice president of finance and assistant treasurer.

Read More

 
 


Tags:
None
Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: