The following is a summary of the Cumberland Pharmaceuticals Inc. (CPIX) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Cumberland Pharmaceuticals reported Q1 2024 net revenues of $8.5 million, including $3.2 million from its Kristalose product and $1.8 million from Sancuso.

• The company's total operating expenses amounted to $10.4 million for Q1 2024, resulting in a net loss of $1.9 million and an adjusted loss of $0.6 million after adding back non-cash expenses.

• Cumberland ended the quarter with $82 million in total assets, including $19 million in cash and cash equivalents, and $54 million in total liabilities.

• The company repurchased a total of 126,000 shares during Q1 2024 as part of its corporate share repurchase program.

• Cumberland added $34 million and $19 million in new assets through the acquisitions of Vibativ and Sancuso respectively.

Business Progress:

• Cumberland has published a special report to increase awareness of Caldolor among the medical community and launched new Vibativ packaging designed for smaller hospitals and infusion centers.

• The company is also expanding Kristalose's Medicaid coverage across multiple states and advancing Vibativ in several international markets in collaboration with partners.

• Cumberland's ifetroban product candidate is currently under assessment in several Phase II clinical trials.

• Cumberland is making progress in increasing its FDA-approved products and implementing sales and marketing initiatives.

• The company is looking into opportunities to broaden Kristalose's use and expects significant growth for Caldolor due to the NOPAIN Act.

More details: Cumberland Pharmaceuticals IR

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