regulatory
confidence high
sentiment positive
materiality 0.50
FDA approves new manufacturing site for Cumberland's Sancuso; $1M milestone due
CUMBERLAND PHARMACEUTICALS INC
- FDA approved Kindeva as new manufacturing and packaging site for Sancuso on Dec. 6, 2022.
- Cumberland acquired U.S. rights to Sancuso in Jan. 2022; Kyowa Kirin led the FDA submission.
- Cumberland will pay Kyowa Kirin a $1 million milestone payment following the approval.
- Sancuso is the first FDA-approved transdermal patch for chemotherapy-induced nausea/vomiting.