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Cumberland Pharma nabs U.S. rights to Nordic's injectable methotrexate

Published 11/16/2016, 08:33 AM
Cumberland Pharma nabs U.S. rights to Nordic's injectable methotrexate
CPIX
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  • Cumberland Pharmaceuticals (NASDAQ:CPIX) acquires exclusive U.S. rights to Nordic Group B.V.'s injectable methotrexate product line, designed for the treatment arthritis and psoriatic arthritis. The product line is currently approved in certain European countries but not in the U.S.
  • Under the terms of the agreement, Cumberland will be responsible for the FDA submission, expected to happen in H1 2017, and commercialization. Nordic will be eligible to receive milestone payments based on regulatory approval and the achievement of sales targets. Cumberland expects the products to eventually generate $40M in annual sales.

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