Positive Phase 2 Study for Ifetroban
Announced positive Phase 2 study data for ifetroban in patients with Duchenne muscular dystrophy, significantly impacting share price and trading volumes.
Vibativ Approval in China
Vibativ received approval by regulatory authorities in China, expanding Cumberland's international business.
Strong Q4 Financial Performance
Fourth-quarter net revenues reached $10.4 million, an 11.6% increase over the prior year period.
Expansion of Kristalose Medicaid Coverage
Kristalose added to Medicaid plans in Virginia, Louisiana, and Maine, contributing to product growth.
Cost Reduction
Total operating expenses for 2024 decreased to $44.3 million, down $5 million from the previous year.
FDA Approvals and Designations
FDA approval for Acetadote's streamlined dosing, orphan drug designation, and rare pediatric disease designation for ifetroban.