GEN Exclusives

More »

GEN News Highlights

More »
May 6, 2014

Cumberland, Gloria Pitch in $1M Each in R&D Joint Initiative

  • Cumberland Pharmaceuticals and China-based firm Gloria Pharmaceuticals are each investing $1 million in Cumberland Emerging Technologies (CET), a joint initiative between Vanderbilt University, Cumberland Pharmaceuticals, and the state of Tennessee's Launch TN that aims to advance biomedical products and technologies from academic research centers toward commercial development. 

    Per the deal, Gloria is getting first crack at negotiating a license to CET products for China, while Cumberland is keeping access to CET's product rights everywhere else. Cumberland says the new funds will be used to speed up development of CET's pipeline of new product candidates from Vanderbilt and other research centers in the region. 

    "We welcome Gloria as our international partner, shareholder, and fourth constituent," Cumberland's CEO A.J. Kazimi said in a statement. "Together these four partners can help develop and commercialize biopharmaceutical research and deliver new products to improve patient care."

    Cumberland and Gloria have worked together before: Back in February of 2012 Gloria entered an agreement to commercialize Cumberland's Caldolor® (ibuprofen) Injection and Acetadote® (acetylcysteine) products in China.

Add a comment

  • You must be signed in to perform this action.
    Click here to Login or Register for free.
    You will be taken back to your selected item after Login/Registration.

Related content


GEN Jobs powered by connects you directly to employers in pharma, biotech, and the life sciences. View 40 to 50 fresh job postings daily or search for employment opportunities including those in R&D, clinical research, QA/QC, biomanufacturing, and regulatory affairs.
More »

Be sure to take the GEN Poll

Patient Access to Genetic Information

Do you think patients have the absolute right to gain access to their own genetic information from medical or clinical laboratories?

More »