Pharma Stock Soars On Phase 2 Announcement

By: Dylan Sikes – AllPennyStocks.com News

Tuesday, February 4, 2025

Big news out of Nashville, TN after a pharmaceutical company announced advance results from the Phase 2 Fight DMD trial in Duchenne muscular dystrophy heart disease, according to a press release form earlier today.

Shares of Cumberland Pharmaceuticals Inc. (Nadaq:CPIX) rose sharply on the news, closing the session up at $3.76/share (+76.53%). This move was a strong continuation of the upward breakout this stock experienced toward the end of last year.

Cumberland Pharmaceuticals Inc is a specialty pharmaceutical company focused on the acquisition, development and commercialization of branded prescription pharmaceutical products. The company's primary target markets are hospital acute care, gastroenterology, rheumatology and oncology. The company promotes its approved products through its hospital, field and oncology sales divisions in the United States and establishes a network of international partners to register and provide medicines to patients in their countries. The company's revenue is derived primarily from the product sales of FDA approved pharmaceutical brands. Its brands include Acetadote, Caldolor, Kristalose, Omeclamox, RediTrex, Sancuso, Vaprisol and Vibativ.

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