Cumberland Pharmaceuticals Said On June 2 FDA Informed Co That It Had Granted A Barrier-to-Innovation Waiver Associated With Reditrex Product Line Which Will Result In Refund Of ~$1.2M Co Paid For Prescription Drug Program Fees For Reditrex Product Line
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Cumberland Pharmaceuticals announced that the FDA granted a Barrier-to-Innovation Waiver for its Reditrex product line, resulting in a refund of approximately $1.2 million in prescription drug program fees.
June 07, 2023 | 9:10 pm
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Cumberland Pharmaceuticals (CPIX) received a Barrier-to-Innovation Waiver from the FDA for its Reditrex product line, leading to a refund of ~$1.2M in prescription drug program fees.
The FDA's Barrier-to-Innovation Waiver for Cumberland Pharmaceuticals' Reditrex product line will result in a refund of approximately $1.2 million in prescription drug program fees. This refund will positively impact the company's financial position in the short term, potentially leading to an increase in its stock price.
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