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Cumberland Pharmaceuticals (Nasdaq: CPIX) $5.67. Annouced Thursday after market close that it has received approval from the U.S. Food and Drug Administration (FDA) for a new formulation of Acetadote (acetylcysteine) Injection, the Company's product used to treat acetaminophen poisoning. The proprietary new formulation, which does not contain Ethylene diamine tetracetic acid or any other stabilization and chelating agents and is free of preservatives, will replace the currently marketed product. Cumberland is immediately commencing U.S. launch activities for this next generation Acetadote product and will no longer manufacture the previously approved formulation.
Acetadote, which has been available in the United States since Cumberland's 2004 introduction of the product, is currently used in hospital emergency departments to prevent or lessen potential liver damage resulting from an overdose of acetaminophen, a common ingredient in many over-the-counter pain relief and fever-reducing products. Acetaminophen continues to be the leading cause of poisonings reported by hospital emergency rooms in the United States, and Acetadote has become a standard of care for treating this potentially life-threatening condition.
What They Do: Cumberland Pharmaceuticals Inc. is a Tennessee-based specialty pharmaceutical company focused on the acquisition, development and commercialization of branded prescription products.
Churchill Downs Racetrack (Nasdaq: CHDN) $42.11 and and Yum! Brands today announced a five-year extension of their 2006 agreement that made the world's largest restaurant company the first named presenting sponsor of the $2 million-guaranteed Kentucky Derby, the historic track's signature race and one of the country's major sports and entertainment events.
Under the agreement negotiated by the two Louisville, Ky.-based companies, the race will again be run as the Kentucky Derby Presented by Yum! Brands when it is renewed for the 137th consecutive year on Saturday, May 7, at Churchill Downs. It will be the sixth consecutive Kentucky Derby in which Yum! Brands has served as the Kentucky Derby's presenting sponsor.
What They Do: Churchill Downs, the world's most legendary racetrack, has conducted Thoroughbred racing and presented America's greatest race, the Kentucky Derby, continuously since 1875.
Acacia Research Corporation (Nasdaq: ACTG) $27.77. Today announced today that its subsidiary, Telematics Corporation, has entered into a patent license agreement with Geotab, Inc. This agreement resolves patent litigation that was pending in the United States District Court for the Northern District of Georgia.
Telematics’ patented technology generally relates to systems and methods for displaying mobile vehicle information on a map. This technology can be used in navigation and fleet management systems that combine wireless communication with GPS tracking and map displays.
What They Do: Acacia Research’s subsidiaries partner with inventors and patent owners, license the patents to corporate users, and share the revenue.
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