0000000000-20-006126.txt : 20201118 0000000000-20-006126.hdr.sgml : 20201118 20200708165811 ACCESSION NUMBER: 0000000000-20-006126 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20200708 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: CUMBERLAND PHARMACEUTICALS INC CENTRAL INDEX KEY: 0001087294 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 2525 WEST END AVENUE STREET 2: SUITE 950 CITY: NASHVILLE, STATE: TN ZIP: 37203 BUSINESS PHONE: 615-255-0068 MAIL ADDRESS: STREET 1: 2525 WEST END AVENUE STREET 2: SUITE 950 CITY: NASHVILLE STATE: TN ZIP: 37203 PUBLIC REFERENCE ACCESSION NUMBER: 0001628280-20-003880 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]4>7!E+UA/8FIE8W0O0V]L;W)3 M<&%C92]$979I8V5',Z%$;3 BU,"VEA6J % M6J %6J %6J %6J %6O ]*WOEK(,D*\X#9H:[]P]6<&19EAU+^GP>RR(B(B(B M(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B+_-A\?'^_O[V]O;Z^OKR\' MGI^?GP[$AY="%(AB43AV^=.M%A$1$1$1$9$?2,H4S\_/CX^/]_?WOP[<'=E- MR6+L]?OW[ZCAZ>GI]?5504-$1$1$1$1$+N;M[>WIZ>GAX6&_WS<"Q:]?O^[O M[^.KQW.(\K]__VZJBLJ1,EY>7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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end TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo July 8, 2020 Michael Bonner Senior Director Accounting & Finance, Chief Financial Officer CUMBERLAND PHARMACEUTICALS INC 2525 West End Avenue, Suite 950 Nashville, TN 37203 Re: CUMBERLAND PHARMACEUTICALS INC Form 10-K for the Fiscal Year Ended December 31, 2019 File No. 001-33637 Dear Mr. Bonner: We have limited our review of your filing to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 10-K for the Fiscal Year Ended December 31, 2019 Item 9A - Controls and Procedures, page 73 1. Your conclusion refers to only a portion of the definition of disclosure controls and procedures in Exchange Act Rules 13a-15(e) and 15d-15(e). In this regard, it appears your conclusion applies only to the portion referred to. Please confirm to us and revise to clarify, if true, that your conclusion is in regard to the entirety of disclosure controls and procedures as defined. Item 2.02 Form 8-K filed May 20, 2020 Exhibit 99.1, page 10 2. Please explain how you determine the adjustment for the impact of Vibativ cost of product sold to arrive at your non-GAAP measure, Adjusted Earnings from continuing operations. For example, clarify whether the adjustment relates to the entirety of the $21,550,000 of inventory acquired that is allocated to cost of sales for the periods Michael Bonner CUMBERLAND PHARMACEUTICALS INC July 8, 2020 Page 2 presented. Explain to us how it represents a non-cash impact and why you characterize the inventory as being acquired at no additional cost to the consideration paid to Theravance. Please tell us the remaining amount of inventory you expect to impact this measure in future periods and how long you expect it to be a material adjustment. Tell us how you considered Rule 100(b) of Regulation G in evaluating the propriety of the adjustment, given the net revenue for Vibativ included in net income and adjusted earnings from the sale of this inventory in the periods presented. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Jeanne Baker, Staff Accountant, at 202-551-3691 or Terence O'Brien, Accounting Branch Chief, at 202-551-3355 with any questions. FirstName LastNameMichael Bonner Sincerely, Comapany NameCUMBERLAND PHARMACEUTICALS INC Division of Corporation Finance July 8, 2020 Page 2 Office of Life Sciences FirstName LastName