Certain
portions of this correspondence have been omitted pursuant to a
request
for confidential treatment which has been filed separately with the SEC.
for confidential treatment which has been filed separately with the SEC.
June 22, 2007
United States Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
100 F Street, N.E.
Washington, D.C. 20549
Attention:
|
Mr. Jeffrey P. Riedler | |
| Assistant Director | ||
Re:
|
Cumberland Pharmaceuticals Inc. | |
| Form S-1 Registration Statement | ||
| File No. 333-142535 |
Ladies and Gentlemen:
We are responding supplementally to comments received in a letter dated June 8, 2007 from Mr.
Jeffrey P. Riedler to Mr. A.J. Kazimi with respect to the Form S-1 Registration Statement of
Cumberland Pharmaceuticals Inc. filed on May 1, 2007.
1) To fulfill our response to your Comment No. 8, we hereby provide the Commission a copy of
the article entitled “An update of N- acetylcysteine treatment for acute acetaminophen toxicity in
children” by Laurie Marzullo, published by Lippincott Williams & Wilkins, Curr Opin Pediatr
17:239-245, 2005.
2) To fulfill our response to your Comment No. 28, we hereby advise the Commission Staff that
the Company considers the following public companies to be its peers: Myriad Genetics, Inc.
(“MYGN”), Bradley Pharmaceuticals, Inc. (“BDY”), Nabi Biopharmaceuticals (“NABI”), Forest
Laboratories, Inc. (“FRX”) and Salix Pharmaceuticals, Ltd (“SLXP”).
3) To fulfill our response to your Comment No. 48, we hereby provide the following itemized
chronological schedule covering all equity instruments issued by the Company since January 1, 2006:
Securities and Exchange Commission
June 22, 2007
Page 2
June 22, 2007
Page 2
CUMBERLAND PHARMACEUTICALS INC
COMMON STOCK CERTIFICATES
| Certificate | Issued | Number of | Issue | Value of Shares | ||||||||||||||||
| Number | Name | Related Party | Price | Shares | Date | Transacted | Nature of Grant | |||||||||||||
389
|
[***] | Board member | $ | 18.00 | 6,000 | 2/1/2006 | 108,000.00 | Services | ||||||||||||
390
|
[***] | Sr V.P. and Medical Director | $ | 18.00 | 1,350 | 2/1/2006 | 24,300.00 | Services | ||||||||||||
415
|
[***] | Board member | $ | 22.00 | 1,091 | 12/29/2006 | 24,002.00 | Services | ||||||||||||
416
|
[***] | Board member | $ | 22.00 | 1,091 | 12/29/2006 | 24,002.00 | Services | ||||||||||||
417
|
[***] | Board member | $ | 22.00 | 1,091 | 12/29/2006 | 24,002.00 | Services | ||||||||||||
418
|
[***] | Board member | $ | 22.00 | 3,136 | 12/29/2006 | 68,992.00 | Services | ||||||||||||
425
|
[***] | Board member | $ | 22.00 | 2,200 | 2/1/2007 | 48,400.00 | Services | ||||||||||||
426
|
[***] | Board member | $ | 22.00 | 3,318 | 2/1/2007 | 72,996.00 | Services | ||||||||||||
427
|
[***] | Consultant | $ | 22.00 | 2,500 | 2/1/2007 | 55,000.00 | Services | ||||||||||||
428
|
[***] | Sr V.P. and Medical Director | $ | 22.00 | 2,600 | 2/1/2007 | 57,200.00 | Services | ||||||||||||
429
|
[***] | HR Consultant | $ | 22.00 | 1,000 | 2/1/2007 | 22,000.00 | Services | ||||||||||||
OPTIONS GRANTED
| Underlying | Exercise price | Number of | Grant | Term | ||||||||||||||||||||
| Number | Name | Related Party | Stock Value | Stock Value | Shares | Date | (in years) | Nature of Grant | ||||||||||||||||
N-104
|
[***] | Consultant | $ | 18.00 | $ | 18.00 | 10,000 | 1/31/2006 | 60 days after vest | Services | ||||||||||||||
N-105
|
[***] | CET consultant | $ | 18.00 | $ | 18.00 | 2,000 | 1/31/2006 | 10 | Services | ||||||||||||||
I-45
|
[***] | employee | $ | 18.00 | $ | 19.80 | 10,000 | 6/30/2006 | 5 | Employee incentives | ||||||||||||||
I-46
|
[***] | employee | $ | 18.00 | $ | 18.00 | 6,500 | 6/30/2006 | 10 | Employee incentives | ||||||||||||||
I-47
|
[***] | employee | $ | 18.00 | $ | 18.00 | 5,500 | 6/30/2006 | 10 | Employee incentives | ||||||||||||||
I-48
|
[***] | employee | $ | 18.00 | $ | 18.00 | 1,300 | 6/30/2006 | 10 | Employee incentives | ||||||||||||||
I-49
|
[***] | employee | $ | 18.00 | $ | 18.00 | 1,000 | 6/30/2006 | 10 | Employee incentives | ||||||||||||||
I-50
|
[***] | employee | $ | 18.00 | $ | 18.00 | 7,500 | 7/17/2006 | 10 | Employee incentives | ||||||||||||||
I-51
|
[***] | employee | $ | 18.00 | $ | 18.00 | 1,575 | 9/1/2006 | 10 | Employee incentives | ||||||||||||||
I-52
|
[***] | employee | $ | 18.00 | $ | 18.00 | 1,200 | 10/15/2006 | 10 | Employee incentives | ||||||||||||||
I-53
|
[***] | employee | $ | 18.00 | $ | 18.00 | 1,400 | 10/15/2006 | 10 | Employee incentives | ||||||||||||||
I-54
|
[***] | employee | $ | 22.00 | $ | 22.00 | 500 | 1/1/2007 | 10 | Employee incentives | ||||||||||||||
I-55
|
[***] | employee | $ | 22.00 | $ | 22.00 | 500 | 1/1/2007 | 10 | Employee incentives | ||||||||||||||
I-56
|
[***] | employee | $ | 22.00 | $ | 22.00 | 500 | 1/1/2007 | 10 | Employee incentives | ||||||||||||||
I-57
|
[***] | employee | $ | 22.00 | $ | 22.00 | 500 | 1/1/2007 | 10 | Employee incentives | ||||||||||||||
I-58
|
[***] | employee | $ | 22.00 | $ | 22.00 | 500 | 1/1/2007 | 10 | Employee incentives | ||||||||||||||
I-59
|
[***] | employee | $ | 22.00 | $ | 22.00 | 500 | 1/1/2007 | 10 | Employee incentives | ||||||||||||||
I-60
|
[***] | employee | $ | 22.00 | $ | 22.00 | 500 | 1/1/2007 | 10 | Employee incentives | ||||||||||||||
I-61
|
[***] | employee | $ | 22.00 | $ | 22.00 | 500 | 1/1/2007 | 10 | Employee incentives | ||||||||||||||
I-62
|
[***] | employee | $ | 22.00 | $ | 22.00 | 500 | 1/1/2007 | 10 | Employee incentives | ||||||||||||||
Securities and Exchange Commission
June 22, 2007
Page 3
June 22, 2007
Page 3
| Underlying | Exercise price | Number of | Grant | Term | ||||||||||||||||||||
| Number | Name | Related Party | Stock Value | Stock Value | Shares | Date | (in years) | Nature of Grant | ||||||||||||||||
I-63
|
[***] | employee | $ | 22.00 | $ | 22.00 | 500 | 1/1/2007 | 10 | Employee incentives | ||||||||||||||
I-64
|
[***] | employee | $ | 22.00 | $ | 22.00 | 500 | 1/1/2007 | 10 | Employee incentives | ||||||||||||||
I-65
|
[***] | employee | $ | 22.00 | $ | 22.00 | 500 | 1/1/2007 | 10 | Employee incentives | ||||||||||||||
I-66
|
[***] | employee | $ | 22.00 | $ | 22.00 | 500 | 1/1/2007 | 10 | Employee incentives | ||||||||||||||
I-67
|
[***] | employee | $ | 22.00 | $ | 22.00 | 6,000 | 2/2/2007 | 10 | Employee incentives | ||||||||||||||
I-68
|
[***] | employee | $ | 22.00 | $ | 22.00 | 6,000 | 2/2/2007 | 10 | Employee incentives | ||||||||||||||
I-69
|
[***] | employee | $ | 22.00 | $ | 22.00 | 5,000 | 2/2/2007 | 10 | Employee incentives | ||||||||||||||
I-70
|
[***] | employee | $ | 22.00 | $ | 22.00 | 5,000 | 2/2/2007 | 10 | Employee incentives | ||||||||||||||
I-71
|
[***] | employee | $ | 22.00 | $ | 22.00 | 4,000 | 2/2/2007 | 10 | Employee incentives | ||||||||||||||
I-72
|
[***] | employee | $ | 22.00 | $ | 22.00 | 3,000 | 2/2/2007 | 10 | Employee incentives | ||||||||||||||
I-73
|
[***] | employee | $ | 22.00 | $ | 22.00 | 2,000 | 2/2/2007 | 10 | Employee incentives | ||||||||||||||
I-74
|
[***] | employee | $ | 22.00 | $ | 22.00 | 500 | 2/2/2007 | 10 | Employee incentives | ||||||||||||||
N-106
|
[***] | CET consultant | $ | 22.00 | $ | 22.00 | 7,000 | 2/2/2007 | 10 | Services | ||||||||||||||
I-75
|
[***] | employee | $ | 22.00 | $ | 22.00 | 460 | 2/26/2007 | 10 | Employee incentives | ||||||||||||||
WARRANTS GRANTED
| Underlying | Exercise price | Number of | Grant | Term | ||||||||||||||||||||
| Number | Name | Related Party | Stock Value | Stock Value | Shares | Date | (in years) | Nature of Grant | ||||||||||||||||
W-3
|
Bank of America, N.A. | NO | $ | 18.00 | $ | 18.00 | 1,979 | 4/6/2006 | 10 | Loan Agreement Fee | ||||||||||||||
If you have any additional questions, please call the undersigned at (615) 259-1479.
Sincerely yours,
ADAMS AND REESE LLP
/s/
Martin S. Brown, Jr.
cc:
|
Mary K. Fraser, Esq., United States Securities and Exchange Commission | |
| A.J. Kazimi, Cumberland Pharmaceuticals Inc. | ||
| Donald J. Murray, Esq., Dewey Ballantine LLP, Counsel to the underwriters |
Enclosure
