COVID Stimulus Watch Individual Entry
Recipient Company:
CUMBERLAND PHARMACEUTICALS INC.
Loan or Loan Guarantee Amount:
$2,187,140
Recipient Details
Ownership Structure: publicly traded (ticker symbol CPIX)
Facility Street Address: 2525 WEST END AVE
Facility City: NASHVILLE
Facility State: TN
Facility Zip Code: 37203
Facility Congressional District: TN-05
Facility NAICS Code: 325412 : Pharmaceutical Preparation Manufacturing
Award Details
Award Date: Apr 14, 2020
Award Type: loan
Jobs Reported at Time of Application: 94
PPP Lender: Pinnacle Bank
Program Name: Paycheck Protection Program ($150,000 and up)
Legislation: CARES
Awarding Agency: Small Business Administration
Data Source for Award:
https://www.sec.gov/Archives/edgar/data/1087294/000162828020005204/a8-kc...
Parent Company Data
Parent Company: Cumberland Pharmaceuticals Inc.
Headquartered in: Tennessee
Parent Sector: pharmaceuticals
Parent Industry: specialty pharmaceuticals
Employees (prior to pandemic): 94
Accountability Issues Since 2010
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Ratio of CEO Pay to that of Median Worker: 12 to 1
CEO Compensation: $1,477,297
Worker Median Pay: $119,885
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