Services

"CET's flexible approach allows researchers to utilize one or all of its services, customizing a plan for each project."

–Dr. Jim Leyda,
Director of Corporate Development

CET Support for Commercial Development

CET works with universities, hospitals and researchers to identify innovative biopharmaceutical and biotechnology research projects and prepare proposals for funding their development. Upon successful grant funding or private investment, CET acts as a corporate partner by providing program management. The research and associated intellectual property remains owned by the inventor, and CET is usually granted an option on the technology and intellectual property for the subsequent commercial phase.

CET Offers Expertise

CET benefits from direct access to Cumberland Pharmaceuticals' Industry Advisors (former leading pharmaceutical executives in marketing, finance, business development and clinical management) and a Scientific Advisory Board comprised of leading clinicians and directors of medical research institutes. Cumberland Pharmaceuticals' management team provides expertise and support essential to successful technology development and commercialization:

• Early-stage identification of projects for grant funding
• Management of funded development
• Technology transfer licensing skills
• Industrial development and regulatory expertise
• Funding network to raise private capital for company start-ups, growth and commercialization
• International marketing and business development experience

Product Development

CET identifies innovative product candidates and helps move them from laboratory to marketplace, addressing the clinical, manufacturing, regulatory and other challenges that often impede development of promising ideas. Understanding the needs of the marketplace as well as the regulatory environment is critical for successful commercialization. A management team of pharmaceutical and biotechnology industry veterans have a proven track record of translating research into commercially viable products.

Grant Program Management

CET works with researchers and organizations to prepare proposals for development funding, primarily through federal and state grant programs. Members of CET's management team have been involved with the submission of numerous grant applications, and have successful track records in securing grant funding through small business and other programs, including the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Once a project is funded, CET provides program management.

Technology Licensing Skills

Navigating the world of patent management and ownership rights can be one of the more challenging aspects of technology commercialization, especially when a university is involved. CET can assist researchers in either licensing intellectual property to an existing firm or developing a start-up company based on the new technology. When CET exercises its option, commercialization can be implemented by:

• Licensing to industrial companies (research organization and CET share royalty on net sales from products covered by patents on inventions)
• Creating a start-up company (research organization and CET share equity position)
• Cumberland Pharmaceuticals undertaking industrial development, regulatory, sales and marketing (research organization and CET share royalty on net sales)

New Business Development & Funding Assistance

The collective experience of CET management, board directors and scientific and other advisors in new business formation is extensive. CET can help with all aspects of the creation and financing of a new business, from designing a business model to raising private capital for start-up, growth and commercialization.