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IRVINE--- Spectrum Pharmaceuticals Announces Sale of Injectable Generic Drugs to Sagent Pharmaceuticals, Inc. |
| 5/9/2008 @ 6:19 AM
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Spectrum Pharmaceuticals, Inc., (NasdaqGM:SPPI) announced today that it has sold its abbreviated new drug applications (ANDAs) for its injectable generic drugs, ondansetron, carboplatin, fludarabine, and mitoxantrone, to Sagent Pharmaceuticals, Inc.
“The sale of these non-core assets provides additional non-dilutive funding which will be used to further fund the advancement of our late stage clinical programs,” said Rajesh C. Shrotriya, MD, Chairman, President and Chief Executive Officer of Spectrum Pharmaceuticals.
“This transaction allows us to quickly add these important near-term products to our pipeline of more than 200 products,” said Jeffrey M. Yordon, CEO, founder and chairman of the board of Sagent Pharmaceuticals. “Our extensive global development network will enable us to accelerate commercialization of these products at a comparatively low cost.”
About Sagent Pharmaceuticals, Inc.
Sagent Pharmaceuticals, founded in 2006, is a privately held specialty pharmaceutical company focused on developing, manufacturing, sourcing and marketing pharmaceutical products, with a specific focus on injectable products. Sagent has created a unique, global network of resources, comprised of rapid development capabilities, sophisticated manufacturing and innovative drug-delivery technologies, quickly yielding an extensive portfolio of pharmaceutical products that fulfills the evolving needs of patients. Sagent currently has more than 200 products in development. For more information about Sagent, please visit www.sagentpharma.com.
About Spectrum Pharmaceuticals
We are a biopharmaceutical company that acquires, develops and commercializes a diversified portfolio of drug products, with a focus mainly on oncology and urology. Our strategy is comprised of acquiring and developing a broad and diverse pipeline of late-stage clinical and commercial products with a focus on oncology and urology; establishing a commercial organization for our approved drugs; continuing to build a team with people who have demonstrated skills, passion, commitment and a track record of success in developing drugs and commercialization in our areas of focus; and, leveraging the expertise of partners around the world to assist us in the execution of our strategy. For more information, please visit our website at www.spectrumpharm.com. |
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| Friday, May 16, 2008 |
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NEWPORT BEACH--- TriZetto Mourns the Passing of Board Member Tom Johnson Posted 3:43 PM PST
COSTA MESA--- Synthetic Blood International, Inc. Provides Updates on Pending Matters Posted 3:26 PM PST
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| Thursday, May 15, 2008 |
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IRVINE--- IDM Pharma Announces Updated Data From Mifamurtide (L-MTP-PE) Compassionate Access Program Posted 9:00 AM PST
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| Wednesday, May 14, 2008 |
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TUSTIN--- AMDL Subsidiary Donates Pharmaceuticals in China Earthquake Relief Effort Posted 5:44 PM PST
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ANAHEIM--- Ddi Corp. Increases Share Repurchase Authorization Posted 8:56 AM PST
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| Tuesday, May 13, 2008 |
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IRVINE--- Endocare to Present at Seventh Annual JMP Securities Research Conference Posted 9:45 AM PST
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| Monday, May 12, 2008 |
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IRVINE--- Cascade Healthcare Community Chooses Accenx Technologies for Information Integration Posted 5:04 PM PST
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| Friday, May 9, 2008 |
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SANTA ANA--- TTM Technologies, Inc. Prices $155 Million of 3.25% Convertible Senior Notes Posted 3:05 PM PST
NEWPORT BEACH--- Acacia Subsidiary Enters into License Agreement with Serif Posted 6:19 AM PST
IRVINE--- Spectrum Pharmaceuticals Announces Sale of Injectable Generic Drugs to Sagent Pharmaceuticals, Inc. Posted 6:19 AM PST
SANTA ANA--- TTM Technologies, Inc. Prices $155 Million of 3.25% Convertible Senior Notes Posted 6:17 AM PST
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| Thursday, May 8, 2008 |
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COSTA MESA--- Irvine Sensors Subsidiary Gets $6.7 Million in New Orders Posted 3:40 PM PST
IRVINE--- Edwards Lifesciences Celebrates One Million Heart Valve Patients and More at AATS 2008 Posted 3:36 PM PST
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IRVINE--- Valicore and jNet Partner to Deliver Embedded Security Solutions Posted 8:21 AM PST
SANTA ANA--- Advanced Medical Optics to Present at the Bank of America Healthcare Conference on May 15 Posted 8:21 AM PST
NEWPORT BEACH--- Acacia Subsidiary Enters into License Agreement with Raxco Posted 8:20 AM PST
SANTA ANA--- TTM Technologies, Inc. to Offer $125 Million of Convertible Senior Notes Posted 8:19 AM PST
ORANGE--- Insight Integrated Systems, NetApp and Forrester to Host Webcast on Storage Strategies for Microsoft Exchange Server Posted 8:17 AM PST
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IRVINE--- Epicor Earns Sixth CRM Excellence Award Posted 8:09 AM PST
COSTA MESA--- TechVentive Cites SYSPRO Fit for Food, Medical Device Co’s Posted 8:08 AM PST
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| Wednesday, May 7, 2008 |
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IRVINE--- TDVision Systems, Inc. Expanding Into Southern California Posted 2:21 PM PST
IRVINE--- Freedom Announces Investment to Accelerate Growth Posted 2:14 PM PST
IRVINE--- RF Digital Announces World's First Wi-Fi Module With Years of Battery Life Posted 6:44 AM PST
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COSTA MESA--- Synthetic Blood International, Inc. to Open New Research Office at Virginia BioTechnology Research Park Posted 6:26 AM PST
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| Tuesday, May 6, 2008 |
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IRVINE--- ISTA Pharmaceuticals to Present at the Bank of America 2008 Health Care Conference Posted 5:23 PM PST
BREA--- Nexsure Integrates Multi-Carrier, Real-Time, Commercial Lines Quoting Via SeaPass Hub Posted 4:52 PM PST
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LAKE FOREST--- Intelsat and Panasonic to Bring Broadband Service to the Skies Posted 9:04 AM PST
IRVINE--- ClariPhy Communications to Present at Linley Group High Speed Interconnect Design Seminar Posted 9:03 AM PST
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TUSTIN--- Integrium Introduces Its Integrium Clinical Excellence (ICE) Methodology to Assure Consistent Delivery of Sponsor Clinical Trials Posted 8:37 AM PST
IRVINE--- WiSpry Awarded 'Product of the Year in Semiconductors' by the AeA Posted 8:33 AM PST
IRVINE--- Masimo Showcases Best-in-Class Patient Safety Solutions at the AACN Conference Posted 8:31 AM PST
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| Monday, May 5, 2008 |
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ALISO VIEJO--- Valeant Pharmaceuticals Announces Temporary Stay in Efudex Case Posted 4:16 PM PST
LAKE FOREST--- Comarco's Symphony Line of Products Awarded 'Product of the Year in Telecommunications' by AeA, the Largest High-Tech Trade Association in the U.S. Posted 6:44 AM PST
COSTA MESA--- CNS Response, Inc. Names William E. Bunney, Jr., MD to Scientific Advisory Board Posted 6:40 AM PST
NEWPORT BEACH--- TriZetto Constituent Software Differentiates Payers and Improves Coordination of Care Across U.S. Healthcare System Posted 6:35 AM PST
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