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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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| Wednesday, July 16, 2008 |
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IRVINE--- Skylink, Leader in Wireless Automation Products, Announces INSTEON Motion Sensor Posted 2:59 PM PST
IRVINE--- Endologix Appoints Vice President of Sales Posted 2:58 PM PST
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| Tuesday, July 15, 2008 |
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ALISO VIEJO--- The Datalocking Company Unveils Secure Private Messaging Service Posted 5:12 PM PST
DANA POINT--- Founders of Orange County California Internet Company Chiefmall.com Aim to Localize All Contractors Worldwide on the Web Posted 5:02 PM PST
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| Monday, July 14, 2008 |
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FOUNTAIN VALLEY--- Kingston Technology Adds 8GB microSDHC Cards to Growing Mobile Phone Memory Family Posted 3:03 PM PST
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| Friday, July 11, 2008 |
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IRVINE--- Edwards Lifesciences' Board Approves New $250 Million Share Repurchase Program Posted 8:23 AM PST
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| Thursday, July 10, 2008 |
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ORANGE--- Sky440 Ends Negotiations With Sky Electronics Posted 2:57 PM PST
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| Wednesday, July 9, 2008 |
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COSTA MESA--- Oxygen Biotherapeutics Provides Update on Recent Events and Phase Iib Oxycyte Clinical Trial Posted 8:43 PM PST
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SANTA ANA--- Iteris Awarded $2.7 Million Bus Rapid Transit Project for the Orange County Transportation Authority Posted 7:02 AM PST
IRVINE--- Epicor Wins START-IT Magazine’s 2008 Power of Partnership Award Posted 7:01 AM PST
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| Tuesday, July 8, 2008 |
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IRVINE--- Intellian Technologies, Inc. Announces U.S. Launch, Opens Headquarters for the Americas in Irvine, California Posted 4:38 PM PST
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| Monday, July 7, 2008 |
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IRVINE--- IOGEAR's Universal Memory Banks Simplify Transfers Between Portable Multimedia Devices and Computers Posted 6:41 AM PST
TUSTIN--- FDA Grants AMDL Clearance to Market the AMDL-ELISA DR-70 (FDP) Blood Test for Monitoring Colorectal Cancer Posted 6:40 AM PST
ANAHEIM--- Location Based Technologies Receives Laboratory GSM-Type Approval for PocketFinder Products Posted 6:26 AM PST
FULLERTON--- David Gadberry Joins KETIV Technologies as Director of Technical Operations Posted 6:25 AM PST
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