Sagent Pharmaceuticals raises $30 million; total Series A round to $113 million

Sagent Pharmaceuticals logoSCHAUMBURG, Illinois — Injectable drug manufacturer Sagent Pharmaceuticals closed its second $30 million Series A extension this week to help launch new products and other activities, the company stated.

Sagent originally raised $53 million in its first round in September 2007 and followed a year later with a $30 million extension. Vivo Ventures has lead each portion of this first-round fund raise.

The company has nine injectables for cardiovascular and anti-bacterial treatments in the market, six of which were launched in 2008. It launched an injectable Cefazolin, an antibiotic to treat infections, in February.

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Sagent stated in its most recent release that it expects to have 20 products launched by year’s end.

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Chris Seper

Chris Seper

Chris Seper is the president and a co-founder of MedCity News. Reach him at chris@medcitynews.com.

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[...] Illinois — Injectables manufacturer Sagent Pharmaceuticals — fresh off $30 million investment — has added a $15 million revolving credit facility. The company said only the funding would [...]

Comment by Sagent adds $15 million revolving credit to earlier venture raise : MedCity News — June 22, 2009 @ 12:51 pm

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