SCHAUMBURG, 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.