| Sagent Pharmaceuticals announces FDA approval of LABETALOL Hydrochloride Injection, USP |
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| Monday, 08 February 2010 | |||||
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SCHAUMBURG, IL. Sagent Pharmaceuticals, Inc., a privately held
specialty pharmaceutical company, today announced that it has received
FDA approval of labetalol hydrochloride (HCl) injection, USP, commonly
used to control severe hypertension. The product will be available in
two vial sizes – 100 mg per 20 mL and 200 mg per 40 mL, multi-dose
vials. According to the American Heart Association, more than 70
million Americans have hypertension, or high blood pressure. IMS
estimates that 2009 sales of labetalol HCl injection in the United
States approximated $9 million. Sagent expects to launch the product
shortly.
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 emphasis 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. To Discover Injectables Excellence™ and learn more about Sagent, please visit www.SagentPharma.com. About Strides Arcolab, Ltd. Strides Arcolab, listed on the Bombay Stock Exchange Limited (532531) and National Stock Exchange of India Limited (STAR), is a global pharmaceutical company headquartered in Bangalore, India that develops and manufactures a wide range of IP-led niche pharmaceutical products with an emphasis on sterile injectables. The company has 14 manufacturing facilities across six countries, including its joint venture with Aspen in India and has a marketing presence in more than 60 countries in developed and emerging markets. Manufacturing is ably supported by a 350-scientist strong global R&D Centre located in Bangalore. Additional information is available at the company’s website at www.stridesarco.com .
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