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Sprout Pharmaceuticals, Inc. News
The latest news, announcements and press releases from Sprout Pharmaceuticals, Inc..
Sprout shareholders say company has set price too high, not marketing pill properly
Valeant/Sprout fails to satisfy investors in ‘female viagra’
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Sprout CEO Whitehead departs Valeant
In August, female libido drug maker Sprout agreed to a $1 billion buyout from Valeant ($VRX) that would make it a division of the Canadian pharma run by its current CEO, Cindy Whitehead. Now, though--less than four months later--Whitehead is on her way out.
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Valeant Pharmaceuticals To Acquire Sprout Pharmaceuticals
Laval, Quebec and Raleigh, NC — August 20, 2015 — Valeant Pharmaceuticals International, Inc. (NYSE: VRX) (TSX: VRX) and Sprout Pharmaceuticals, Inc. today announced that they have entered into a definitive agreement under which a wholly-owned subsidiary of Valeant will acquire Sprout, on a debt-free basis, for approximately $1 billion in cash, plus a share of future profits based upon the achievement of certain milestones.
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Sprout Pharmaceuticals Receives FDA Approval of ADDYI™ (Flibanserin 100 MG)
Raleigh, N.C. – August 18, 2015 – Sprout Pharmaceuticals, Inc. (Sprout) announced today that the U.S. Food and Drug Administration (FDA) has granted approval of Addyi™ (flibanserin 100 mg) (pronounced add-ee), a once-daily, non-hormonal pill for the treatment of acquired, generalized hypoactive sexual desire disorder (HSDD) in premenopausal women. Addyi is the first and only FDA-approved treatment for this condition, the most common form of female sexual dysfunction, affecting up to 1 in 10 women in the United States.1
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