QUOTE AND NEWS
The Globe and Mail  Nov 2  Comment 
Allan Oberman will take over the post on Nov. 14
Reuters  Aug 29  Comment 
* Says it completed full acquisition of Sagent Pharmaceuticals, Inc. via takeover bid, effective Aug. 29(the U.S. time)
Reuters  Aug 1  Comment 
* Commences all-cash tender offer of $21.75 net per share to acquire all outstanding shares of Sagent Pharmaceuticals, Inc Source text for Eikon: Further company coverage:
Benzinga  Jul 11  Comment 
The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday July 11, 2016: Nichi-Iko Pharmaceutical Co. to Acquire Sagent Pharmaceuticals for $21.75/Share in Cash The Deal: Nichi-Iko Pharmaceutical Co., Ltd...
Motley Fool  Jul 11  Comment 
Nichi-Iko Pharmaceutical Co., Ltd and Sagent Pharmaceuticals are tying the knot.
Benzinga  Jul 11  Comment 
  Sagent Pharmaceuticals Inc (NASDAQ: SGNT) surged 39.35 percent to $21.60. The volume of Sagent Pharmaceuticals shares traded was 7755 percent higher than normal. Sagent Pharmaceuticals agreed to be acquired by Nichi-Iko Pharmaceutical...
Reuters  Jul 11  Comment 
* Nichi-Iko pharmaceutical Co, Ltd to acquire Sagent Pharmaceuticals for $21.75 per share in all cash transaction
Reuters  Jun 16  Comment 
* Sagent Pharmaceuticals acquires product portfolio from Teva Pharmaceutical Industries Ltd




 
TOP CONTRIBUTORS

Sagent Pharmaceuticals (NASDAQ:SGNT) is a pharmaceutical company which sells injectable drugs. Sagent focuses on the generic injectable market in particular. In addition to selling and marking the drugs, Sagent also develops them and brings them through the Food and Drug Administration (FDA) approval process. With its first drug approved in 2007, Sagent has had an increasing number of drugs approved from then until is IPO.[1]

Sagnet focuses on developing generic drugs and therefore uses the Abbreviated New Drug Application (ANDA) process with the FDA. This process consists of the approval of an existing drug but simply in its generic form. Because they are the generic form of an existing drug, the approval process generally does not require the preclinical (animal) and clinical (human) trials. Instead, they must demonstrate similarity to the existing drug. By going through the ANDA process, the rate of approval is far greater and the intensity of research is lower for Sagent. However, the company may only apply for an ANDA when the patent on the non-generic version has expired.[2]

The company's initial public offering of stock on the NASDAQ occurred on April 19, 2011. The company offered 5.8M shares each for $16. This was at the high end of the initial price range of $14-$16. This brought the total deal size to $92M. The lead underwriters of the deal were Morgan Stanley (MS), Bank of America (BAC), and Jefferies Group (JEF).[3]

For the full year 2010, Sagent reported a total revenue of $74M. This was a substantial increase over the total revenue of $29M in 2009. However, the company reported a net loss for 2010 of $24.5M.[4]

References

  1. SGNT S-1/A 2011 PROSPECTUS SUMMARY "Overview" pg 1
  2. SGNT S-1/A 2011 PROSPECTUS SUMMARY "Our Competitive Strengths" pg 3-5
  3. Renaissance Capital - IPO Home "Sagent Pharmaceuticals prices upsized IPO at $16, high end of the range" 20 April 2011
  4. SGNT S-1/A 2011 PROSPECTUS SUMMARY "SUMMARY HISTORICAL CONSOLIDATED FINANCIAL DATA" pg 9
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