Healthcare Industry News: Sagent Pharmaceuticals
News Release - February 8, 2010
Sagent Pharmaceuticals Announces FDA Approval of Labetalol Hydrochloride Injection, USPSCHAUMBURG, Ill., Feb. 8 -- (Healthcare Sales & Marketing Network) -- 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.
"Another product of our joint venture with Strides Arcolab, labetalol is an important addition to our specialty injectable portfolio and enhances our cardiovascular care offering," said Jeffrey M. Yordon, Sagent's chief executive officer founder and chairman of the board. "Our labetalol features Sagent's proprietary PreventIV Measures labeling and packaging. With our distinctive labeling designs and easy to read drug name and dosage information, we are striving to help reduce medication errors. Further, labetalol HCl injection is latex-free, helping to prevent potential allergic reactions in patients and health care providers."
Labetalol is the third product launched under Sagent's partnership with Strides Arcolab. Under this joint venture partnership, Sagent and Strides Arcolab are jointly developing, supplying and marketing more than 25 injectable products for the U.S. market.
About Labetalol Hydrochloride
Sagent's labetalol HCl Injection is the generic equivalent of Prometheus Laboratories' Trandate® (labetalol HCl) Injection. Labetalol HCl Injection is an adrenergic receptor blocking agent that has both selective alpha1-adrenergic and nonselective beta-adrenergic receptor blocking actions that is used to control blood pressure in severe hypertension.
Labetalol HCl Injection is contraindicated in bronchial asthma, overt cardiac failure, greater than first degree heart block, cardiogenic shock, severe bradycardia, other conditions associated with severe and prolonged hypotension, and in patients with a history of hypersensitivity to any component of the product. Beta-blockers, even those with apparent cardioselectivity, should not be used in patients with a history of obstructive airway disease, including asthma.
The package insert, which is available at http://www.SagentPharma.com/, contains detailed information about the indication, warnings, complete side effect profile and prescribing information.
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 http://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 http://www.stridesarco.com/.
Source: Sagent Pharmaceuticals
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