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Spectrum sells injectable generic drugs to Sagent

Spectrum Pharmaceuticals has sold its abbreviated new drug applications for its injectable generic drugs, ondansetron, carboplatin, fludarabine, and mitoxantrone, to Sagent Pharmaceuticals.

Rajesh Shrotriya, chairman, president and CEO of Spectrum, said: “The sale of these non-core assets provides additional non-dilutive funding which will be used to further fund the advancement of our late stage clinical programs.”