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HEALTHCARE | Drug Development
sproutpharmaceuticals.com

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Founded Year

2011

Stage

Convertible Note | Alive

Total Raised

$122.38M

Last Raised

$12.4M | 1 yr ago

About Sprout Pharmaceuticals

Sprout Pharmaceuticals is focused on the commercialization of products that address unmet medical needs in the field of female sexual health.

Sprout Pharmaceuticals Headquarter Location

4350 Lassiter at North Hills Ave. Suite 260

Raleigh, North Carolina, 27609,

United States

844-746-5745

Latest Sprout Pharmaceuticals News

Raleigh’s Sprout Pharma has raised $12M, seeing over 100% growth, says CEO

Sep 17, 2021

RALEIGH – Raleigh-headquartered  Sprout Pharmaceuticals  has raised a little more than $12 million, company CEO Cindy Eckert confirmed to WRAL TechWire this week. According to an SEC filing , the company is raising debt financing and has 64 investors thus far. The company could raise about $6 million more. According to Eckert, the round includes convertible notes with existing shareholders. “I’m really excited about what is going on in the company right now,” Eckert told WRAL TechWire. “These new funds are going to further fuel the hyper growth we’re seeing in the company.” How much growth? Eckert said the company is in the midst of experiencing more than 100% year-over-year growth, noting that one reason why the company is seeing growth was its foresight in identifying a trend toward telemedicine prior to the onset of the global COVID-19 pandemic. “Sprout’s proprietary digital platform that gives women access to doctors via telemedicine to see if Addyi is right for them is seeing impressive growth,” Eckert noted. “Identifying the trend toward telemedicine years before the pandemic has really paid off for the business.” The company plans to double its sales organization in the next year, said Eckert.

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Expert Collections containing Sprout Pharmaceuticals

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Sprout Pharmaceuticals is included in 2 Expert Collections, including Women's Health & Wellness.

W

Women's Health & Wellness

1,445 items

Startups focused on providing products and services catering to women's health and wellbeing.

B

Biopharma Tech

15,532 items

Companies involved in the research, development, and commercialization of chemically- or biologically-derived therapeutic & theranostic drugs. Excludes vitamins/supplements, CROs/clinical trial services.

Sprout Pharmaceuticals Patents

Sprout Pharmaceuticals has filed 43 patents.

The 3 most popular patent topics include:

  • Piperazines
  • Fluoroarenes
  • Psychiatric diagnosis
patents chart

Application Date

Grant Date

Title

Related Topics

Status

4/30/2020

7/13/2021

Psychiatric diagnosis, Piperazines, Food additives, Dosage forms, Fluoroarenes

Grant

Application Date

4/30/2020

Grant Date

7/13/2021

Title

Related Topics

Psychiatric diagnosis, Piperazines, Food additives, Dosage forms, Fluoroarenes

Status

Grant

Sprout Pharmaceuticals Web Traffic

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