Sprout Pharmaceutical's $1 Billion little pink pill - Ep 186
FemTech Focus7 Nov 2022

Sprout Pharmaceutical's $1 Billion little pink pill - Ep 186

Cindy Eckert is a highly regarded entrepreneur, a strong advocate for female entrepreneurship, a pharmaceutical leader and one of the few women to have ever sold a company for a billion dollars. Over a distinguished 24-year career in healthcare, she started and sold two businesses for more than $1.5 billion. Having co-founded and sold Slate Pharmaceuticals, which redefined long lasting testosterone treatment for men, she launched Sprout Pharmaceuticals immediately thereafter. As Co-Founder & CEO of Sprout, the company broke through with the first ever FDA-approved drug for low sexual desire in women named Addyi — dubbed “female Viagra” by the media. In 2015, Cindy sold the company to Valeant Pharmaceuticals for $1b cash. Shortly after the sale, Valeant became the subject of media scrutiny for the rampant price inflation of their drugs and an SEC investigation related to accounting practices. Not one to sit idly by, Cindy negotiated to reacquire Addyi at no cost, in order to properly launch it into marketplace on her own terms. Today, Cindy is focused on mentoring, investing in, launching and building other women-led or focused businesses. In 2016, she opened the doors to The Pink Ceiling — a cross between a VC firm, a ‘pinkubator,’ and a consulting enterprise — where she is CEO. At The Pink Ceiling, she has personally invested $15m across 10 different health tech companies at various stages of development.

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