Sagent begins initial public offering of 5,000,000 shares of common stock

Sagent Pharmaceuticals (the "Company"), announced that it has commenced an initial public offering of 5,000,000 shares of common stock.  

The estimated range for the initial public offering price is $14.00 to $16.00 per share.  The Company has applied to list its common stock on The NASDAQ Global Market under the proposed symbol "SGNT." The Company has granted the underwriters a 30-day option to purchase up to an additional 750,000 shares of common stock on the same terms and conditions.  The Company intends to use substantially all of the net proceeds from this offering for general corporate purposes.

Morgan Stanley & Co. Incorporated, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Jefferies & Company, Inc. will act as the joint bookrunners for the offering.  Needham & Company, LLC and RBC Capital Markets, LLC will act as the co-managers for the offering.  The offering will be made only by means of a prospectus, copies of which may be obtained from Morgan Stanley & Co. Incorporated, 180 Varick Street, New York, NY 10013, by telephone at (917) 606-8474, or by e-mail at [email protected]; from Merrill Lynch, Pierce, Fenner & Smith Incorporated, 4 World Financial Center, New York, NY 10080, Attention: Prospectus Department, or by e-mail at [email protected]; or from Jefferies & Company, Inc., 520 Madison Avenue, 12th Floor, New York, NY 10022, Attention: Equity Syndicate Prospectus Department, by telephone at (877) 547-6340, or by e-mail at [email protected].