@ Sprout Pharmaceuticals raises $5M | SEBIO

Sprout Pharmaceuticals raises $5M

Posted by on Mar 22, 2012

RALEIGH, NC – Sprout Pharmaceuticals Inc. has raised $5 million through a private stock offering, according to documents filed with the U.S. Securities and Exchange Commission    on Wednesday.

Sprout focuses on commercializing products that address unmet medical needs in the field of female sexual health, according to its website. Sprout was formed in 2011 as a spin-off of Slate Pharmaceuticals.

Sixty-one investors participated in the fundraiser, according to the filing.

CEO Robert Whitehead was not available for comment, nor was CFO Matthew Petzold.

http://www.bizjournals.com/triangle/blog/2012/03/sprout-pharmaceuticals-raises-5m.html

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