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Sprout Pharmaceutical’s $1 Billion little pink pill – Ep 186

FemTech Focus

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…
November 7, 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. The New York Times called her pharmaceutical product the “drug of a generation” and Fortune called her a “tireless force of nature.” Associates of hers call her unapologetically pink.

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.  Everyone that was a part of the original Slate team was gifted shares in Sprout.

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. Not only did she reacquire the drug, she also secured a $25m loan from Valeant to fund initial operating expenses.

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.

Cindy’s work has been featured in countless major publications including The New York Times, Fast Company, Financial Times, Vanity Fair, Bloomberg, CNBC, CBS, Fox, Yahoo and on the cover feature of Entrepreneur Magazine. Cindy has been an invited speaker at Fortune’s Most Powerful Women, the Fast Company Innovation Festival, Ad Week, Inc. Magazine, and many more. She is on a mission to speak to as many women as possible about what it takes to achieve breakthrough business success. It’s no surprise that JJ Ramberg, the host of MSNBC’s Your Business says that “Cindy is one of our favorite guests. Though she has reached a level of success as a founder that most can only dream of, she is incredibly relatable and honest about what it takes to run a business.  She offers the perfect combination of inspiration and advice and it’s hard to come away from listening to Cindy speak without wanting to hear more.”

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FemTech Focus Bio:

FemTech Focus is a 501c3 non-profit organization founded to bring awareness externally and internally for the FemTech industry and to empower the key stakeholders including entrepreneurs, investors, physicians, governments, and biopharma with resources and research to elevate women’s health and wellness globally. Subscribe and Donate: www.femtechfocus.org

FemTech Focus Podcast Description:

The FemTech Focus Podcast with Dr. Brittany Barreto is a meaningfully provocative conversational series that brings women’s health experts – including doctors, scientists, inventors, and founders – on air to talk about the innovative technology, services, and products that are improving women, female, and girl’s health and wellness, collectively known as FemTech. The podcast gives the host, Dr. Brittany Barreto, and guests an engaging, friendly environment to learn about the past, present, and future of women’s health and wellness. 

 

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