Sagent Pharmaceuticals Named NOVAPLUS(R) Pharmacy Supplier of the Year


SCHAUMBURG, Ill., March 6, 2012 (GLOBE NEWSWIRE) -- Sagent Pharmaceuticals (Nasdaq:SGNT) has been named NOVAPLUS® Pharmacy Supplier of the Year by Novation, the health care industry's leading supply contracting company. This prestigious award recognizes Sagent's superior service in supplying key pharmaceutical products to the health care organization members of Voluntary Hospitals of America (VHA) and University HealthSystem Consortium (UHC).

"Sagent Pharmaceuticals is truly honored to receive the NOVAPLUS® Pharmacy Supplier of the Year Award from such an important customer," said Jeffrey M. Yordon, chief executive officer, founder, and chairman of the board of Sagent. "The Sagent team has worked diligently to ensure continuous supply of critical drugs to the members Novation serves. Each and every one of Sagent's employees is committed to meeting the requirements of our customers and this award reflects that commitment."

The criteria used by Novation to determine the winner of the NOVAPLUS® Pharmacy Supplier of the Year award are: 1) value brought to members; 2) willingness of supplier to collaborate with Novation to meet member needs; 3) participation in and support of the NOVAPLUS® brand; 4) level of customer service provided; and 5) supplier product quality.

"Sagent Pharmaceuticals has received the NOVAPLUS® Pharmacy Supplier of the Year Award in recognition of its exceptional reliability and commitment to helping the members served by Novation achieve their pharmaceutical supply chain goals," explained Pete Allen, Senior Vice President, Sourcing Operations, Novation. "Sagent Pharmaceuticals has truly exemplified the attributes set forth in the award criteria."

About Sagent Pharmaceuticals

Sagent Pharmaceuticals, Inc., founded in 2006, is a specialty pharmaceutical company focused on developing, manufacturing, sourcing and marketing pharmaceutical products, with a specific emphasis on injectable products. Sagent has created a unique, global network of resources, comprised of rapid development capabilities, sophisticated manufacturing and innovative drug-delivery technologies, quickly yielding an extensive portfolio of pharmaceutical products that fulfills the evolving needs of patients.

About Novation

Founded in 1998, Novation is the leading health care supply contracting company for the more than 65,000 members of VHA Inc. and UHC, two national health care alliances, and Provista, LLC. Novation provides alliance members sourcing services, as well as information and data services. Based in Irving, Texas, Novation develops and manages competitive contracts with more than 600 suppliers. VHA, UHC and Provista members used Novation contracts to purchase more than $40 billion in 2011. Novation recently earned the coveted Ethics Inside® Certification from the Ethisphere Institute, a leading international think tank dedicated to the research and promotion of best practices in corporate ethics and compliance, and is the only health care GPO to earn this distinction.



            

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