Product Reports Resources Pricing Login Book a demo
COMPANY PROFILE

STERRX

Explore full profile

A manufacturer of sterile liquid pharmaceuticals that eliminates human contact with the manufacturing and packaging processes and replace it with robotic automation

Town of Plattsburgh, United StatesFounded 2013Biotech & Life Sciences
Valuation $50–100M Last recorded · 2017
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for STERRX and the history behind them.

About STERRX

STERRX, founded in 2013 by Dr. Gary Hanley, operated as a privately held manufacturer of sterile liquid pharmaceuticals based in Plattsburgh, New York. The company established itself as a contract manufacturing organization, registered with the FDA under section 503b, to provide compounded sterile drug products. Its client base primarily consisted of hospitals, clinics, and doctor's offices.

The company's production process centered on the use of automated blow-fill-seal machines. This technology was designed to create plastic packaging from resin and fill each unit within a sterile, enclosed environment, thereby aiming to eliminate human contact and reduce the potential for contamination. SterRx's capabilities included manufacturing a variety of products such as single-dose vials, ophthalmic doses, and pre-filled syringes and IV bags ranging from 50 mL to one liter.

A significant milestone in the company's trajectory was securing a contract award valued at an estimated $1 billion, which fueled a period of rapid expansion. This growth included leasing a 60,000-square-foot warehouse to complement its existing 50,000-square-foot manufacturing plant. However, the company's operations encountered substantial difficulties. In 2021, SterRx initiated a voluntary recall for three lots of sodium bicarbonate due to microbial contamination. This was followed by a much larger recall of approximately 240 lots of various products due to equipment and process issues that compromised sterility assurance. FDA inspections uncovered "serious deficiencies" in its sterile production practices, leading to a warning letter in July 2022 that detailed issues such as insanitary conditions and substandard manufacturing processes.

Citing economic reasons, SterRx officially closed its Plattsburgh facilities in August 2023, resulting in the layoff of its entire 161-person workforce. The closure followed the acquisition of SterRx's parent company, Sagent, by another global pharmaceutical firm that chose to focus on other lines of business.

Source: Dealroom company data

At a glance

Status
Closed
Founded
2013
Headquarters
Town of Plattsburgh, United States
Employees
51
Open positions
None listed
Dealroom signal
0.0/100
Industry
Health, Robotics
Sub-industry
Pharmaceutical
Sector
Biotech & Life Sciences, Biotechnology, Biotech and Pharma, Hard Tech, DT and LS, science-based
Technology
Deep Tech
Business model
Manufacturing
Client focus
b2b
Links
Website

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VC✓Equity / VC Sep 2017 $15M $60M Undisclosed —
SEEDEquity / VC Mar 2016 $3M $12M Undisclosed —
Showing the latest 2 of 3 recorded eventsBook a demo for the full funding history →

Growth signals

STERRX website traffic

Latest recorded traffic for STERRX is 230 monthly website visits, down 20.7% over the last three months. STERRX's team grew 0% over the past year.

Latest monthly visits230 3-month web change-20.7% 1-year team growth0%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Team profiled 1 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Town of Plattsburgh HQ
Book a demo for the full country breakdown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about STERRX on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

See STERRX’s full profile on Dealroom

Request a free trial to see the complete deal history, financials, people graph and growth signals.

Takes under a minute. Already use Dealroom? Log in.