*By Max Godnick*
Sex, drugs, and $1 billion.
That was the title of Cindy Eckert's presentation at the Cornell eShip Summit in New York City on Friday. But it would also be a fitting title for her life story.
Eckert is best known as the the creator of [Addyi](http://time.com/5448807/female-desire-pill/), the female libido-enhancing pill commonly referred to by the media as "female Viagra."
Eckert, who is also the founder and CEO of The Pink Ceiling, an incubator for female-led start-ups, [sold Sprout Pharmaceuticals](https://www.nytimes.com/2015/08/21/business/dealbook/valeant-pharmaceuticals-to-buy-sprout-maker-of-addyi-female-viagra-drug.html) ー and Addyi along with it ー to Valeant Pharmaceuticals, now Bausch Health, for $1 billion in 2015. Complaints about the company's marketing and pricing of the drug led the original team to sue, and ultimately reach a settlement in which Sprout returned to its original shareholders.
Now that she's back as CEO, the first order of business is to correct the misconception that Addyi is the female Viagra.
"With Viagra, we're talking about a mechanical blood flow issue, with Addyi we're talking about desire," Eckert told Cheddar's Tim Stenovec of the difference.
When Addyi launched in 2015, there were 26 FDA-approved male sexual-enhancement drugs on the market, compared to just one for women. Eckert said the disparity speaks to the "societal narrative" of sex and how it's spoken about in everyday life.
"If something goes wrong for men in the bedroom, we immediately accept that it's biological," she said. "If something goes wrong for women in the bedroom, we think it's psychological."
With Eckert back at the helm, Addyi is now more accessible than ever. She said she did a "radical thing" for a drug company in immediately cutting the price in half. Now thirty pills retail for around $400. Insured customers pay no more than $25 a month, while those without coverage will never pay more than $99 a month.
Instead of a relaunch, Eckert refers to Sprout's new era as a "real launch."
"What was I going to do?" she asked. "Sit on the sidelines and just be frustrated that my team had fought so hard to overcome all of the societal bias, and finally having a drug for women breakthrough, and then the women who needed it didn't have access to it? Not my style."
The 116th Congress might be slightly more her speed.
This week's midterm elections saw a [record number of women](https://cheddar.com/videos/women-win-big-in-pink-tsunami-midterms) elected to the chamber. Eckert, who has devoted her career to improving access to capital for female-led start-ups, said she thinks the increased representation on Capitol Hill will only pay dividends for women at the negotiating table.
"It's indisputable that when you have diversity of thought at the table you're going to get to better outcomes," she said.
For full interview [click here](https://cheddar.com/videos/cindy-eckert-returns-as-ceo-of-company-she-sold-for-1-billion).
Ford is recalling more than 355,000 of its pickup trucks across the U.S. because of an instrument panel display failure that’s resulted in critical information, like warning lights and vehicle speed, not showing up on the dashboard.
Nvidia reported a 56% increase in second-quarter revenue and a 59% rise in net income compared to a year ago.
The Rev. Al Sharpton is set to lead a protest march on Wall Street to urge corporate America to resist the Trump administration’s campaign to roll back diversity, equity and inclusion initiatives. The New York civil rights leader will join clergy, labor and community leaders Thursday in a demonstration through Manhattan’s Financial District that’s timed with the anniversary of the Civil Rights-era March on Washington in 1963. Sharpton called DEI the “civil rights fight of our generation." He and other Black leaders have called for boycotting American retailers that scaled backed policies and programs aimed at bolstering diversity and reducing discrimination in their ranks.
President Donald Trump's administration last month awarded a $1.2 billion contract to build and operate what's expected to become the nation’s largest immigration detention complex to a tiny Virginia firm with no experience running correction facilities.
Netflix CEO Ted Sarandos claims audiences don't want to watch Netflix movies in theaters, but that seems not to be the case recently.
Chipmaker Nvidia is poised to release a quarterly report that could provide a better sense of whether the stock market has been riding an overhyped artificial intelligence bubble or is being propelled by a technological boom that’s still gathering momentum.
Cracker Barrel said late Tuesday it’s returning to its old logo after critics — including President Donald Trump — protested the company’s plan to modernize.
Low-value imports are losing their duty-free status in the U.S. this week as part of President Donald Trump's agenda for making the nation less dependent on foreign goods. A widely used customs exemption for international shipments worth $800 or less is set to end starting on Friday. Trump already ended the “de minimis” rule for inexpensive items sent from China and Hong Kong, but having to pay import taxes on small parcels from everywhere else likely will be a big change for some small businesses and online shoppers. Purchases that previously entered the U.S. without needing to clear customs will be subject to the origin country’s tariff rate, which can range from 10% to 50%.
Southwest Airlines will soon require plus-size travelers to pay for an extra seat in advance if they can't fit within the armrests of one seat. This change is part of several updates the airline is making. The new rule starts on Jan. 27, the same day Southwest begins assigning seats. Currently, plus-size passengers can pay for an extra seat in advance and later get a refund, or request a free extra seat at the airport. Under the new policy, refunds are still possible but not guaranteed. Southwest said in a statement it is updating policies to prepare for assigned seating next year.
Cracker Barrel is sticking with its new logo. For now. But the chain is also apologizing to fans who were angered when the change was announced last week.
Load More