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Two for the price of two: Cubist fronts $1.24b for Trius, Optimer

 
• By Mandy Jackson

Why buy one antibiotic developer when you can buy two? Cubist Pharmaceuticals will spend up to $1.62 billion for Trius Therapeutics and Optimer Pharmaceuticals, whose lead drugs Cubist believes will generate $600 million to $1 billion in combined annual revenue at their peak.

Why buy one antibiotic developer when you can buy two? Cubist Pharmaceuticals will spend up to $1.62 billion for Trius Therapeutics and Optimer Pharmaceuticals, whose lead drugs Cubist believes will generate $600 million to $1 billion in combined annual revenue at their peak.

Cubist agreed to pay Trius investors $13.50 per share for a total of $707 million and offered Optimer stockholders $10.75...

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