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Deal Watch: Troubled Antibiotics Maker Cempra Exploring Strategic Options

 
• By Joseph Haas and Lucie Ellis-Taitt

North Carolina biotech may need to conduct a 9,000-patient safety study after solithromycin was rejected by FDA, but it has $231m in cash and another Phase III candidate. Apricus is clearing financial room by transferring ex-US rights to Vivaros to Ferring, while Heat is acquiring former spinout Pelican.

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Scrip regularly covers business development and deal-making in the biopharmaceutical industry. Below is a roundup of some of the most noteworthy recent transactions that occurred between March 7 and 13. Deal Watch is supported by deal intelligence from Strategic Transactions.

Stuck between a rock and a hard place, troubled clinical-stage antibiotic firm Cempra Inc. has retained Morgan Stanley to...

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