Who: AcelRx Pharmaceuticals/Tetraphase Pharmaceuticals
AcelRx Obtains Troubled Antibiotic Firm Tetraphase In Stock Swap
Deal Snapshot: Unable to make a go of selling novel antibiotic Xerava, Tetraphase’s product and commercial team will be absorbed into AcelRx in $14.4m deal.

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Sanofi sold a 50% stake in consumer health unit Opella for €10bn, backing its shift to prescription drugs and funding a €5bn buyback.