Pharma BD Deal Intelligence

Cubist Pharmaceuticals, Inc. / Trius Therapeutics Inc.

2013 · Acquisition/Merger · $707M · Complete

Tedizolid won FDA approval as Sivextro in 2014, validating Cubist's $707M bet on Trius—but Merck's $8.3B buyout of Cubist just 16 months later buried the asset before it could scale, and by 2020 Merck outsourced U.S. sales entirely to Nabriva, whose $23.8M 2021 revenue confirmed Sivextro stayed a commercial afterthought.

WRONG BY 39 POINTS
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The coverage arc

Jul 30, 2013 Business Wire (Cubist Pharmaceuticals) Bullish

Cubist Pharmaceuticals to acquire Trius Therapeutics for $13.50 per share, approximately $707 million, adding the highly complementary late-stage antibiotic…

Jul 30, 2013 SEC EDGAR (Trius Form SC TO-C) Neutral

Trius Therapeutics tender-offer communication describing the Cubist acquisition terms of $13.50 per share in cash plus a contingent value right for up to an…

Jun 20, 2014 Wikipedia (citing FDA label and primary literature) Bullish

Tedizolid is 4-to-16-fold more potent against staphylococci and enterococci than linezolid, was approved under the GAIN Act with five extra years of market…

Source summaries from our enrichment pipeline; follow links for originals.

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Cubist to acquire Trius at $13.50/share cash (~$707M fully diluted); added late-stage tedizolid antibiotic plus preclinical antibiotic programs to anti-infective portfolio.

Did it work? Outcome assessment

Strategic verdict
Achieved Stated Rationale
Financial impact
Neutral
Trius's lead asset tedizolid was fully absorbed into Cubist and won FDA approval as Sivextro in June 2014, validating the deal thesis. Cubist itself was then acquired by Merck for ~$9.5B in January 2015, folding the asset into Merck's hospital-antibiotics portfolio. Sivextro became a modest commercial product rather than a blockbuster; sales were never broken out separately by Merck. The deal carried a CVR of up to $2.00/share tied to commercial milestones.
Pipeline outcome
Assets Advanced
Tedizolid (Sivextro) received a unanimous (14-0) FDA advisory committee endorsement and FDA approval in June 2014 for acute bacterial skin and skin structure infections, plus a positive EU CHMP opinion in January 2015. The asset advanced from late-stage development to marketed product within the window.

Key facts

Disease & market context

Acute Bacterial Skin and Skin Structure Infections (ABSSSI)

870K US cases/yr

Disease Overview

ABSSSI are bacterial infections of the skin and underlying tissues, frequently caused by Staphylococcus aureus including community- and hospital-acquired MRSA. They drive a large share of US hospitalizations and ambulatory infectious-disease visits, and the rise of MRSA has made simple skin infections harder to treat empirically.

Competitive Landscape

The ABSSSI / Gram-positive antibiotic landscape in 2013 was anchored by Pfizer's Zyvox (linezolid), the first-generation oxazolidinone and reference comparator, alongside Cubist's own Cubicin (daptomycin) IV lipopeptide and generic vancomycin. Newer entrants targeted shorter dosing and oral/IV switches: Durata's Dalvance (dalbavancin) and The Medicines Company's Orbactiv (oritavancin) — both long-acting lipoglycopeptides — were in late-stage development, and Theravance's Vibativ (telavancin) was already approved. Tedizolid (Sivextro) was positioned as a second-generation oxazolidinone with 4–16x greater potency vs. linezolid against staphylococci/enterococci, once-daily dosing, and a six-day course versus Zyvox's twice-daily, 10-day regimen. For Cubist, the Trius deal layered tedizolid on top of Cubicin's daptomycin franchise, giving the company an oral/IV oxazolidinone to bracket the MRSA market and replace Cubicin's eroding exclusivity. The asset later won FDA approval in June 2014 as Sivextro under the GAIN Act, validating the deal thesis.

Related deals — scored

DealYearValueOutcome
Cubist Pharmaceuticals, Inc. / Trius Therapeutics Inc. (this deal)2013$707M44
Cubist Pharmaceuticals, Inc. / Calixa Therapeutics, Inc.2009$402M52
Cubist Pharmaceuticals, Inc. / Adolor Corporation2011$415M49
Cubist Pharmaceuticals, Inc. / Optimer Pharmaceuticals, Inc.2013$801M45
Pfizer Inc. / BioNTech SE2020$748M100
Gilead Sciences Inc. / Pharmasset Inc.2011$11.2B98
Abbott Laboratories / Alere Inc.2016$5.8B95

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