Cubist Pharmaceuticals

Antifungals and immunotherapy: Cidara Therapeutics raises $42M Series B

San Diego biotech Cidara Therapeutics just raised an impressive $42 million Series B round –  with plans to speed up development of its antifungal and immunotherapy drugs, and bring them to clinical trial later this year. The startup has two antifungal programs underway – called Biafungin and Topifungin. Biafungin is meant to be a once-weekly intravenous […]

Pharma

Cubist Pharmaceuticals to buy Pennsylvania drug company for $190M

Cubist Pharmaceuticals (NASDAQ:CBST)  has agreed to purchase Exton, Pennsylvania-based Adolor (NASDAQ:ADLR) in a $190 million deal. Adolor markets Entereg (alvimopan), a  U.S. Food and Drug Administration-approved therapy that accelerates the recovery time following partial large- or small-bowel resection surgery. The drug is an oral, peripherally acting mu-opioid receptor antagonist. In the year to June 30, […]

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