Biotech Firm Durata Plans To Go Public | Chemical & Engineering News
Volume 90 Issue 14 | p. 13 | Concentrates
Issue Date: April 2, 2012

Biotech Firm Durata Plans To Go Public

Department: Business
Keywords: antibiotics, pharmaceuticals, IPO

Durata Therapeutics is hoping to raise $86 million through an initial public offering of stock, according to a recent Securities & Exchange Commission filing. Durata was formed in late 2009 to commercialize dalbavancin, an antibiotic licensed from Pfizer. Pfizer acquired the drug in 2005 through its $1.9 billion purchase of Vicuron. Dalbavancin, a long-acting lipoglycopeptide, is in two Phase III studies for treating acute bacterial skin and skin structure infections.

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