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Antibiotics

Melinta will acquire antibiotics developer Tetraphase

by Michael McCoy
June 13, 2020 | A version of this story appeared in Volume 98, Issue 23

 

The third time’s the charm for the antibiotic developer Tetraphase Pharmaceuticals. It has agreed to be purchased by Melinta Therapeutics for $39 million and up to $16 million more.Tetraphase struck a $14 million deal in March to be bought by AcelRx. Then in May, the firm said it was considering a $22 million offer from La Jolla Pharmaceutical. Tetraphase has amassed more than $600 million in losses over the years as it developed its tetracycline Xervara.

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