Cubist Pharmaceuticals was an American biopharmaceutical company that targeted pathogens like MRSA. . The company employed 638 people, mostly in

Lexington, MA Lexington is a suburban town in Middlesex County, Massachusetts, United States. It is 10 miles (16 km) from Downtown Boston. The population was 34,454 as of the 2020 census. The area was originally inhabited by Native Americans, and was firs ...

. On 8 December 2014, Merck & Co. acquired Cubist for $102 per share in cash ($8.4 billion).

History

Cubist was founded in May 1992 by John K. Clarke, Paul R. Schimmel, Ph.D. and Barry M. Bloom, Ph.D, all of whom were also directors. Cubist appeared on Fortune 2010’s List of fastest growing companies, and was named to the 2010 Deloitte Technology Fast 500. In 2011, the company acquired Adolor, maker of a drug for treatment of

constipation Constipation is a bowel dysfunction that makes bowel movements infrequent or hard to pass. The stool is often hard and dry. Other symptoms may include abdominal pain, bloating, and feeling as if one has not completely passed the bowel movement ...

. The company expected sales of its drug Cubicin to grow to more than 1 billion dollars per year. In July 2013, Cubist Pharmaceuticals agreed to purchase

Trius Therapeutics Trius Therapeutics () was a biopharma company based in San Diego, CA that focused on the development of antibiotics. Business profile The lead compound from Trius, tedizolid phosphate (formerly torezolid phosphate, TR-701), successfully completed ...

and

Optimer Pharmaceuticals Optimer Pharmaceuticals Inc () was a biopharmaceutical company, originally headquartered in San Diego, California, and later moved to Jersey City, New Jersey, United States. The company focused on developing specialty drugs to treat gastrointest ...

for around $1.6 billion. In 2014, succeeding

Michael Bonney Michael "Mike" Weston Bonney is an American businessman and former pharmaceutical executive. Bonney was the president and chief executive officer of Cubist Pharmaceuticals, from 2003 until his retirement in 2014 coinciding with the company being a ...

as President, Robert J. Perez, was announced to take leadership on January 1, 2015. In January 2015 Cubist Pharmaceuticals became a wholly owned subsidiary of Merck & Co.

Products

The company developed Cubicin ( daptomycin) for injection, the first antibiotic in a class of anti-infectives called lipopeptides. In 2011, Cubist settled a patent litigation with

Teva Pharmaceutical Industries Teva Pharmaceutical Industries Ltd. (also known as Teva Pharmaceuticals) is an Israeli multinational pharmaceutical company with headquarters in Tel Aviv, Israel. It specializes primarily in generic drugs, but other business interests include ...

regarding Cubicin. In April 2011 it reached a deal with Optimer Pharmaceuticals in which its class of bacterium fighting drugs will be co marketed with Optimer's Fidaxomicin/Dificid (for $15 million per year). In 2011, its product pipeline focused on gram-negative bacterial infections, ''Clostridium difficile''-associated diarrhea, and respiratory syncytial virus.

Tedizolid Tedizolid (formerly torezolid, trade name Sivextro), is an oxazolidinone-class antibiotic. Tedizolid phosphate is a phosphate ester prodrug of the active compound tedizolid. It was developed by Cubist Pharmaceuticals, following acquisition of Tr ...

was approved by the US

Food and Drug Administration The United States Food and Drug Administration (FDA or US FDA) is a List of United States federal agencies, federal agency of the United States Department of Health and Human Services, Department of Health and Human Services. The FDA is respon ...

on June 20, 2014.

References

{{Coord, 42, 25, 25.2, N, 71, 14, 32.9, W, display=title Companies formerly listed on the Nasdaq Biopharmaceutical companies Biotechnology companies of the United States American companies established in 1992 Pharmaceutical companies established in 1992 Life sciences industry Biotechnology companies established in 1992 Biotechnology companies disestablished in 2015 Pharmaceutical companies disestablished in 2015 1992 establishments in Massachusetts 2015 disestablishments in Massachusetts Defunct pharmaceutical companies of the United States Defunct companies based in Massachusetts Health care companies based in Massachusetts Companies based in Lexington, Massachusetts 2015 mergers and acquisitions Merck & Co.