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Cubist buys Calixa for $92.5mm cash, plus potential earn-outs

Executive Summary

Acute care company Cubist Pharmaceuticals is acquiring private cephalosporin developer Calixa Therapeutics for $92.5mm in cash, plus up to $310mm in potential development, regulatory, and commercial milestones for products incorporating Calixa's CXA101, a bacterial cell wall synthesis inhibitor in Phase II for complicated urinary tract infection (cUTI).
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Acquisition
    • Acquisition of Private Biotech
    • Full Acquisition
    • Includes Contract
    • Includes Earnout
    • Intra-Biotech Deal
    • Payment Includes Cash

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