Tetraphase has two suitors, despite struggling market for antibiotics
The market for antibiotics may be “broken,” but one small antibiotic company is seemingly in demand: Tetraphase Pharmaceuticals. In March, the company said it had agreed to be acquired by AcelRx in an all-stock deal valued at $14.4 million. But this week, another drugmaker appears to be courting Tetraphase — La Jolla Pharmaceuticals submitted a non-binding proposal to swallow Tetraphase for $22 million.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.