Trius Therapeutics, Inc. (TSRX)

[TRUISM]

Aug 29, 2013, 11:59am EDT
Cubist announces recall of antibiotic; shares rise regardless

Don Seiffert
Associate Editor MHT-
Boston Business Journal

Cubist Pharmaceuticals Inc. (Nasdaq: CBST) announced a voluntary recall of certain batches of its antibiotic, Cubicin, due to the possibility that they contain particles of glass.
The Lexington, Mass. drug company specified four lots of the drug in an announcement Thursday, all of them for the 500 milligram strength of the injected drug. The lots are: 950453F, with a Dec. 6, 2013 expiration date; 090203F, with a Sept. 7, 2014 expiration date; 201703F, with expiration date of Aug. 31, 2015; and 201653F, with expiration date of Sept. 1, 2015.
Cubicin said there have been no “adverse events” reported.
The company’s stock was up Thursday 2 percent despite the recall, as investor interest in antibiotic companies soars due to international warnings regarding antibacterial resistance, and two pending acquisitions for which Cubist plans to pay as much as $1.62 billion if certain milestones are met. Cubicin’s stock is up 42 percent for the year to date.
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Yet and still TSRX PPS stays stagnant,for the most part.

Take Care and God Bless....God Bless Us All.


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