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The Boston Globe

Business

Cubist to pay up to $1.6b for two drug makers

Lexington’s Cubist Pharmaceuticals Inc., best-known for its antibiotic Cubicin, will pay up to $1.6 billion to acquire two other drug makers in a bid to increase its line of antibiotics, the company said Tuesday.

The deal to buy Optimer Pharmaceuticals Inc. of Jersey City, N.J., and Trius Therapeutics Inc. of San Diego, Calif., adds an antibacterial drug to the Cubist product portfolio and puts several other antibiotics in its pipeline for approval.

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