Trius Therapeutics Explained

Trius Therapeutics (NASDAQ:) was a biopharma company based in San Diego, CA that focused on the development of antibiotics.[1]

Business profile

The lead compound from Trius, tedizolid phosphate (formerly torezolid phosphate, TR-701), successfully completed its first Phase 3 clinical trial (ESTABLISH 1) in acute skin and skin structure infections (ABSSSI).[2] It is a once daily, IV and oral, oxazolidinone being developed for the treatment of serious gram-positive infections, including those caused by methicillin-resistant Staphylococcus aureus (MRSA).[3] The Phase 3 trials are being conducted under a Special Protocol Agreement with the US Food and Drug Administration and are using the draft FDA guidance of cessations of lesion spread at 48–72 hours as the primary endpoint.[4] In the ESTABLISH 1 Study, 200 mg of Tedizolid given for a short course of therapy (six days) was shown to be safe, well tolerated and was as effective as the traditional length of therapy with linezolid (600 mg for ten days).[5] Additionally, Tedizolid was shown to have fewer treatment-related side effects than linezolid and significantly fewer GI side effects.[6]

Trius was planning the second Phase 2 trial and expects to report results around the end of Q1 2013 and planned to submit an NDA to the FDA for the drug in the second half of 2013.[7]

Tedizolid was approved by the US Food and Drug Administration on June 20, 2014.

The firm was acquired by Cubist Pharmaceuticals at the end of July 2013 in a deal worth $1.6 billion. This fee also included the purchase of Optimer Pharmaceuticals.[8]

Funding

In February 2007 Trius was formed (formerly Rx3) in conjunction with a Series A financing.[9] Trius completed an initial public offering in August 2010, raising $50 million.[10] Its stock was added to the NASDAQ Biotechnology Index in 2012.[11]

Partnerships and Government Contracts

In 2008 the company received a $28 million contract from the National Institute of Allergy and Infectious Diseases a component of the National Institutes of Health, to develop antibiotics against gram-negative infections. The work included a collaboration with the Lawrence Livermore National Laboratory to help identify antibiotics against gram-negative infections and bioterrorism.[12] Trius was awarded a contract by Lawrence Livermore National Laboratory in 2011 for $3 million.[13] In 2011 Bayer acquired the exclusive rights to Trius' antibiotic tedizolid in certain areas in Asia, Africa, the Middle East, and Latin America.[14] The deal was reported as being worth $94 million.[15]

Employees

Trius was founded by the last Chief Financial Officer John Schmid and Chief Scientific Officer John Finn.[16] Other executives included Chief Executive Officer Jeffrey Stein, Chief Medical Officer Philippe Prokocimer, Chief Commercial Officer Craig Thompson,[17] and Chief Development Officer Ken Bartizal.[18] The Chairman of the Board is David Kabakoff.[19] The company today has 83 full-time employees.[20]

Notes and References

  1. Web site: Trius Therapeutics - About. Triusrx.com. 26 July 2012.
  2. Web site: An Investment Update on Trius Therapeutics' Tedizolid (NYSE:MRK) | Seeking Alpha .
  3. Web site: Market Close Report: NASDAQ Composite index closes at 3,807.75 up 33.41 points . www.nasdaq.com . . 28 May 2023 . https://web.archive.org/web/20131005093610/http://www.nasdaq.com/news/ . October 5, 2013 . en . October 4, 2013.
  4. Web site: An Investment Update on Trius Therapeutics' Tedizolid (NYSE:MRK) | Seeking Alpha .
  5. Web site: Trius shares surge as antibiotic matches Zyvox in pivotal PhIII . 19 December 2011 .
  6. Web site: Trius Therapeutics' Tedizolid has Blockbuster Potential for MRSA Infections (TSRX, $5.05) . smithonstocks.com . 28 May 2023 . https://web.archive.org/web/20120909210529/http://smithonstocks.com/component/content/article/3/261-trius-therapeuticsarsquo-tedizolid-has-blockbuster-potential-for-mrsa-infections-tsrx-505 . September 9, 2012 . en.
  7. News: Darcé. Keith. Trius grows as lead antibiotic moves forward. 5 September 2012. San Diego Union-Tribune. 31 October 2011.
  8. News: Cubist to pay up to $1.6 billion for two antibiotics makers . Vrinda Manocha and Zeba Siddiqui . Reuters . 30 July 2013.
  9. Web site: Emerging Drug Developer: Trius Therapeutics . 28 March 2008 .
  10. News: Trius Therapeutics Initial Offer Raises $50 Million . Bloomberg . Kristen . Scholer . Lee . Spears . 3 August 2010.
  11. Web site: Semi-Annual Changes to the NASDAQ Biotechnology Index. MarketWatch. 27 July 2012.
  12. News: Timmermeyer. Luke. Trius Therapeutics Wins $28M Contract From NIH For Bioterror Antibiotics. 5 September 2012. Xconomy. 22 October 2008.
  13. Web site: Trius Therapeutics, Inc. Secures Third Government Contract To Develop Antibiotics . www.reuters.com . . 28 May 2023 . https://web.archive.org/web/20120420044649/https://www.reuters.com/finance/stocks/TSRX.O/key-developments/article/2291312 . 2012-04-20 . en . 15 Apr 2011.
  14. News: Conover. Damien. Premium Articles 5 Big Pharma Opportunities in Emerging Markets. 5 September 2012. Morning Start. 3 September 2012.
  15. News: Darcé. Keith. Trius signs $94 million licensing deal for lead antibiotic. 5 September 2012. San Diego Union-Tribune. 27 July 2012.
  16. News: Trius Therapeutics Inc. Bloomberg News. 5 September 2012.
  17. Web site: Form 10-K .
  18. Web site: Form 10-K .
  19. Web site: Trius Therapeutics, Inc. Executives. Hoover's. 5 September 2012.
  20. News: Company Overview of Trius Therapeutics, Inc.. https://web.archive.org/web/20090731134633/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=22562481. dead. July 31, 2009. 5 September 2012. Businessweek.