Cubist upgraded at Credit Suisse following acquisitions


Credit Suisse upgrades Cubist Pharmaceuticals (CBST) to Outperform from Neutral following yesterday's announcement that the company is buying both Optimer Pharmaceuticals (OPTR) and Trius Therapeutics (TSRX).

CBST investors got a look at Dificid sales for Q2 courtesy of early numbers from OPTR Tuesday evening. Q2 sales of the antibacterial drug were $19M, up 13% from a disappointing $16.8M in Q1.

Ultimately, CBST sees Dificid and Trius' tedizolid bringing in a combined $600M to $1B per year, the company said on a CC convened to discuss the deals. (previous)

Premarket: CBST +6%, TSRX +17.3%, OPTR -6.55%.

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