GSK braves big pharma's antibiotic wilderness with Spero deal
UK-based GSK’s (LSE: GSK) latest deal has defied the long-term trend among big pharma companies to move investment away from the high-risk, low returns antibiotic space.
GSK has announced an exclusive license agreement for Spero Therapeutics’ (Nasdaq: SPRO) late-stage antibiotic asset, tebipenem HBr, the first oral carbapenem antibiotic to be developed for complicated urinary tract infections (cUTI), including pyelonephritis, caused by certain bacteria.
A near pennyless and recently jilted partner
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