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What: Cubist Pharmaceuticals
So what: Cubist granted Teva Pharmaceutical Industries
Now what: Teva's sales of the generic version of Cubicin are not slated to begin until December 2017 at the earliest, so investors should not anticipate near-term revenues from the deal. That said, Cubist's CEO noted that the settlement would better allow the company to work with others to develop its business and "eliminated uncertainty." According to analysts, the settlement clears the way for a potential buyout of Cubist by a large drugmaker.
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