A Minnesota company working on what could become the nation's first drug made of microbes from the human gut has been snapped up by a large Swiss drugmaker.
Rebiotix, a biotech startup based in Roseville, was acquired by Ferring Pharmaceuticals in a deal that closed Wednesday. The private companies declined to disclose the price.
Although Rebiotix is closer than any other company to securing Food and Drug Administration approval for a drug that contains human gut microbes, Ferring executives are just as interested in long-term drug projects using Rebiotix' proprietary platform.
"Rebiotix is basically a full-fledged biotechnology company with their own platform," Ferring Chief Scientific Officer Per Falk said Wednesday. "We're of course extremely interested in the forerunner products ... However, we actually see it as the acquisition of a platform."
Rebiotix will retain its name and its 45 employees, including CEO Lee Jones. Ferring doesn't plan to disrupt Rebiotix' operations with location changes. "It has been established here, the knowledge is here, and we cannot afford to risk that," Falk said in an interview in Roseville.
Ferring, which styles itself a research-driven pharmaceutical company, sells a variety of drugs for reproductive and women's health, urology and gastroenterology. Based in Switzerland, the company has U.S. headquarters and manufacturing operations in New Jersey and a major research center in San Diego. It had $2.4 billion in revenue last year, much of that from its most popular drug, the injectable fertility therapy Menopur.
Rebiotix, meanwhile, is a leading contender to be first-to-market with a closely watched drug that can treat deadly infections of Clostridium difficile, or "C. diff" using gut microbes extracted from human feces.
C. diff represents a major public health problem in the U.S. The Centers for Disease Control and Prevention said C. diff microbes colonize the intestinal tracts of more than 500,000 people per year in the U.S. In 2011, an estimated 29,000 of them died within 30 days of contracting C. diff infections, according to a 2015 article in the New England Journal of Medicine.