Tesaro

Last updated
Tesaro, Inc.
Company type Subsidiary
IndustryPharmaceuticals
Founded2010;14 years ago (2010), in Waltham, Massachusetts
Headquarters
Waltham   OOjs UI icon edit-ltr-progressive.svg
,
United States  OOjs UI icon edit-ltr-progressive.svg
Products Varubi
Number of employees
286 (2016)
Parent GSK
(2019–present)
Website tesarobio.com

Tesaro Inc. is a pharmaceutical company based in Waltham, Massachusetts. They focus on drug development for cancer.

Contents

History

Tesaro was founded in 2010. [1] The company's first commercial product, Varubi, was approved by the FDA in October 2015. [2] As of 2016, the company had 286 full-time employees, 59 of whom had a PhD or MD. [3] The company's product Niraparib was granted priority review and was given a target action date of June 2017 by the FDA. [4] In March 2017, Tesaro won approval for its drug Zejula to treat ovarian cancer. [5] On May 31, 2017, it was reported that Tesaro Inc. was exploring a sale. [5] On December 3, 2018, GSK announced it would acquire the company for $5.1 billion, [6] and the deal was completed on January 22, 2019. [7]

Products under development

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References

  1. "Tesaro". FierceBiotech. Retrieved 2017-02-25.
  2. "TESARO - Quarterly Report". Ir.tesarobio.com. Retrieved 2017-02-25.
  3. "TESARO - Annual Report". Ir.tesarobio.com. Retrieved 2017-02-25.
  4. ESARO (TSRO) Announces Priority FDA Review for Niraparib NDA, Street Insider, December 20, 2016, archived from the original on December 21, 2016, retrieved June 8, 2017{{citation}}: CS1 maint: bot: original URL status unknown (link)
  5. 1 2 D. Rockoff, Jonathan; Cimilluca, Dana (May 31, 2017). "Tesaro Explores Sale". Wall Street Journal . New York City, New York. Retrieved June 1, 2017.
  6. "GSK slides after buying cancer firm Tesaro for hefty $5.1 billion". 3 December 2018. Archived from the original on December 4, 2018 via uk.reuters.com.
  7. "GSK completes acquisition of TESARO, an oncology focused biopharmaceutical company". 22 January 2019.
  8. "2016 Press Release: Niraparib Significantly Improves Outcome of Ovarian Cancer Patients in Landmark Trial". ESMO. Retrieved 2017-02-25.