Pharmaceutical companies sent $ 1 billion for the development of antibiotics

International Federation of pharmaceutical manufacturers and associations has launched a new Fund to Finance the development of antibacterial drugs. The largest pharmaceutical companies in the world have already sent to the Fund of $ 1 billion, according to Reuters.

The development of new antibiotics plays a key role in the fight against antibiotic resistance, however, companies involved in the creation of antibacterial drugs, are often faced with a lack of investment and bankruptcy even in the case of drug registration.

The new Fund will be a temporary solution for the financing of small biotech companies, until you have taken the necessary legislative measures to support such projects.

Funds to support developers of antibiotics sent including MSD, Pfizer, Eli Lilly, Johnson&Johnson, Novartis and GlaxoSmithKline. It is expected that within 10 years thanks to the financial support of the Fund the market will be 2-4 new antibiotic.

Leave a Reply

Your email address will not be published. Required fields are marked *

Releated

For the six months Kurgan “Synthesis” increased revenue by 42%

Revenue of JSC “Sintez” (part of the Allium Group) for 6 months of 2020 has increased by 42% year-on-year to 6,767 billion. Net profit reached 752.9 million roubles that on 23% more than in the same period last year. Export sales grew by 36% year-on-year, exceeding 1 billion rubles, told in the company. Secondary sales […]

Russia confirmed on 5 065 new cases COVID-19

In recent days in Russia identified 5 065 new cases of coronavirus in 83 regions. Died 114 people, fully recovered 6 568 patients. In Moscow confirmed 688 new cases of coronavirus. The average rate of increase of new cases for the first two weeks of August is 0.28%. This figure compares with the first two […]