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Home » Biopharmaceutical companies pledge more than $1 billion to develop new antibiotics

Biopharmaceutical companies pledge more than $1 billion to develop new antibiotics

July 9, 2020 By Chris Newmarker

Antimicrobial Resistance (AMR) Action Fund antibioticsMore than 20 biopharmaceutical companies around the world have pledged more than $1 billion toward the Antimicrobial Resistance (AMR) Action Fund that launched today.

Pledges include $100 million from Pfizer and $50 million from Boehringer Ingelheim.

An initiative of the International Federation of Pharmaceutical Manufacturers & Associations (IFPMA), the fund’s goal is to bring two to four new antibiotics to market by 2030. The collaboration between pharmaceutical companies, philanthropies, development banks, and multilateral organizations is meant to re-invigorate antibiotic development — which has been lagging amid a rapid rise in antibiotic-resistant infections.

Get the full story on our sister site Drug Discovery & Development. 

Filed Under: Featured, Pharmaceutical Tagged With: antibiotics, Antimicrobial Resistance (AMR) Action Fund, Boehringer Ingelheim Pharmaceuticals, International Federation of Pharmaceutical Manufacturers & Associations (IFPMA), Pfizer, superbugs

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About Chris Newmarker

Chris Newmarker is the executive editor of WTWH Media life science's news websites and publications including MassDevice, Medical Design & Outsourcing and more. A professional journalist of 18 years, he is a veteran of UBM (now Informa) and The Associated Press whose career has taken him from Ohio to Virginia, New Jersey and, most recently, Minnesota. He’s covered a wide variety of subjects, but his focus over the past decade has been business and technology. He holds bachelor’s degrees in journalism and political science from Ohio State University. Connect with him on LinkedIn or email at [email protected].

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