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Business
Big drug makers create $1 billion antibiotics fund
by Michael McCoy
July 11, 2020
| A version of this story appeared in
Volume 98, Issue 27
More than 20 drug companies have joined to launch the AMR Action Fund, a partnership that aims to bring 2–4 new antibiotics to patients by 2030. The companies say they have so far raised nearly $1 billion to support research into combating antimicrobial resistance (AMR). Although some 700,000 people die every year due to AMR, many companies have exited antibiotic R&D, and others have declared bankruptcy, because it’s difficult to make money selling a product that must be used sparingly.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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