| News

Polyphor receives up to 18 million dollars for development of antibiotics

15.10.2020

The Allschwil-based company Polyphor has received a second funding award from the global consortium CARB-X to combat antimicrobial resistance. Polyphor will be provided with initial funding of up to 2.62 million US dollars for its innovative antibiotics program. A maximum of 15.82 million dollars has been earmarked for later milestones.

As the life sciences company Polyphor wrote in a press release, this funding is the second major support by the global public-private consortium CARB-X and follows a previous grant in 2019. This partnership led by Boston University is dedicated to supporting the development of antibacterial products, to diagnose, prevent and treat drug-resistant infections. Polyphor is located in Allschwil in the canton of Basel-Landschaft. The Basel area is known as a leading center for antibiotic research.

This award will support the development of the novel class of antibiotics discovered by Polyphor and the University of Zurich. These show potent and specific antimicrobial activity against Enterobacteriaceae, including extremely drug resistant strains. They are among the priority-1 pathogens, as classified by the World Health Organization.

CARB-X will provide Polyphor with initial funding of up to 2.62 million US Dollars to complete the hit-to-lead stage. Up to 15.82 million dollars will additionally be granted if certain project milestones are met.

“CARB-X fosters the best science and most promising early development R&D-projects in the world,” explains Polyphor CEO Gökhan Batur in the press release. “This second award is a strong validation of our innovative antibiotic platform and an important milestone in the implementation of our renewed strategy in this field presented earlier this year.”

“Serious infections are a global health threat, due in part to the emergence of drug-resistant bacteria for which we do not have therapies,” said Erin Duffy, R&D Chief of CARB-X. “Polyphor’s project enriches the pool of novel approaches to deliver a therapeutic that can treat infections caused by multidrug-resistant Gram-negative pathogens for which we have few options. It is in the early stages of development, and if successful and approved, it could potentially change the way these life-threatening infections are treated and save lives.”

Share this article

Sign up to receive our newsletter in your inbox.

You may also be interested in

Meteoblue constantly presents new developments
Basel Area Business & Innovation, Innovation, Invest

Meteoblue constantly presents new developments

The meteoblue weather service based in Basel has developed a weather map widget that can be embedded in any website....

Read More
Lonza manufactures coronavirus vaccine for Moderna
Basel Area Business & Innovation, Innovation, Invest

Lonza manufactures coronavirus vaccine for Moderna

Lonza plans to start production of Moderna’s coronavirus vaccine in Switzerland before the end of the year. Moderna published the...

Read More
Synendos raises 20 million Swiss francs
Basel Area Business & Innovation, Innovation, Invest

Synendos raises 20 million Swiss francs

Synendos Therapeutics has concluded a Series A financing round, raising 20 million Swiss francs. The Basel biotech will use the...

Read More
Both Basel cantons are first class borrowers
Basel Area Business & Innovation, Invest

Both Basel cantons are first class borrowers

Standard & Poor’s has awarded the canton of Basel-City its top rating of AAA. The rating agency anticipates that Basel...

Read More
ChemAxon establishes subsidiary in Basel
Basel Area Business & Innovation, Innovation, Invest

ChemAxon establishes subsidiary in Basel

ChemAxon develops software for application in the chemicals and biopharma industries. Now, the Hungarian company has established a subsidiary in...

Read More
DSM strengthens the Basel Area life sciences cluster
Basel Area Business & Innovation, Innovation, Invest

DSM strengthens the Basel Area life sciences cluster

The global nutrition and health corporation Royal DSM is establishing a new innovation center at the headquarters of Nutritional Products...

Read More
1 2 3 37

Do you have a question? We'd like to hear from you.