Novartis next to bow out of antibiotics
With antimicrobial resistance (AMR) on the rise and health authorities and foundations around the world crying out for new antibiotics, Novartis (NOVN: VX) has become the latest big pharma company to exit the space.
Anglo-Swedish drugmaker AstraZeneca (LSE: AZN) and USA-based Eli Lilly (NYSE: LLY) are among those that have ceased research in the field in recent years, and the Swiss giant has now joined them.
"While the science for these programs is compelling, we have decided to prioritize our resources in other areas"
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