The Medicines Co and Roche get BARDA awards to develop new antibiotics
The US Department of Health and Human Services’ Office of the Assistant Secretary for Preparedness and Response (ASPR) has announced two strategic partnerships with the USA’s The Medicines Company (NYSE: MDCO) and Swiss pharma giant Roche (ROG: SIX), to develop innovative products to combat the growing threat of multi-drug resistant bacterial infections.
ASPR’s Biomedical Advanced Research and Development Authority (BARDA) will manage a portfolio of products with each company. Through the agreements, BARDA will have joint oversight and share the cost of developing a portfolio with each company, helping determine which products to develop and collaborating on decisions about which products enter or leave each partnership’s portfolio.
Financial terms
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