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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