HHS Awards $94M to GSK for New Antibiotic Development
GlaxoSmithKline will receive $94m from the US Department of Health and Human Services for a promising new antibiotic research and testing.
UK-based pharmaceutical and healthcare company GlaxoSmithKline will receive $94m from the US Department of Health and Human Services to support research and clinical testing for a promising new antibiotic that could be used to treat pneumonia and bio-terror threats.
The antibiotic, GSK '052, will be moved to mid-stage trial for ventilator-associated pneumonia and a late-stage study for complicated intra-abdominal infections.
Anacor Pharmaceuticals discovered the compound and licensed it to GlaxoSmithKline last year to receive an option exercise fee of $15 million.
The company is also eligible for future development milestone payments of up to $75.5 million and commercial milestone paymen
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