Breakthrough Antibiotics Program Sold for $2 Million

BIOT

featured image of Breakthrough Antibiotics Program Sold for $2 Million
🔥 Spexis AG is selling a preclinical antibiotics program to Basilea Pharmaceutica Ltd for CHF2m.
👉 The program targets the LptA protein that disrupts the lipopolysaccharide transport bridge in Gram-negative bacteria.
👨‍⚕️ The program, funded by CARB-X, has shown activity against Enterobacteriaceae strains resistant to beta-lactams and colistin.
💊 Basilea will acquire all program compounds, including intellectual property, and pay Spexis up to CHF2m.
⚖️ The transaction is subject to approval by the Western District Court of the Canton Basel-Landschaft.
📢 Breaking: Spexis Sells Revolutionary Antibiotics Program to Basilea

Introduction:

Macrocycle library specialist, Spexis AG, has agreed to sell a preclinical antibiotics program to Basilea Pharmaceutica Ltd. The program targets the protein LptA, which selectively disrupts the lipopolysaccharide transport bridge in Gram-negative bacteria, resulting in the elimination of the bacteria. The program has shown efficacy in vitro and in vivo against multidrug-resistant Gram-negative bacterial pathogens.

Main points:

  1. Basilea Pharmaceutica Ltd. is acquiring a preclinical antibiotics program from Spexis AG for CHF2m.
  2. The program targets the protein LptA, which selectively disrupts the lipopolysaccharide transport bridge in Gram-negative bacteria.
  3. The program has shown efficacy in vitro and in vivo against multidrug-resistant Gram-negative bacterial pathogens.
  4. The compounds derived from the program have been optimized using Spexis’ macrocycle platforms and methodologies.
  5. The transaction is subject to the approval of the Western District Court of the Canton Basel-Landschaft.

Conclusion:

Spexis AG has sold a preclinical antibiotics program to Basilea Pharmaceutica Ltd. The program targets the protein LptA and has shown efficacy against multidrug-resistant Gram-negative bacterial pathogens. The compounds derived from the program have been optimized using Spexis’ macrocycle platforms and methodologies, making them a novel class of antibiotics. The acquisition of this program by Basilea highlights the urgent need for new antibiotics against priority pathogens identified by the World Health Organization.

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