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Financing supports development of BioVersys’ breakthrough hospital antibiotic therapy targeting Acinetobacter baumannii
April 14, 2021
By: Kristin Brooks
Managing Editor, Contract Pharma
The European Investment Bank (EIB) and BioVersys AG, a clinical-stage pharmaceutical company developing treatments for multidrug-resistant bacterial infections, signed a €20 million venture debt transaction. The financing supports the company’s research and development of a diverse pipeline of drugs that address antimicrobial resistance (AMR). AMR has resulted in the majority of antimicrobial therapies becoming obsolete, potentially resulting in a bacterial pandemic. BV100, BioVersys’ breakt...
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