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£8m drug-resistance grant for Oxford Drug Design

June 21, 2019 / Anna Smith
SHARESHARESHARE

Oxford Drug Design has received over 8 million pounds in grant and equity investment from CARB-X, the UK Department of Health and Social Care (DHSC) and o2h Ventures. The funding will help to develop new antibiotics effective against drug-resistant superbugs, and to expand Oxford Drug Design’s proprietary machine learning computational platform - the Dual-Target aminoacyl-tRNA Synthetase inhibitor (DaaRSi) project. The research is important as drug-resistant superbugs are on the rise worldwide and represent a threat to global public health and health security. According to the World Health Organisation, an estimated 700,000 people die each year worldwide from bacterial infections. In the United States, an estimated 23,000 people die each year from drug-resistant bacterial infections. In Europe, the number of deaths yearly is estimated at 33,000. Oxford Drug Design CEO, Paul Finn, said that “To win these two highly competitive awards is a remarkable success and a tremendous ...