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Redx Pharma Plc RNS Release

Redx Pharma awarded US$1 million grant by CARB-X

RNS Number : 0726B
Redx Pharma plc
30 March 2017



30 March 2017



("REDX" or "the Company" or "the Group")


Redx Pharma awarded US$1 million grant by CARB-X


-     Redx selected as one of 11 initial candidates after competitive global selection process in recognition of innovative science programs 

-   Collaborative grant in anti-infectives enables Redx to advance its Gram-negative program with a prospective partner


Redx Pharma, the drug development company, is pleased to announce that it has been awarded a US$1 million grant by CARB-X, one of the world's largest public-private partnerships, launched in July 2016 to accelerate global antibacterial innovation and research. The 11 successful projects were selected through a competitive process from 168 applications from around the world. The awarded grants were based on the merits of each of the company's research proposals, as evaluated by the CARB-X Advisory Board and the CARB-X team.


Today's announcement by CARB-X showcases the first projects selected for the Powered by CARB-X portfolio, spotlighting Redx as a highly-respected partner of choice on a global stage. Redx will receive US$1 million over 18 months, with an option for future tiered milestone payments, to drive scientific progress against globally challenging drug resistant Gram-negative bacteria. This collaboration with CARB-X enables Redx to move its Gram-negative program into the next stage of development with a prospective partner.


Dr Neil Murray, Chief Executive Officer of Redx Pharma, said: "We are delighted to be collaborating with CARB-X, a truly innovative initiative that is targeting the development of new life-saving antibacterials and diagnostics. Receiving this grant today is testament to the great science that exists at Redx. This grant cements a path forward for our recently announced strategy, to secure external partners to ensure that our high quality anti-infective science will continue whilst we sharpen our focus on the clinical development of our oncology and immunology programs."




For further information, please contact:


Redx Pharma Plc


Neil Murray, Chief Executive Officer

T: +44 1625 469 900 

Karl Hård, Head of Investor Relations &

Corporate Communications

T: +44 7491 651 406


Cantor Fitzgerald Europe (Nomad & Broker)


T: +44 20 7894 7000

Phil Davies/ Michael Reynolds




WG Partners LLP (Joint Broker)



T: +44 20 3705 9330

Claes Spång / Chris Lee / David Wilson



Consilium Strategic Communications


Amber Fennell/ Matthew Neal/ Melissa Gardiner    

T: +44 20 3709 5700



About Redx Pharma Plc

Company website: 


Redx is focused on the discovery and development of proprietary, small molecule therapeutics to address areas of high, unmet medical need, principally in cancer, immunology and infection providing a pipeline of assets to larger and emerging companies. By improving the characteristics of existing drug classes to create highly differentiated, novel, best-in-class drugs, Redx has already established a broad portfolio of proprietary drug programs.


About CARB-X



CARB-X was launched by the U.S. Department of Health and Human Services (HHS), Biomedical Advanced Research and Development Authority (BARDA) and the National Institute of Allergy and Infectious Diseases (NIAID).  CARB-X is funded by BARDA and the Wellcome Trust, a global charitable foundation based in London. Wellcome announced today its funding share will amount to $US155.5 million dollars over five years. NIAID is providing support in the form of preclinical services. CARB-X is a non-profit effort headquartered at the Boston University School of Law. Other partners include the Broad Institute of MIT and Harvard, the Massachusetts Biotechnology Council (MassBio), the California Life Sciences Institute (CLSI), and RTI International. CARB-X was created is in response to the U.S. government's 2015 Combating Antibiotic Resistant Bacteria (CARB) initiative and the U.K. government's call in 2016 for a concerted global effort to tackle antibiotic resistance.


CARB-X is investing US$24 million immediately and up to US$24 million in milestone-based additional payments over three years to help 11 biotech companies and research teams in the U.S. and U.K. accelerate the development of new life-saving antibacterials and diagnostics aimed at treating infections caused by the world's deadliest antibiotic-resistant bacteria.  Together with private funds from the companies, this could lead to an investment of more than US$75 million in successful projects. 


This information is provided by RNS
The company news service from the London Stock Exchange

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