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Finance Watch: CARB-X Refills Coffers To Help Biopharmas Fight Resistant Bacteria

Non-Profit Gains Up To $370m In New Funds

 
• By Mandy Jackson

Private Company Edition: The global accelerator has new commitments from HHS and the Wellcome Trust. Also, Apollo buys into Sofinnova Partners with an up to €1bn investment, Castle Creek raised $124.6m in private funding this year in lieu of an IPO and Remix closed a $70m series B round. 

Finance Watch Private Company
• Source: Shutterstock

The global non-profit Combating Antibiotic-Resistant Bacteria Biopharmaceutical Accelerator (CARB-X), which provides funding and other support for early-stage development of treatments, diagnostics and preventive measures against drug-resistant pathogens, revealed up to $370m in new funding commitments from the US Department of Health and Human Services (HHS) and the Wellcome Trust.

The new funding announced on 19 May builds on the initial $355m commitment from Wellcome and the US Biomedical Advanced...

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