French biopharmaceutical company Antabio announced today that it has raised $25 million in financing to continue development of a next-generation antibacterial combination for severe drug-resistant infections.
The funding, which includes investments from the AMR Action Fund and the EIC Fund, will enable Antabio to complete phase 2 clinical studies of MEM-ANT3310, an investigational drug that combines the carbapenem antibiotic meropenem with Antabio's serine beta-lactamase inhibitor ANT3310. The combination is designed to target beta-lactamase–producing, gram-negative pathogens such as carbapenem-resistant Acinetobacter baumannii, carbapenem-resistant Enterobacterales, and Pseudomonas aeruginosa.
Antabio says MEM-ANT3310 presents a "truly differentiated alternative" to life-threatening infections caused by these pathogens, including hospital-acquired and ventilator-associated pneumonia.
"Antabio is targeting drug-resistant pathogens that have devastating effects on patients and their families," AMR Action Fund CEO Henry Skinner, PhD, said in a company press release. "We believe the therapies in Antabio's pipeline will deliver significant benefits to patients and be an important tool for physicians, who are struggling to treat infections for which there are few effective treatments available."