Experts seek $2bn fund for new antibiotics

1. Experts seek $2bn
fund for new
antibiotics
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2. Contd..
A British government funded review has recommended top pharmaceutical
companies to set up a $2 billion global incentive fund to look for new
antibiotics.
Not a single new antibiotic -known to be the magic bullets of medical
science, has been discovered in over 30 years. Economist and former chair of
Goldman Sachs Asset Management Jim O'Neil, who was asked by British PM
David Cameron to look at the impact superbugs will have concluded that
drug-resistant infections will cost the world 10 million extra deaths a year
and up to $100 trillion by 2050, if the global increase is not stopped.
Currently , 700,000 deaths each year are attributed to drug resistance.
O'Neil has recommended that $37bn should be made available over a period
of 10 years to reward pharmaceutical fiems that discover brandnew
antibiotics.
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