Sector News

Novartis invests $250m in malaria elimination commitment

June 24, 2022
Life sciences

Novartis has endorsed the ‘Kigali Declaration’ on neglected tropical diseases (NTDs) by announcing a five-year financial commitment of $250m.

The Kigali Summit on Malaria and NTDs is currently running alongside the 26th Commonwealth Heads of Government (CHOGM) meeting.

Novartis’ investment prioritises malaria – a disease it has been focussed on eliminating for many years. It also includes a $100m investment to advance the research and development of its neglected tropical disease programme, concentrating on novel drug candidates for four diseases.

In partnership with Wellcome, the Novartis Institute for Tropical Diseases is working to discover novel anti-parasitic therapies for Chagas disease. Furthermore, the company is collaborating with the Drugs for Neglected Diseases Initiative to jointly develop LXE408 for the treatment of visceral leishmaniasis. It will also be developing therapies for dengue fever and parasitic diarrhoea – major causes of mortality among young children in developing countries.

“Over the past decade, great progress has been made against NTDs, but there is still a lot more work to be done. Novartis will continue progressing our longstanding commitment to helping realise a world free of NTDs,” explained Vas Narasimhan, CEO of Novartis. “Today, by endorsing the Kigali Declaration and pledging to invest $250m, we aim to accelerate progress toward elimination of these diseases, which continue to cause suffering and stigma for millions of people around the globe.”

Novartis was among the original endorsers of the London Declaration on NTDs in 2012, committing to a multidrug therapy donation to support global efforts to eliminate leprosy. This was followed with a further commitment of $100m toward the fight against malaria in 2018.

Around the world, 1.7 billion people suffer from NTDs, which are prevalent in tropical areas and mostly affect impoverished communities, causing devastating health, social and economic consequences.

By John Pinching

Source: pharmatimes.com

comments closed

Related News

August 7, 2022

Amid Wegovy’s supply woes, Novo Nordisk sees surging demand for its original obesity drug Saxenda

Life sciences

After a contract manufacturing snafu in December, supply of Novo Nordisk’s GLP-1 med for obesity appears to be back on track in the U.S.—mostly. Novo’s Wegovy manufacturing partner—which the Danish company previously confirmed to Fierce Pharma as Catalent—restarted production on the med in 2022’s second quarter. As a result, 1.7-mg and 2.4-mg doses of Wegovy are back on tap in the U.S. market, Novo said in a recent investor report.

August 7, 2022

After delay, CSL’s $11.7B deal for Vifor poised to close next week

Life sciences

Once the offer is settled, CSL expects to get its hands on more than 97% of Vifor shares. At the same time, CSL plans to have Vifor apply for the delisting of its shares post-close. CSL has also filed an action to cancel remaining publicly held Vifor shares to satisfy Swiss takeover rules.

August 7, 2022

Amgen to acquire biopharma firm ChemoCentryx for $3.7bn

Life sciences

Amgen has signed a definitive agreement to acquire biopharmaceutical company ChemoCentryx for $52 for each share in cash or a total enterprise cost of nearly $3.7bn. ChemoCentryx focuses on orally administered therapeutics for the treatment of inflammatory disorders, autoimmune ailments and cancer.