-- European Investment Bank and BioVersys sign a financing agreement of up to €20 million to facilitate the development of new treatments against life-threatening resistant bacterial infections.
-- The venture debt loan is financed under the Infectious Diseases Finance Facility set up as part of Horizon 2020, the European Union’s research and innovation programme for 2014-2020.
-- BioVersys has a rich pipeline of drugs in clinical development for the treatment of tuberculosis and hospital-acquired infections, like ventilator-associated pneumonia, seen most recently in COVID-19 patients in intensive care. The company has additional preclinical assets and follow-on programmes all focusing on different unmet medical needs in antimicrobial resistance.

BioVersys announced a collaboration with GlaxoSmithKline to develop a preclinical candidate against tuberculosis, funded by the Wellcome Trust. The collaboration will utilize BioVersys’ award-winning innovative TRIC technology that enables the discovery of Transcriptional Regulator Inhibitory Compounds. The project, built upon a very long history of TB research in Lille, will advance molecules that reactivate the efficacy of established TB therapies.