Finance Watch: Investment In Novel Antibacterials Gets A New Boost With Qpex Launch

Repeat antibiotic entrepreneurs raised $33m to launch Qpex with assets from The Medicines Co. Also, Taiho increases VC fund to $300m and TP Therapeutics raises $80m.

Finance Watch

Biopharmaceutical executives behind Rempex Pharmaceuticals Inc. and Mpex Pharmaceuticals Inc. raised $33m in Series A venture capital to launch Qpex Biopharma, continuing their entrepreneurial legacy of antibiotic development at a time when early-stage antibacterial investment is on an upswing.

The global attention being paid to the problem of antimicrobial resistance (AMR) by the US Centers for Disease Control (CDC),...

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