Sunday, September 8, 2024
23.1 C
Lagos

Novartis Expands Partnership for New Anti-Malaria Solution

Novartis has announced it will further expand its long-standing partnership with Medicines for Malaria Venture (MMV). Novartis will lead the development of anti-malarial compound KAF156 with scientific and financial support from MMV in collaboration with the Bill & Melinda Gates Foundation.

This agreement sets out the terms and conditions for the development of KAF156 and its future availability to patients.

“With a child dying from malaria every two minutes and the threat of drug resistance growing year-on-year, there is a real urgency to step up global efforts to combat this disease,” said Joseph Jimenez, CEO of Novartis. “Partnerships and collaborations like this one with MMV are essential for the development of next generation anti-malarials and accelerating efforts to eradicate this deadly disease.”

KAF156 belongs to a novel class of anti-malarial molecules and is one of the first anti-malarial drug candidates to enter Phase IIb clinical development in more than 20 years. It acts against the two parasites responsible for the majority of malaria deaths (Plasmodium falciparum and Plasmodium vivax) and against both the blood and liver stages of the parasite’s lifecycle.

Further, it has the potential to provide a more convenient dosing regimen and to address the multidrug resistance that has emerged in five countries of the Great Mekong Sub-region (GMS). KAF156 builds on the heritage of Novartis in anti-malarial drug development and the launch in 1999 of Coartem®, the first fixed-dose Artemisinin-based Combination Therapy (ACT). ACT is the current standard of care in malaria treatment.

“We are delighted to extend our partnership with Novartis in the development of this exciting candidate anti-malarial medicine with the potential to tackle drug resistance and improve patient compliance,” said Dr. David Reddy, CEO of MMV. “As such, this agreement marks an important milestone, as MMV continues its mission to discover, develop and deliver new, effective and affordable anti-malarials to the patients who need them most.”

The Novartis Malaria Initiative is committed to drive research, development and access to novel drugs to eliminate malaria. It is one of the pharmaceutical industry’s largest access-to-medicine programs.

Since 2001, the initiative has delivered more than 750 million treatments without profit, including 300 million dispersible pediatric treatments, developed by Novartis in collaboration with MMV, mostly to the public sector of malaria-endemic countries.

Although preventable and treatable, malaria continues to kill a child every two minutes and threatens the lives of many more.(1) It is caused by parasites transmitted to people through the bite of infected mosquitoes.

A comprehensive range of interventions is required to eradicate the disease, from bed nets and spraying for prevention to diagnostics and medicines to treat the disease and block its transmission.

spot_img

Hot this week

‘NNPC Not the Sole Offtaker, Market Open to Lower Prices from any Domestic Refinery’

The attention of the NNPC Limited has been drawn...

NAICOM Boss Visits Aviation Minister to Discuss Issues of Industry Growth

The Commissioner for Insurance and Chief Executive of the...

$1tn Economy: Experts to Discuss Insurance, Pension Impact at NAIPE Confab

The Nigerian Association of Insurance and Pension Editors (NAIPE)...

Guinea Insurance Reports ₦477.7m Profit in FY 2023

Guinea Insurance Plc has reported a significant 49.4% increase...

Polaris Bank, NCF take Tree Planting Initiative to Kano State

Polaris Bank Limited has taken its tree planting initiative...

Topics

Heritage Bank: No Relationship with Heritage Capital

Heritage Bank Limited says there is no form of...

Ethiopian Airline Plans 15 Boeing 777-8s for Fleet

Ethiopian Airlines plans to buy between 10 and 15...

Brokers Target Generation of 90% Premium in Insurance Sector

    L-R: Mr. Atanda Olatokunbo, Controller, Internal Audit & Compliance,...

The Business Case for Housing Microfinance in Sub-Saharan Africa

A new study from Habitat for Humanity says that...

Employment in Nigeria Decreased Marginally – PMI Report

  Despite predictions of a huge rise in unemployment due...

Nigerian Digital Market to Feature at BBM Innovation Event

Creative Media Works operating as BBM Messenger invites stakeholders...

Vodacom Partners Microsoft to Enable Greater Agile Businesses

L-R: Commercial Director, Vodacom Business Nigeria, Solomon Ogufere; Head,...

Sustained Sell-offs Drag Equities Market… ASI Down 56bps

The downward trend in the equities market continued following price...
spot_img

Related Articles

Popular Categories

spot_imgspot_img