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Quest for new antibiotics gets first major funding from global partnership

March 30, 2017 at 11:00 a.m. EDT
The last time scientists discovered a truly new antibiotic was in 1984. Here's why. (Video: Pew Charitable Trust)

A major global partnership aimed at fighting superbugs announced Thursday that it is investing up to $48 million in research projects, including potentially the first new classes of antibiotics in decades, to target the deadliest drug-resistant bacteria.

The investments announced by CARB-X include $24 million in immediate funding for 11 companies. The firms can receive up to $24 million in additional payments over three years if they meet specific milestones.