U.S. Treasury’s Yellen endorses G7 statement on antibiotics

14 December 2021

U.S. Treasury Secretary Janet Yellen on Monday endorsed a G7 finance leaders statement supporting development of new antibiotics to combat growing microbial resistance that is causing a “silent pandemic” that annually kills 700,000 people globally.

The G7 finance ministers, who met virtually on Monday, agreed to take additional steps to address increasing drug-resistant infections and “market failure” in the development of new antibiotic drugs.

The G7 ministers said in the statement that they would work to “create the right economic conditions to preserve essential existing antibiotics and ensure their access, strengthen AMR antibiotic research and development, and bring new drugs to market where they meet identified public health needs.”

Further reading: Reuters

Author(s): Reuters

Smart Innovations