CARB-X IS FUNDING GANGAGEN BIOTECHNOLOGIES TO DEVELOP A NEW DRUG TO TREAT PNEUMONIA CAUSED BY MULTIDRUG-RESISTANT KLEBSIELLA PNEUMONIAE BACTERIA

CARB-X announced today it is awarding up to US$2.5 million to GangaGen Biotechnologies, headquartered in Bangalore, India, to develop novel antibacterial proteins, called klebicins, to treat pneumonia caused by Klebsiella pneumoniae, a difficult-to-treat bacteria belonging to the Enterobacterales family of Gram-negative pathogens. GangaGen will be eligible for an additional $8.1 million in funding from CARB-X if project milestones are met, subject to available funds.