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

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.