Launched in 2020, the AMR Action Fund expects to raise more than USD 1 billion. This will be used to invest in smaller biotech companies and to provide industry expertise to support the clinical development of new antibiotics.

It will strengthen and accelerate the research and development (R&D) of antibiotics through investment and providing industry resources and expertise to biotechnology companies.

But, while the Fund is helping to bridge the clinical funding gap, it cannot address the fundamental problem: not enough antibiotics are being produced.

It’s widely agreed that market-based policy reforms, including reimbursement reform and new incentives, are required to create market conditions that enable sustainable investment in antibiotic R&D.

Investment in developing new antibiotics is falling because, despite the vast societal costs of AMR, there is no viable market for new antibiotics.

This is because new antibiotics are used sparingly to preserve effectiveness, so developers don’t have a chance to recoup their investment. The result is an enormous public health need for new antibiotics, but a lack of funding for antibiotic R&D, especially the later stages of clinical research.

In April 2022, the AMR Action Fund announced its first two investments, in

There are simply not enough antibiotics in development, which has created a “valley of death” between discovery and patients.

Although the innovative pharmaceutical industry is being proactive, governments must act decisively to revitalize the antibiotics market and make sure the pipeline meets patient needs.

Policymakers across the globe must make market-based reforms to create an environment where antibiotic R&D can flourish in future.