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Wednesday, February 5, 2020

BARDA OKs additional funding for development of Spero antibiotic

The U.S. Biomedical Advanced Research and Development Authority (BARDA) has exercised its option under a 2018 contract to provide an additional $15.9M of funding to Spero Therapeutics (SPRO -2.1%) to support the development of tebipenem HBr for the treatment of complicated urinary tract infections (cUTI), a Fast Track- and Qualified Infectious Disease Product-tagged indication in the U.S.
A Phase 3 study, ADAPT-PO, is ongoing with topline data expected in Q3.
Tebipenem HBr (tebipenem pivoxil hydrobromide; formerly SPR994) is an oral carbapenem antibiotic marketed in Japan by Meiji Seika Pharma Co., Ltd. for infections related to pneumonia, otitis media (ear infection) and sinusitis in children.
https://seekingalpha.com/news/3538623-barda-oks-additional-funding-for-development-of-spero-antibiotic

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