Icelandic Startup Secures €6 Million EU Funding to Tackle Drug-Resistant Infections

Date:

Reykjavik-based Akthelia Pharmaceuticals and the University of Iceland has been awarded a €6 million grant by Horizon Europe to combat antimicrobial resistance (AMR). This occurs when bacteria, viruses, fungi, and parasites cease to respond to medicines, making treatments a challenge. AMR is considered among the major threats to global health as “pan-drug”-resistant strains continue to emerge, causing approximately 5 million deaths per year.

In order to counteract this issue, the EU-funded IN-ARMOR project is being launched into motion, led by Aktelia and the University of Iceland. Joining forces with several universities and companies across Europe, the main goal of the project is to develop a new type of drug that can boost the body’s own immune response, also known as “innate immunity”. This could address infections caused by bacteria, viruses, or fungi via nanotechnology and computer-aided drug design.

The team hopes the drug could eventually be used by itself, not just in combination with current treatments, potentially saving long-term €107 billion in antibiotics development and contributing to better global heath by reducing the disease burden by 97 million DALYs (years of life lost due to premature mortality).

Akthelia Pharmaceuticals is a Reykjavík based pharmaceutical company that specialises in research on innate immunity and antimicrobial peptides. The University of Iceland, another member of the project team, is one of the owners of Akthelia and will form a major part of the research and development.

Guðmundur Hrafn Guðmundsson is a professor at the University of Iceland and the Chief Scientific Officer at Akthelia Pharmaceuticals. He is a driving force behind the IN-ARMOR project; with his research on innate immunity and antimicrobial peptides, he’s leading the way for a potential panacea to the world’s most pertinent health issue. Guðmundsson is hopeful that the project’s research can lead to the development of revolutionary new treatments that can save countless lives.

See also  Global Packaging Industry Trends: Sustainability, Smart Packaging, and More

Frequently Asked Questions (FAQs) Related to the Above News

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Share post:

Subscribe

Popular

More like this
Related

Obama’s Techno-Optimism Shifts as Democrats Navigate Changing Tech Landscape

Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?

Tech Evolution: From Obama’s Optimism to Harris’s Vision

Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?

Tonix Pharmaceuticals TNXP Shares Fall 14.61% After Q2 Earnings Report

Tonix Pharmaceuticals TNXP shares decline 14.61% post-Q2 earnings report. Evaluate investment strategy based on company updates and market dynamics.

The Future of Good Jobs: Why College Degrees are Essential through 2031

Discover the future of good jobs through 2031 and why college degrees are essential. Learn more about job projections and AI's influence.