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| Funder | European Commission |
|---|---|
| Recipient Organization | Omnix Medical Ltd |
| Country | Israel |
| Start Date | Jul 01, 2021 |
| End Date | Oct 31, 2023 |
| Duration | 852 days |
| Number of Grantees | 2 |
| Roles | Coordinator; Principal Investigator |
| Data Source | European Commission |
| Grant ID | 966627 |
We are in living in times where the efficacy of antibiotics is no longer guaranteed.
Despite the urgent need to mitigate the spread of antimicrobial resistance (AMR), very few antibiotics are being developed. AMR management costs €1.5 B and causes 33,000 deaths each year in the EU.
We at Omnix are determined to change lives and repopulate drug development pipelines by demonstrating clinical efficacy of a novel class of antibiotics.
We have made potent antimicrobial peptides found in nature druggable, by hampering their biodegradability using our proprietary platform technology. The results are highly selective, life-saving therapies which are safe to humans.
These bioengineered peptides constitute a new class of antibiotics due to their unique mechanism of action, which remains effective regardless of underlying resistance patterns.We intend to solve the most urgent clinical need in infectious disease management by targeting drug resistant pathogens topping the WHO’s priority list.
The project will demonstrate clinical safety and efficacy in treating A. baunmannii infections. This top-most critical pathogen exerts a mortality rate of ~40%. We have already successfully established a preclinical proof of concept for our lead candidate. Commercialisation is planned to take place with a partner from the pharma sector.
The deal size is predicted to be €150-250 and conservative estimates on sales forecast revenues around €50 M five years after launch.
Revenues will be reinvested into developing antibiotics for other critical pathogens and into scaling Omnix to over 150 employees.Our approach has the potential to make a significant impact on the global AMR challenge, as we base our drug design on peptides that have remained effective for millions of years, demonstrating a low risk of trigger emergence of new resistance.
Treating infections with such potent natural defenses will constitute a true paradigm shift in infections disease management.
Omnix Medical Ltd; University of California - Merced
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