Stable IV formulation to treat systemic susceptible and resistant Gram-positive hospital-acquired infections

MGB Biopharma, a biopharmaceutical company developing a truly novel class of anti-infectives, to address the major global problem of antibiotic resistance - announces that it has developed a stable intravenous (IV) formulation of MGB-BP-3, designed for the treatment of systemic susceptible and resistant Gram-positive hospital-acquired infections.

The intravenous formulation of MGB-BP-3 is currently in late stage pre-clinical development, where it is being assessed in a number of models for tolerability and efficacy against specific Gram-positive bacteria, which can cause many of the most common hospital-acquired infections. The foci of these proof of concept studies have been methicillin-resistant Staphylococcus aureus (MRSA), and Streptococcus pneumoniae. MGB-BP-3 has been successfully lyophilised, forming a freeze-dried formulation that is suitable for IV administration in aqueous solution.

MGB-BP-3 is a truly novel antibiotic which has been shown to be active against a broad range of important multi-resistant Gram-positive pathogens. The Company has made significant progress in developing an oral formulation of MGB-BP-3 for the treatment of Clostridium difficile that is due to begin a Phase I clinical study in the coming weeks.

Today's announcement comes at a critical time for the antibiotic industry, in light of the latest report from the O'Neill Review on Antibiotic Resistance (14^th May 2015), which highlighted the human and financial costs that society faces as a result of antibiotic resistant infections, one of the world's most pressing global healthcare problems.

Miroslav Ravic, CEO of MGB Biopharma, said: "The development of this new IV formulation is a fantastic breakthrough for MGB. I would like to congratulate all of the team who were responsible for making this possible. With this new formulation we can increase the utility of MGB-BP-3 significantly as it could allow us to provide clinicians with a truly novel antibiotic to treat the multiple resistant systemic Gram-positive infections that cause many deaths and higher morbidity in patients being treated in hospital."

"The figures highlighted in Jim O'Neill's report - and in particular the potential human cost of not addressing antibiotic resistance - are significant. There is a clear need for novel and differentiated products to tackle the growing concern of antimicrobial resistance (AMR). MGB Biopharma is one of the very few companies in the world developing a completely novel class of antibiotic capable of combating AMR."