Government Grant for University and Industry Collaboration
Released
Released
Announcement PDF
ASX Announcement
$5m Federal Government Grant for University and Industry
Collaboration with Recce Pharmaceuticals
Sydney, Australia, 30 August 2019: Recce Pharmaceuticals Ltd (ASX:RCE) (Recce or
the Company), the Company developing a New Class of Broad Spectrum Antibiotics, today
announced a successful grant application as 1 of 5 Industrial Partners in collaboration with
16 University and Public Health Organisations, to establish a National Anti-Microbial
Resistant (AMR) Research Hub (the Hub) in Sydney, Australia to combat antimicrobial
resistance.
The Australian Research Council (ARC) has awarded almost $5 million to the Hub. Recce
and other leading industry partner organisations will engage with Australia’s key
researchers and wider stakeholders to address the urgent challenge of antimicrobial
resistance.
Recce Chairman Dr John Prendergast said, “If the world is to address the increasing threat
of antimicrobial resistance, it’s vital that Governments, industry and academic researchers
work together. The funding for this valuable interdisciplinary collaboration will help maximise
the value of our product pipeline and accelerate our efforts to identify and commercialise
new antibiotics for patients and clinicians worldwide.”
“Participation aligns with our goals of working to make a contribution to global health and we
look forward to working with the Hub committee as a key industry partner,” he said.
The Hub is a collaboration between the following organisations:
Universities:
•
University of New South Wales Sydney (Kirby Institute, Centre for Social Research in
Health)
•
University of Queensland
•
Monash University
•
University of Technology Sydney
•
University of Melbourne
Industrial Partners:
•
SpeeDx Pty Ltd
•
Cepheid
•
Recce Pharmaceuticals Ltd
•
Opal Biosciences Ltd
•
Boulos and Cooper Pharmaceuticals Pty Ltd
Public Research Organisations:
•
The Global Antibiotic Research & Development Partnership (GARDP)
•
The Foundation for Innovative New Diagnostics (FIND)
•
The Central and Eastern Sydney Primary Health Network
•
NPS MedicineWise
Other collaborating organisations: Murdoch Children's Research Institute, WHO
Collaborating Centre for Sexually Transmitted Infections and Antimicrobial Resistance,
Melbourne Sexual Health Clinic, Western Sydney Sexual Health Centre, Sydney Sexual
Health Centre, PNG Institute of Medical Research, and Thai Red Cross AIDS Research
Centre.
For further information please visit www.recce.com.au or contact:
Investor Relations
James Graham
Executive Director
Recce Pharmaceuticals Ltd
Tel: +61 (02) 8075 4585
Media (Australia)
Andrew Geddes
CityPR
Tel: +61 (02) 9267 4511
Media (International)
Sue Charles/Gemma Harris
Instinctif Partners
Tel: +44 (0)20 7866 7860
E: recce@instinctif.com
About Recce Pharmaceuticals Ltd
Recce Pharmaceuticals Ltd (ASX: RCE) is pioneering the development and
commercialisation of a New Class of Synthetic Antibiotics with Broad Spectrum activity
designed to address the urgent global health problem of antibiotic resistant superbugs.
Recce antibiotics are unique – their potency does not diminish even with repeated use,
which is a common failure associated with existing antibiotic use and the resulting
emergence of resistant superbugs. Patented lead candidate RECCE® 327, wholly owned
and manufactured in Australia, has been developed for the treatment of blood infections and
sepsis derived from E. coli and S. aureus bacteria – including their superbug forms. The
FDA has awarded RECCE® 327 Qualified Infectious Disease Product designation under the
Generating Antibiotic Initiatives Now (GAIN) Act – labelling it for Fast Track Designation,
plus 10 years of market exclusivity post approval. Recce wholly owns its automated
manufacturing, ready to support first-in-human clinical trials. Recce’s anti-infective pipeline
seeks to exploit the unique capabilities of RECCE® technologies targeting synergistic,
unmet medical needs.
For further information please visit www.recce.com.au or contact:
Investor Relations
James Graham
Executive Director
Recce Pharmaceuticals Ltd
Tel: +61 (02) 8075 4585
Media (Australia)
Andrew Geddes
CityPR
Tel: +61 (02) 9267 4511
Media (International)
Sue Charles/Gemma Harris
Instinctif Partners
Tel: +44 (0)20 7866 7860
E: recce@instinctif.com
Share your feedback
Discover