Pharmaceuticals scale back antibiotic research as profit margins bite
Ten of the world’s top 15 pharmaceutical companies ceased funding, spun off or greatly curtailed research on antibiotics recently, Wyeth researcher Steven Projan told doctors at a meeting in Chicago.
Companies see little growth in the $24 billion antimicrobial market and are putting their money elsewhere, such as arthritis and mental illness, he said. Many infections are treated with cheap, generic antibiotics, making the market unappealing, Projan said.