Swiss government funds four new Covid treatment drugs
Date
12/14/2021 9:22:44 AM
(MENAFN- Swissinfo) © Keystone / Gaetan Bally
Four Swiss-based companies will received state funding to develop a range of new drugs to treat coronavirus, which are expected to be available by the end of 2022.
The contracts were signed in the context of the federal Funding Programme for COVID-19 Medicines, run by the Federal Office for Public health (FOPH) and the Swiss Innovation Agency Innosuisse, the government said on MondayExternal link .
The total value of the four deals is CHF27 million ($29.2 million).
The projects aim to treat a range of the symptoms caused by a Covid-19 infection and to mitigate the length and severity of illness.
Two of the drugs are monoclonal antibody treatments: one for the neuropsychiatric symptoms in sufferers of long Covid, and the other for use on patients at risk of a severe course of Covid-19. A third project is developing an oral pulmonary vasodilator which makers hope will prevent respiratory failure and reduce the need for artificial ventilation.
A final project is an antiviral and anti-inflammatory to treat “all severities of Covid-19”.
Switzerland will enjoy“certain benefits” in return for its investment, the government stated. This includes having a first option on purchases of the drugs.
The government's medical procurement capabilities to tackle the coronavirus pandemic come under the remit of the Covid-19 law, approved for a second time by voters in a nationwide referendum two weeks ago.
MENAFN14122021000210011054ID1103359448
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.