LEXINGTON, Mass., June 16, 2011 /PRNewswire-USNewswire/ -- Cubist Pharmaceuticals, Inc. today praised Rep. Phil Gingrey, R-Ga., and co-sponsors for introducing the Generating Antibiotic Incentives Now (GAIN) Bill of 2011. This critical piece of legislation was crafted to help restore a robust antibiotic development pipeline to address the growing public health threat due to emerging multi-drug-resistant (MDR) bacteria.
The bi-partisan legislation calls for the enactment of specific economic and market incentives to entice pharmaceutical companies to develop new antibiotics to treat the growing number of serious infections caused by MDR bacteria. For example, the legislation's provision for extending the exclusivity granted to some badly-needed antibiotics is designed to have the same impact on antibiotic R&D as the Orphan Drug Act had on drugs to treat rare diseases, which now enjoy a healthy pipeline.
"Cubist Pharmaceuticals applauds Congressman Gingrey and his colleagues for their foresight in bringing the GAIN Bill forward," said Michael Bonney, President and CEO of Cubist Pharmaceuticals. "The antibiotic development pipeline is in danger of running dry. Without policies to reverse this market failure, our public health system is at risk of increased treatment costs in the vicinity of $20 billion a year. In addition, our national security can be vulnerable to a bio-terrorist attack using antibiotic-resistant organisms."
The Infectious Diseases Society of America (IDSA), which represents physicians, scientists and other health care professionals who specialize in infectious diseases, estimates there are 100,000 U.S. deaths each year from hospital-acquired infections due mostly to antibiotic-resistant pathogens. To help spur the pipeline, IDSA released the "Bad Bugs Need Drugs 10x20" plan, an initiative promoting the introduction of 10 new antibiotics into the U.S. market by 2020. The GAIN Bill supports this goal by bringing new i
|SOURCE Cubist Pharmaceuticals, Inc.|
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