EU Malaria Fund: Sanaria Inc. to receive financing for development of Malaria vaccine
On November 5, 2020, the EU Malaria Fund Berlin has presented its next investment in support of the development of interventions against the deadly disease. Sanaria Inc. will receive 12.9M EUR for the development of two malaria vaccines, one malaria therapeutic, and one oral Sars-CoV-2 vaccine. Sanaria Inc. is a late-stage clinical biotech company located in Maryland, USA, and was founded in 2003.
During the signature ceremony, Dr. Stephen L. Hoffman - Sanaria’s founder and CEO - stated, “Malaria continues to exact a devastating toll, especially among the most under-served populations in sub-Saharan Africa. A vaccine to prevent malaria is an essential tool for the control and elimination of this scourge, yet the funds invested in malaria vaccine research and development have been far from sufficient compared to the magnitude of the problem. We applaud the establishment of the European Union Malaria Fund to address this critical funding gap. Sanaria was founded to develop attenuated, whole-parasite, PfSPZ vaccines for preventing malaria and we are grateful and honored to be the recipient of this financial investment by the EU Malaria Fund in Sanaria’s PfSPZ malaria vaccine program.”
Dr. Pedro Alonso, Director of the World Health Organisation’s Global Malaria Programme, added: “Together with WHO’s technical expertise we are confident of accelerating the development of new and innovative tools. The investment of the EU Malaria Fund in Sanaria will meaningfully advance the renewed efforts in our fight against Malaria."
Holm Keller, Co-Managing Director of the EU Malaria Fund, concluded: “We are very excited about this new investment. Sanaria is developing one of the most advanced malaria vaccines candidates worldwide. We hope that this investment will substantially further the path towards elimination of this terrible disease."