Glox Therapeutics Secures £1m PACE Grant for Antibiotic Innovation
Deal News | Nov 21, 2024 | Scottish Enterprise

Glox Therapeutics, an innovator in the field of precision antibiotic therapies, has been awarded a £1 million grant from PACE—Pathways to Antimicrobial Clinical Efficacy. This initiative is one of the most significant public-private collaborations in the UK focused on early-stage antimicrobial drug and diagnostic discovery. The grant aims to boost Glox Therapeutics' efforts to develop antibiotics derived from naturally occurring bacteriocins, which can effectively tackle antimicrobial-resistant pathogens. The funding highlights the importance of advancing medical research in response to the growing threat of antimicrobial resistance and underscores the role of public-private partnerships in facilitating such advancements.
Sectors
- Biotechnology & Pharmaceuticals
- Healthcare
Geography
- United Kingdom – The article discusses a grant awarded within the UK, highlighting the country's dedication to combating antimicrobial resistance through public-private partnerships.
Industry
- Biotechnology & Pharmaceuticals – Glox Therapeutics is developing precision antibiotics, placing it squarely within the Biotechnology & Pharmaceuticals sector, which focuses on drug development and medical research.
- Healthcare – The initiative to develop antibiotics for antimicrobial-resistant pathogens is a significant part of healthcare innovation and solutions.
Financials
- £1,000,000 – Grant funding provided to Glox Therapeutics by the PACE initiative.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Scottish Enterprise | PE Firm | Company | A prominent public body in the UK providing funding and support to innovative companies. |
| Glox Therapeutics | Target Company | Company | A company specializing in the development of precision antibiotics. |
| PACE (Pathways to Antimicrobial Clinical Efficacy) | Funding Initiative | Other | One of the UK's largest public-private initiatives focused on antimicrobial drug and diagnostic discovery. |