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Gunning to beat back a global scourge of superbugs, a transatlantic group is committing tens of millions of dollars, some of that from American taxpayers, to back biotech startups developing novel antibiotics.

The project, called CARB-X, plans to dole out $44 million in its first year and as much as $350 million in the next five years in grants to small companies. It’ll draw funds from the US government and a public-private initiative in the United Kingdom.

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The goal is to get at least two new drugs into human trials in the next five years.

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