NESS ZIONA, Israel /PRNewswire/
Antimicrobial resistance (AMR), which is mainly caused by antibiotic use, is one of the top 10 global public health threats facing humanity, according to the World Health Organization.
David Javier Iscovich, Mileutis CEO and co-founder: “Mileutis is working to reduce the global threat of antibiotics resistance, first in animals, specifically in the dairy industry and later in humans. We do it by developing biologically sourced, safe, and residual-free therapies for widespread diseases”
A recent report by the FAIRR (Farm Animal Investment Risk & Return) Initiative, an investor network with 250 investor members representing $40 trillion assets under management, recognized Israeli biopharma company Mileutis for taking the lead in combating anti-microbial resistance (AMR).
Antimicrobial resistance (AMR) is one of the top 10 global public health threats facing humanity, according to the World Health Organization. A leading cause of AMR is the overuse of antibiotics. The more we use antibiotics, the more chances bacteria will become resistant to them. This means that antibiotics will not work as well when we need them in the future.
The Director-General of the World Health Organization and the European Commissioner for Health and Food Safety, recently warned that “So far 3.4 million lives have been lost to COVID-19, but the death toll from AMR could be higher unless there is urgent action.”
As part of its research report, FAIRR assessed leading companies in the animal health sector, to understand how these companies are addressing AMR through improved stewardship, sales and marketing practices, manufacturing production, investment in R&D, etc.
The FAIRR report chose to profile Mileutis as a company which brings an alternative to the widespread use of antibiotics in the animal health sector. The report stated that Mileutis is “taking the lead in combatting AMR,” and noted that “in addition to addressing the global challenge of AMR, Mileutis’ products have many benefits for the farmers, consumers, the environment, and the dairy cows themselves.”
Mileutis, which was established in 2004, is headed by its co-founder David Javier Iscovich, who serves as the company’s CEO. The R&D effort is being led by Dr. Jose Iscovich, president, and co-founder of the company. In October 2020, the company announced that it raised $20 million from NovaQuest Capital Management, a first-time investment in the animal health sphere by the North Carolina based private equity firm.
Mileutis plans to introduce Imilac™, for use in the management, treatment, and prevention of bovine mastitis at dry-off, with estimated potential annual revenue of above $1 billion globally. Mastitis is the most frequent disease in dairyherds worldwide, and the most costly. The novel residue-free peptide developed by Mileutis is the first in a series of patented products targeting the growing concern of antibiotic resistance and overuse of antibiotics in the global dairy industry.
David Javier Iscovich, Mileutis CEO and co-founder, stated: “It is an honor for Mileutis to be featured by a top investment network such as FAIRR as one of the leading companies in the animal healthcare sector, working to reduce the risk of AMR with our revolutionary technology and products. Our vision is clear: we are working to solve the global problem of antibiotics resistance, first in animals and in the long run, in humans. We do it by developing biologically sourced, safe, and residual-free therapies. Those new products will reduce the use of antibiotics for a wide variety of indications in animal and later in human health”
Established by the Jeremy Coller Foundation, the FAIRR Initiative is a collaborative investor network that raises awareness of the environmental, social and governance (ESG) risks and opportunities brought about by intensive livestock production.
With offices based in London, FAIRR provides cutting-edge research, best practice tools and collaborative engagement opportunities to help investors integrate these risks and opportunities into their investment decision-making and active stewardship processes.
FAIRR members include high profile companies such as Fidelity, Pimco, Somitomo Mitsui, and many others.