TOKYO, April 22, 2026 /PRNewswire/ — The Global Health Innovative Technology (GHIT) Fund announced today a total investment of approximately JPY 1.37 billion (USD 8.5 million1) in five R&D projects for the development of drugs for malaria and neglected tropical diseases (NTDs).2
Investment of approx. JPY 700 million (USD 4.4 million1) for preclinical development of an antimalarial drug
Malaria is a serious infectious disease that affects more than 280 million people and claims approximately 610,000 lives worldwide each year. Over 95% of all malaria cases occur in Africa, with more than 75% of those affected being children under the age of 5.3 Countermeasures against Plasmodium falciparum malaria, which has a particularly high case fatality rate, and Plasmodium vivax malaria, which is prevalent in Southeast Asia and the Americas, are an urgent priority. To end the epidemics of malaria, new drugs with novel modes of action which overcome known resistance associated with existing therapeutics are needed. It is crucial to develop compounds that can block transmission and be used for chemoprevention, acute treatment, and treatment of relapsing malaria are especially valuable to drive eradication.
To address this issue, the GHIT Fund is investing approximately JPY 700 million (USD 4.4 million1) in a global partnership aimed at the preclinical development of an antimalarial drug which could be used for treatment, chemoprevention or Single Encounter Radical Cure and Prophylaxis (SERCAP) of malaria. This project is being led by Medicines for Malaria Venture (MMV), Tanabe Pharma Corporation in Japan, and the University of Georgia in the United States. The investment builds on a prior GHIT-supported project3 that received approximately JPY 600 million (USD 3.8 million1) between 2015 and 2025. Through this project, there is also the prospect of developing a long‑acting injectable that can provide three or more months of protection against recurrent Plasmodium vivax malaria.
Investment of approx. JPY 330 million (USD 2 million1) in global evaluation in Kenya, Senegal and India and regulatory registration for Eumycetoma
Eumycetoma is a severely neglected tropical disease that causes chronic, destructive infections, often leading to disability, amputation, loss of income, and social stigma. It affects tens of thousands of people in resource-constrained rural communities across Africa, Asia, and Latin America, with the highest burden reported in the so-called “mycetoma belt” between latitudes 15° S and 30° N. Although underreported, global estimates suggest that more than 100,000 people may be living with the disease, with thousands of new cases annually. Despite its significant impact, current treatments remain limited and are often toxic and poorly tolerated.
The GHIT Fund has been investing in a collaboration between Eisai Co., Ltd. and Drugs for Neglected Diseases initiatives (DNDi) to develop a treatment for mycetoma since 2017. This support began with a Phase II randomized clinical trial conducted in Sudan and, since 2023, has extended to supporting the registration of fosravuconazole based on the trial results as well as a cohort study providing controlled early access to fosravuconazole for patients with eumycetoma in Sudan. To the best of our knowledge, no drug for mycetoma has been evaluated through randomized controlled trials in patients diagnosed with the disease prior to the initiation of the GHIT Fund-supported trial in Sudan.
Building on the results obtained in the study, the GHIT Fund has decided to invest approximately JPY 330 million (USD 2 million1) in a project to conduct multi-country, open‑label clinical trials in Kenya, Senegal, and India to generate additional evidence for the WHO recommendation and regulatory registration of fosravuconazole for eumycetoma. The new trial will address limitations of the earlier study, including small sample size, single‑country population, and limited pathogen diversity.
In addition, the GHIT Fund will invest a total of approximately JPY 340 million (approx. USD 2.1million1) in the following three R&D projects:
- Prolyl tRNA synthetase inhibitors as a new antimalarial project led by MMV, GSK (GlaxoSmithKline Investigacion y Desarrollo, S.L.), and the University of Tokyo.
- Hit-to-Lead project for an antimalarial drug led by MMV and DAIICHI SANKYO COMPANY, LIMITED.
- Screening project for antimalarial drugs that inhibit Serine Hydroxymethyltransferase (SHMT) led by Eisai Co., Ltd. and MMV.
Please refer to Appendix 1 for detailed descriptions on these projects and their development stages.
As of March 31, 2026, there are 42 ongoing projects, including 20 discovery projects, 13 preclinical projects, and 9 clinical trials5 in the GHIT Fund’s portfolio. The total amount of investments since 2013 is JPY 43.9 billion (USD 274 million1) (Appendix 2).
1 USD 1 = JPY 159.90, the approximate exchange rate on March 31, 2026.
2 These awarded projects were selected and approved as new investments from among proposals to RFP2023-001, RFP2025-001 and RFP2025-002 for the Target Research Platform, the Screening Platform, the Hit-to-Lead Platform, and the Product Development Platform, , which were open for applications from October 2022 to June 2025.
3 WHO: https://www.who.int/news-room/fact-sheets/detail/malaria
4 Project details: G2023-104 https://www.ghitfund.org/investment/portfoliodetail/detail/211/
G2018-202: https://www.ghitfund.org/investment/portfoliodetail/detail/136
H2016-101: https://www.ghitfund.org/investment/portfoliodetail/detail/93
S2014-212: https://www.ghitfund.org/investment/portfoliodetail/detail/56
5 This number includes projects in the registration phase.
The GHIT Fund is a Japan-based international public-private partnership (PPP) fund that was formed between the Government of Japan, multiple pharmaceutical companies, the Gates Foundation, Wellcome, and the United Nations Development Programme (UNDP). The GHIT Fund invests in and manages an R&D portfolio of development partnerships aimed at addressing neglected diseases, such as malaria, tuberculosis, and neglected tropical diseases, which afflict the world’s vulnerable and underserved populations. In collaboration with global partners, the GHIT Fund mobilizes Japanese industry, academia, and research institutes to create new drugs, vaccines, and diagnostics for malaria, tuberculosis, and neglected tropical diseases.
https://www.ghitfund.org/
Appendix 1. Project Details
ID: G2025-102
|
Project Title |
Preclinical development of a target-based series with potential for treatment, SERCAP and chemoprevention of malaria. |
|
Collaboration Partners |
1. Medicines for Malaria Venture (MMV) 2. Tanabe Pharma Corporation (Japan) 3. University of Georgia |
|
Disease |
Malaria |
|
Intervention |
Drug |
|
Stage |
Pre-clinical |
|
Awarded Amount |
JPY 698,830,300 (USD 4.4 million) |
|
Status |
Continued project |
|
Summary |
[Project objective] The key project aim is to complete the IND-enabling preclinical development studies on MMV172 targeting monthly single oral dose chemoprevention. The project will also continue to determine the efficacy of MMV172 in the primate model of relapsing P. vivax malaria to develop an understanding of the anti-hypnozoite PK/PD relationship required to determine if MMV172 also meets the dose criterion for SERCAP (Single Encounter Radical Cure and Prophylaxis) or, if necessary, to guide selection of alternative compounds from the series that may be better suited. The second aim of the project is to deliver one or more differentiated Late Lead(s) against a second target product profile; either an oral treatment for relapsing P.vivax malaria or a long-acting injectable for chemoprevention, depending on the outcome of profiling studies and the eventual indication for MMV172. Those compounds would be potential back-up if MMV172 is not meeting TPP (Target Product Profile) criteria. [Project design] Starting with the confirmed Late Lead MMV172, the necessary candidate profiling and preclinical development studies will be performed to confirm the compound meets the desired candidate profile and has the necessary data package required to obtain authorization from regulatory authorities to progress into first in human study. Additional parasitology, efficacy, ADME and PK studies will be performed on other compounds to determine their potential to address attrition of MMV172 and/or to meet differentiated target product profiles, and to collect the necessary data package required to confirm them as new Late Lead(s). |
|
Project Detail |
https://www.ghitfund.org/investment/portfoliodetail/detail/258/en |
ID: G2025-211
|
Project Title |
Global Evaluation and Registration of Fosravuconazole for Eumycetoma: Translating Research into Patient Impact |
|
Collaboration Partners |
1. Drugs for Neglected Diseases initiatives (DNDi) 2. Eisai Co., Ltd. (Japan) |
|
Disease |
Mycetoma |
|
Intervention |
Drug |
|
Stage |
Clinical Phase III |
|
Awarded Amount |
JPY 331,404,733 (USD 2 million) |
|
Status |
Continued project |
|
Summary |
[Project objective] The project will generate clinical evidence across diverse endemic regions – Senegal, Kenya, and India – to confirm the efficacy, safety, and pharmacokinetics of fosravuconazole, including against causative organisms beyond Madurella mycetomatis. This follows Phase II results showing good efficacy and a favorable safety profile of fosravuconazole and aims to generate further scientific evidence. To support global introduction, the project will also implement a comprehensive regulatory strategy, including engagement under consideration with several agencies including the WHO and Swissmedic, and prepare for WHO Pre-Qualification (PQ). [Project design] To support regulatory readiness, DNDi and Eisai will seek scientific advice from a stringent regulatory authority, currently planned with Swissmedic through the Marketing Authorisation for Global Health Products (MAGHP) procedure, which enables participation from endemic countries and the WHO PQ team. Together, DNDi and Eisai will develop a global regulatory strategy to facilitate WHO recommendation and registration in endemic countries, supported by early consultations with the WHO. |
|
Project Detail |
https://www.ghitfund.org/investment/portfoliodetail/detail/263/en |
ID: G2022-210
|
Project Title |
Prolyl tRNA Synthetase Inhibitors as New Antimalarials |
|
Collaboration Partners |
1. Medicines for Malaria Venture (MMV) 2. GlaxoSmithKline Investigacion y Desarrollo, S.L. (GSK) 3. The University of Tokyo (Japan) |
|
Disease |
Malaria |
|
Intervention |
Drug |
|
Stage |
Lead Optimization |
|
Awarded Amount |
JPY183,557,100 (USD 1.1 million) |
|
Status |
Continued project |
|
Summary |
[Project objective] The ultimate objective of this drug discovery collaboration is to deliver a Preclinical Candidate which targets Plasmodium ProRS and meets MMV’s candidate criteria for either prophylaxis (TCP-4) or treatment (TCP-1) shown here; https://www.mmv.org/frontrunner-templates. The objective of this two-year proposal is to initiate optimization of the lead pyridylpyrrolidones series to deliver a Late Lead which meets MMV’s criteria for prophylaxis (TCP-4) and is endorsed by MMV ESAC for entry into candidate profiling studies. The Late Lead could be potentially considered for treatment (TCP-1) if the resistance profile of the late lead improves. In more detail the objectives of the lead optimization project aim to achieve: 1. Increased parasite potency (i.e. 3D7 EC50 < 10nM) 2. Improving the predicted pharmacokinetics in humans (according to MMVSola) such that the series is on track to deliver a late lead which meets the dose criteria for prophylaxis, i.e. a single dose <500mg for t>MIC for 7d (minimum) or a single dose <500mg for t>MIC for 28d (ideal). 3. Addressing the hERG inhibition 4. Confirming selectivity for Pf versus Hu ProRS >1000-fold according to appropriate functional biochemical and cellular assays 5. Determination of the parasitological profile, including rate of kill, potency against lab and clinical strains, efficacy in the SCID model, determination of resistance risk (MIR) etc. 6. Identification and mitigation of additional developability and safety risks; Ames, CYP inhibition, CMC. [Project design] A multi-disciplinary drug discovery approach will be used by the project, utilizing the inputs and diverse skills of the project team which has expertise in medicinal chemistry, molecular modeling, parasitology, DMPK and pharmacometrics, toxicology, formulation and scale-up chemistry. Starting from the Early Lead, rational and systematic modifications will be made to further improve the overal properties based on state-of-the-art capabilities and data generated at MMV, GSK and the University of Tokyo. As the target of these molecules is an enzyme essential to the growth of the malaria parasite, and structural information is available, a structure-based drug design (SBDD) approach will be applied. |
|
Project Detail |
https://www.ghitfund.org/investment/portfoliodetail/detail/260/en |
ID: H2025-102
|
Project Title |
Hit-to-Lead development of a series of Daiichi Sankyo inhibitors of the novel multi-lifecycle stage target PfPFN (Profilin). |
|
Collaboration Partners |
1. Medicines for Malaria Venture (MMV) 2. DAIICHI SANKYO COMPANY, LIMITED (Japan) |
|
Disease |
Malaria |
|
Intervention |
Drug |
|
Stage |
Lead Identification |
|
Awarded Amount |
JPY 129,679,263 (USD 0.8 million) |
|
Status |
Continued project |
|
Summary |
[Project objective] The primary objective is to develop a compound series that meets GHIT HTLP/MMV Early Lead criteria. This includes demonstrating in vivo proof-of-concept efficacy and optimizing compounds for potency, stability, and drug-like properties suitable for further development. [Project design] |
|
Project Detail |
https://www.ghitfund.org/investment/portfoliodetail/detail/261/en |
ID: S2025-111
|
Project Title |
Targeting Malaria through Inhibition of Serine Hydroxymethyltransferase (SHMT) |
|
Collaboration Partners |
1. Eisai Co., Ltd. (Japan) 2. Medicines for Malaria Venture (MMV) |
|
Disease |
Malaria |
|
Intervention |
Drug |
|
Stage |
Screening |
|
Awarded Amount |
JPY ¥26,589,376 (USD 0.17 million) |
|
Status |
New project |
|
Summary |
[Project objective] The primary objective of the project is to identify validated hit compounds that selectively inhibit the activity of plasmodial SHMT. [Project design] TropIQ Health Sciences (TropIQ) will lead a primary screen of compounds from Eisai Co., Ltd.’s (Eisai) compound library using a probe-based biochemical assay. To confirm target selectivity of actives, counter-screening against human SHMT will subsequently be performed in the early stage of the project. Hits showing reproducible inhibition and selectivity of plasmodial SHMT over human SHMT will be further assessed using secondary assays. Confirmed hits will be further assessed by a series of secondary assays. Biochemical assays will be used to further validate actives and generate dose-response curves. To assess biological relevance, compounds will be tested against multiple malaria life cycle stages, including whole parasite asexual blood stage replication, gametocyte and liver stage assays. To exclude toxic compounds, cytotoxicity will be evaluated. All assays will be performed according to TropIQ’s established protocols. Eisai, Medicines for Malaria Venture (MMV), and TropIQ will review the top hits and assess for clusters of structurally related chemotypes to define chemical series for future work and to establish an early structure-activity relationship. |
|
Project Detail |
https://www.ghitfund.org/investment/portfoliodetail/detail/262/en |
*All amounts are listed at an exchange rate of USD 1 = JPY 159.90, the approximate exchange rate on March 31, 2026.
Appendix 2. Investment Overview (as of March 31, 2026)
Investments to date
Total investments: JPY 43.9 billion (USD 274 million1)
Total invested projects: 146 (42 active projects and 104 completed projects)
To learn more about the GHIT Fund’s investments, please visit
Investment Overview: https://www.ghitfund.org/investment/overview/en
Portfolio: https://www.ghitfund.org/investment/portfolio/en
Advancing Portfolio: https://www.ghitfund.org/investment/advancingportfolio/en
Clinical Candidates: https://www.ghitfund.org/investment/clinicalcandidates/en
For more information, contact:
Katy Lenard at +1-301-280-5719 or klenard@burness.com
Eriko Mugitani at +81-36441-2032 or eriko.mugitani@ghitfund.org









