---
title: $200 million raised for the launch of a new biopharmaceutical company to reduce excessive drug prices
description: A new line of products called equivalars aim to displace popular and expensive treatment patents available today.
---

[Health Care | National Investor Network ](https://www.nationalinvestornetwork.com/health-care)

# [$200 million raised for the launch of a new biopharmaceutical company to reduce excessive drug prices](https://www.nationalinvestornetwork.com/health-care/200-million-raised-for-the-launch-of-a-new-biopharmaceutical-company-to-reduce-excessive-drug-prices)

 Written by [Rebecca Harris](https://www.nationalinvestornetwork.com/health-care/author/rebecca-harris) | Jan 15, 2020 3:06:08 AM

A new line of products called equivalars aim to [displace popular and expensive treatment patents](https://www.fool.com/investing/2020/01/13/legendary-biotech-pioneer-fires-a-shot-across-heal.aspx) available today. 

 A new company formed to develop drugs aims to tackle expensive name brand treatments available today and fight extreme over-pricing in the industry. EQRx plans to redesign the development process and generate ten new approved medicines by 2030.

[View full post](https://www.nationalinvestornetwork.com/health-care/200-million-raised-for-the-launch-of-a-new-biopharmaceutical-company-to-reduce-excessive-drug-prices)

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