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406 Gates Foundation backs Basel’s Axmed with €5 million to support affordable medicines distribution

EU-Startups
David Cendon Garcia @ EU-Startups · 02/17/2026 10:34 EDT

Gates Foundation backs Basel’s Axmed with €5 million to support affordable medicines distribution

Axmed, a Basel-based HealthTech company, today announced it has been awarded €5 million ($6 million) in non-dilutive grant funding from the Gates Foundation to expand access to high-quality, affordable medicines across low- and middle-income countries through its B2B procurement and integrated logistics platform. The grant builds on the Foundation’s prior €4.2 million ($5 million). With ...

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