Protein Sciences bags mega contract from US HHS for influenza vaccines

The company stands to receive up to $ 610 million through 2021 if US Biomedical Advanced Research and Development Authority (BARDA) exercises all options

Swiss firm Datwyler to expand sealing facility in Maharashtra
BS B2B Bureau Meriden, Connecticut (USA)
Last Updated : Sep 14 2016 | 10:06 AM IST
The Biomedical Advanced Research and Development Authority (BARDA), a division of the US Department of Health and Human Services (HHS), has awarded Protein Sciences Corporation a contract that is part of the authority’s medical counter-measures against pandemic influenza and influenza strains with pandemic potential. Protein Sciences specialises in vaccine development and protein production.

Protein Sciences will perform the contract using its proprietary platform technology for producing vaccines that according to the US Food and Drug Administration (FDA) has revolutionised influenza vaccine manufacturing and stands to receive up to $ 610 million through 2021 if BARDA exercises all options. 

The company’s Flublok (seasonal) and Panblok (pandemic) influenza vaccines can be made with unprecedented speed, safety and precision. The new contract with BARDA taps into this technology and ensures the country will be prepared with sufficient supplies of vaccine in a timely manner should an influenza pandemic strike. The contract will finance preparation of starting materials for multiple potential pandemics that could shave a month or more off the time when the Company will have a vaccine available.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 14 2016 | 10:02 AM IST

Next Story