Fierce Health Payers June 1, 2021
The federal government wants to tap into venture capital approaches to help bring to market breakthrough technologies in preparation for the next pandemic.
The U.S. Department of Health and Human Services (HHS) announced Tuesday a public-private partnership with nonprofit organization Global Health Investment Corporation to develop and commercialize technologies and medical products that aid the U.S. in responding effectively to future health security threats.
BARDA Ventures, the venture arm of the Biomedical Advanced Research and Development Authority (BARDA), is spearheading the initiative and plans to provide GHIC with a minimum of $50 million over five years with potential for up to $500 million over 10 years.
BARDA is part of the HHS Office of the Assistant Secretary for Preparedness and...