Healthcare Finance News August 24, 2023
Susan Morse

Project NextGen funding includes $1B for clinical trials, $326M for a new monoclonal antibody and $100M for novel vaccines and therapeutics.

The federal government is releasing $1.4 billion to support clinical trials, coronavirus antibodies and what the Department of Health and Human Services is calling transformative technologies to fight COVID-19.

HHS, through the Administration for Strategic Preparedness and Response, has awarded the more than $1.4 billion through Project NextGen, a $5 billion initiative led by the Biomedical Advanced Research and Development Authority (BARDA) in partnership with the National Institute of Allergy and Infectious Diseases.

The awards include the following actions:

  • $1 billion to four BARDA Clinical Trial partners to support vaccine Phase IIb clinical trial studies: ICON...

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