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Bavarian Nordic Applauds Reauthorization of Key U.S. Biodefense Programs | ||
By: Nasdaq / GlobeNewswire - 25 Jun 2019 | Back to overview list |
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COPENHAGEN, Denmark, June 25, 2019 – Bavarian Nordic A/S (OMX: BAVA, OTC: BVNRY) applauds the U.S. Government’s final passage of the Pandemic and All-Hazards Preparedness and Advancing Innovation Act (PAHPA) of 2019 which reauthorizes and improves funding for critical federal biodefense programs and agencies, including the Biomedical Advanced Research and Development Authority (BARDA) and the Strategic National Stockpile (SNS) collectively with US$ 1.2 billion annually over the next five years, and the Project BioShield Special Reserve Fund (SRF) with US$ 710 million annually over 10 years. “The reauthorization of PAHPA is critical for securing the future of the medical countermeasure enterprise in the U.S., and we are pleased that the government continues its strong support to our partners by authorizing almost US$ 2 billion annually over the next five years. The 10-year authorization for the Project BioShield Special Reserve Fund is unprecedented and helps to create a more sustainable framework for companies like ours to develop much needed countermeasures. Our successful partnership with the U.S. Government builds on this important framework, and we are proud to continue our long-standing collaboration with BARDA and other partners in their efforts to maintain and improve the U.S. preparedness to protect their citizens,” said Paul Chaplin, President and Chief Executive Officer of Bavarian Nordic. Background Through its collaboration with U.S. government agencies, Bavarian Nordic has also developed an Ebola vaccine, which has since been successfully advanced in collaboration with Janssen and is now in late-stage development. Furthermore, through a recent partnership with the U.S. Department of Defense, Bavarian Nordic will develop a vaccine against various strains of the equine encephalitis virus, for which there are currently no preventative vaccines available. About Bavarian Nordic Contacts Graham Morrell Press Release Attachment |
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