Velico Medical Announces BARDA Exercise of $15.5 Million Contract Option

BEVERLY, MASSACHUSETTS (PRWEB) SEPTEMBER 09, 2015 Velico Medical today announced that the U.S. Department of Health and Human Services, Biomedical Advanced Research and Development Authority (BARDA), has exercised its first option under its contract with Velico to further develop Velico’s Spray Dried Plasma technology (SpDP™). BARDA’s exercise of this option extends the contract through March 2017 and provides for up to approximately $15.5 million of additional funding to support the development of a system for spray drying plasma for transfusion. Spray dried plasma is being developed Continue reading →