The U.S. government continues to end contracts related to the $5 billion Project NextGen initiative, this time terminating funding for an Atlanta biotech’s lead COVID-19 vaccine program that’s currently being tested in a mid-stage trial.
The Biomedical Advanced Research and Development Authority (BARDA) has axed a Project NextGen (PNG) award for GeoVax Labs, effective April 11, the Georgia company said in an April 16 release. The funding was for GEO-CM04S1, a phase 2b multi-antigen COVID-19 vaccine designed to protect individuals who aren’t sufficiently shielded by vaccines currently on the market.
“While the recent HHS/BARDA Stop Work Order action was disappointing and surprising, our commitment to protecting vulnerable populations remains unchanged, and our clinical momentum is strong in support of our ongoing phase 2 GEO-CM04S1 programs,” GeoVax President and CEO David Dodd said in the release.
https://www.fiercebiotech.com/biotech/hhs-abruptly-terminates-funding-atlanta-biotechs-trio-studies
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