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HHS Launches VC Partnership to Develop Solutions to Prevent Future Pandemics, Public Health Emergencies
What You Should Know:
– The U.S. Department of Health and Human Services (HHS) launches a new $50M venture capital partnership with nonprofit organization Global Health Investment Corporation (GHIC) to accelerate development and commercialization of technologies and medical products needed to respond to or prevent public health emergencies, such as pandemics, and other health security threats
– Through the BARDA Ventures program, the Biomedical Advanced Research and Development Authority (BARDA), part of the HHS Office of the Assistant Secretary for Preparedness and Response, BARDA intends to provide GHIC with a minimum of $50M over five years with potential for up to $500M over 10 years.