The contract with DARPA was originally inked in September 2011 and has been extended to its 5th year with Aethlon, the company said. The reward is a fixed-price contract that requires the achievement of incremental milestones to receive the full award during the year.
So far, Aethlon has achieved 23 milestones with the contract and brought in approximately $4.9 million in revenues from DARPA, the company said.
In August, Aethlon said it plans to file for Investigative Device Exemption status for its HemoPurifier after the company’s contract with DARPA expires, and reported slimmed losses for the company and investors.
The company is positioned to “build and collect almost $200,000 related to a manufacturing milestone” the company had achieved, according to CFO Jim Frakes.
At DeviceTalks Boston, Tyler Shultz will give attendees an inside look at Theranos and how he was able to sound the alarm after he realized the company was falling apart. Shultz will take attendees behind the story that everyone is talking about: the rise and fall of Elizabeth Holmes and her diagnostic company, Theranos.
Join Shultz and 1,000+ medical device professionals at the 8th annual DeviceTalks Boston.