Velico Medical said today that it raised another $19 million for the Frontline ODP spray-dried plasma product it’s developing. Beverly, Mass.-base Velico said the $18.9 million contribution comes from the U.S. Health & Human Services Dept.’s Biomedical Advanced Research & Development Authority. It’s the third option under a contract with Velico that runs through November 2019, […]
Velico Medical Inc.
Velico Medical extends BARDA contract
Velico Medical said yesterday that the U.S. Department of Health & Human Services’ Biomedical Advanced Research and Development Authority extended its contract with Velico to further the development of its spray dried plasma technology. The federal authority exercised an option to extend the contract through March 2017 and up to an additional $15.5 million, approximately, […]
OrbiMed backs Velico Medical
Velico Medical Inc. sold some of its royalty rights to OrbiMed Advisors LLC for an unspecified amount.
CFO Tom Fitzgerald told MassDevice.com that the Beverly, Mass.-based firm plans to use the cash to shift its focus from developing its flagship "universal blood" technology to a pair of technologies it thinks it can bring to market faster.
