http://www.arizonabiotech.com/
http://groups.yahoo.com/group/biotech-news/
http://www.arizonaentrepreneurs.com/
http://www.azhttp.com/
| My Groups | biotech-news Main Page | |
Government requires biotech company to do more studies on anthrax vaccine
DELAYS LIKELY FOR ANTI-BIOTERRORISM EFFORT
By Steve Johnson
Mercury News
http://www.mercurynews.com/mld/mercurynews/news/local/14548581.htm
The federal government's two-year-old effort to protect the nation against bioterrorism hit a speed bump Wednesday after officials asked for more studies from VaxGen, a Bay Area biotech company funded to develop a new anthrax vaccine.
Under the first and biggest contract awarded under President Bush's highly publicized Project Bioshield, VaxGen was awarded $877.5 million in 2004 to make 75 million doses of a new type of anthrax vaccine.
But on Wednesday, VaxGen executives said the government is now demanding the company pay for additional costly studies which could threaten VaxGen's financial health and deter other biotech firms from participating in the bioshield effort.
Noting that VaxGen won't be paid under the contract until it delivers the vaccine, company executives said the demand for additional studies could delay the drug's production at least a year. They said the contract changes are particularly troubling because federal authorities have not cited any problems with VaxGen or its vaccine in demanding the additional studies.
Biotech News
Arizona Biotech
AZhttp
YAHOO! GROUPS LINKS
- Visit your group "biotech-news" on the web.
- To unsubscribe from this group, send an email to:
[EMAIL PROTECTED]
- Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
