The US Army has awarded a contract to AVI BioPharma for the development of new platform-based solutions to counter biological threats.
Under the contract worth around $291m, the company will develop therapeutic candidates, AVI-6002 and AVI-6003, for ebola and marburg viral fevers respectively.
The six-year contract is part of the US Department of Defense chemical and biological defence programme, Transformational Medical Technologies (TMT).
Around $80m of the contract will be spent on phase 1 studies in healthy volunteers as well as preclinical studies for a period of more than 18 months.
AVI-6002 and AVI-6003 are RNA-based therapeutic candidates that use the company’s PMOplus chemistry.
The remedies have demonstrated reproducible high rates of survival in ebola and marburg virus-infected animals.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe TMT programme was developed to produce a wide range of medical countermeasures to protect the soldiers from emerging and genetically altered biological threats.