Navigation Links
Bavarian Nordic Receives $25 Million Milestone Payment From HHS for Fulfilling Contract Milestones
Date:11/30/2007

WASHINGTON DC, November 30 /PRNewswire-FirstCall/ -- Bavarian Nordic has received permission from the Department of Health and Human Services (HHS) to invoice a milestone payment of $25 million as allowed under the RFP-3 contract* to manufacture and deliver 20 million doses of the company's, IMVAMUNE(R) next-generation smallpox vaccine candidate. HHS granted permission because the company fulfilled a number of significant milestones in the contract. The income will be recognised as revenue in the company's financial statements for 2007.

Anders Hedegaard, President & CEO of Bavarian Nordic, said, "We are very satisfied that we have fulfilled another significant milestone as agreed with the Department of Health and Human Services. With the already received and future payments, we have created a solid financial base for our further development."

In October 2007, Bavarian Nordic received an advance payment of $50 million from HHS as allowed under the contract. In addition to this amount and the current milestone payment, the company expects to receive an additional milestone payment of $25 million in 2007.

About the smallpox vaccine contract

In June 2007, HHS awarded Bavarian Nordic a BioShield contract to manufacture and deliver IMVAMUNE(R), a next-generation smallpox vaccine candidate to the strategic national stockpile. The contract calls for the registration of IMVAMUNE(R) as a safe and effective smallpox vaccine in healthy people, but in the event of a smallpox outbreak the vaccine would be recommended to protect people who have weakened immune systems.(1)

The five-year contract is valued at more than $500 million, with an option that if exercised, extends the value to $1.6 billion and the performance period of the contract. The contract option would allow the government to procure up to an additional 60 million doses of IMVAMUNE(R) and support additional clinical studies for extending the license to include the HIV-infecte
'/>"/>

SOURCE Bavarian Nordic A/S
Copyright©2007 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3

Related medicine news :

1. Bavarian Nordic Reports Positive Data from First EUA Enabling Study with IMVAMUNE(R) Smallpox Vaccine Candidate
2. Nordic Naturals Introduces Ultimate Omega 500 - Their Best Selling Formula Now Available in a Smaller Size Soft Gel!
3. Lake Elsinore Family Caregiver Receives Free Power Wheelchair From The SCOOTER Store
4. DaVita Receives Civil Complaint
5. Ranbaxy Receives Tentative Approval to Manufacture and Market Galantamine Tablets on an Exclusive Basis
6. Watson Receives First FDA Approval for Manufacturing Product at Its Goa, India Facility
7. Edwards Lifesciences Receives CE Mark for Edwards SAPIEN Transcatheter Heart Valve
8. Mayo Clinic Multidisciplinary Simulation Center Receives Distinction as an ACS-Accredited Education Institute
9. PainCare Receives $14.4 Million in Cash From Completed Sale of South Florida Ambulatory Surgery Centers
10. UT Southwesterns obesity research receives $22 million NIH Roadmap grant
11. Temple Emergency Medicine receives $1.8M to find best MRSA treatment
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/23/2013)... Long-Term Care Insurance shopping site LTC ... which applicants for Long Term Care Insurance are approved by ... The decision to buy a Long Term Care Insurance policy ... able to purchase protection are increasingly being turned away by ... A variety of chronic conditions appear to be responsible ...
(Date:5/23/2013)... Get ready to sweat. , Automatic Body by ... with the Nutrié California Kick Off on ... get the chance to work out with celebrity fitness ... Oz Show, and The Dr. Phil Weight Loss Challenge), ... UFC heavy-weight contender Daniel Cormier at Chukchansi Park in ...
(Date:5/23/2013)... GBI Research’s analysis indicates that the global critical ... number of players accounting for a major proportion of the ... rate between 2006 and 2012, possibly due to the lack ... especially in the US. , GBI Research estimates that ... in 2012, having grown in size at a CAGR of ...
(Date:5/22/2013)... (PRWEB) May 23, 2013 MileageAds.com, an ... official invitation to companies in the Stocks and Bonds ... who choose to advertise with MileageAds will have the ... mediums. , Stocks and bonds companies who accept ... in front of a specific, targeted audience ...
(Date:5/22/2013)... that bicyclists who wear helmets have an 88 percent ... Children,s Hospital found that simply having bicycle helmet laws ... and injuries for children younger than 16 who were ... study, conducted by William P. Meehan III, MD, Lois ... of Boston Children,s Hospital, and Christopher M. Fischer, MD, ...
Breaking Medicine News(10 mins):Health News:More Baby Boomers Rejected by Long Term Care Insurance Companies 2Health News:More Baby Boomers Rejected by Long Term Care Insurance Companies 3Health News:Kim Lyons, Gunter Schlierkamp, & Daniel Cormier To Host Fresno Charity Workout 2Health News:Kim Lyons, Gunter Schlierkamp, & Daniel Cormier To Host Fresno Charity Workout 3Health News:MarketResearch.com Report – Increased Cost of Albumin was Main Factor for Double-Digit Growth of Global Critical Care Market Between 2006 and 2012 2Health News:Mileageads.com Ad Network Now Invites Companies in Stocks and Bonds Services Sector to Advertise on Their Ad Network 2Health News:Rate of bicycle-related fatalities significantly lower in states with helmet laws 2
... SOUTHBURY, Conn., Sept. 21 Karen Powell, founder and CEO ... and second largest interior design franchise, met with members of the ... the franchise industry during the International Franchise Association (IFA) 10th Annual ... , Powell joined 450 franchise leaders from around ...
... FRANKFURT, September 21 Trying economic times mean ... competitve,pressures are making the computer-driven proofreading tool made by,Schlafender ... Schlafender Hase GmbH of Frankfurt reported that an ... (Regulatory,Affairs Professionals Society) in Philadelphia showed they often spend ...
... , FARMINGTON HILLS, Mich., Sept. 21 American ... services in the U.S., announces that 81 clinics have been ... resources, consumer ratings, product review and testimonials for plastic surgeons ... status, 27 American Laser Centers, locations across the country have ...
... ... ... 2009 -- The online Advanced Cardiac Life Support (ACLS) and the Pediatric Advanced Life ... Continuing Education Coordinating Board for Emergency Medical Services (CECBEMS), the national accrediting body for ...
... ... pediatric preparedness is essential , ... Washington, DC (Vocus) September 21, 2009 -- According to a recent IOM report, only 6 ... high rates of novel H1N1 (swine) flu expected this winter, the time to address these ...
... ATLANTA, Sept. 21, Webmedx , the ... a premier supplier of clinical documentation technology, today announced a ... Documentation Platform, QualityAnalytics (TM). QualityAnalytics makes ... types of queries including Medicare,s Recovery Audit Recovery (RAC) program. ...
Cached Medicine News:Health News:Southbury Franchise Industry Leader Urges Congress to Consider Small Businesses in Healthcare Debate 2Health News:Value of Text Verification Tool (TVT) Strongly Confirmed at RAPS in Philadelphia 2Health News:American Laser Centers Wins Platinum, Gold Awards from SignatureForum 2Health News:Health Education Solutions' Advanced Cardiac Life Support and Pediatric Advanced Life Support Courses Receive Accreditation 2Health News:Health Education Solutions' Advanced Cardiac Life Support and Pediatric Advanced Life Support Courses Receive Accreditation 3Health News:Pediatrics: Kids Need Specialized Care in Hospital Emergency Departments 2Health News:Webmedx Launches New Data-Mining Solution for Medical Transcription and Speech-Generated Documents 2
(Date:5/22/2013)... FARMINGTON, Conn. , May 22, 2013 /PRNewswire-iReach/ ... To stay aligned with the latest trends and ... provider that can predict where an industry is ... and evolve. (Photo: http://photos.prnewswire.com/prnh/20130522/CG19099 ) ... in partnership with market research publisher GlobalData, offer ...
(Date:5/22/2013)... and MUNICH , May 22, 2013 /PRNewswire/ ... marketer of transcatheter aortic valve implantation (TAVI) systems for the ... results of the J enaValve Eval U ation of ... Pa T ients with S E vere Ao R tic ... . JUPITER is a post-market registry to evaluate five-year long ...
(Date:5/22/2013)...  Milliman, Inc., a premier global consulting and actuarial ... Medical Index (MMI), which measures the healthcare costs for ... through an employer-sponsored preferred provider organization (PPO) plan. The ... is $22,030. "For the second consecutive ... percentage basis was the lowest in the history of ...
Breaking Medicine Technology:Adapt, React, Evolve: Staying Ahead in the Breast Cancer Gene Testing, Solar Energy, and Oil & Gas Markets with Reliable Analytics and Actionable Insights from GlobalData's 700 Market Analysts 2Adapt, React, Evolve: Staying Ahead in the Breast Cancer Gene Testing, Solar Energy, and Oil & Gas Markets with Reliable Analytics and Actionable Insights from GlobalData's 700 Market Analysts 3Adapt, React, Evolve: Staying Ahead in the Breast Cancer Gene Testing, Solar Energy, and Oil & Gas Markets with Reliable Analytics and Actionable Insights from GlobalData's 700 Market Analysts 4First Results Of The JUPITER Registry On Long Term Performance And Safety Of The Transapical JenaValve TAVI System 2First Results Of The JUPITER Registry On Long Term Performance And Safety Of The Transapical JenaValve TAVI System 3First Results Of The JUPITER Registry On Long Term Performance And Safety Of The Transapical JenaValve TAVI System 4Annual Healthcare Cost for a Typical American Family is $22,030 According to 2013 Milliman Medical Index 2
... Ill., May 13, 2011 Life Spine, a medical ... for the surgical treatment of spine disorders, today announced ... future product offerings and technologies at the 6th Annual ... Thursday, May 12th, 2011, in Napa, California. ...
... Md., May 13, 2011 MedImmune announced today it ... (ATS) International Conference in Denver, CO, May 13-18, 2011. ... our continued commitment to help improve patient health," said ... RIA innovative Medicines Unit (iMED) at MedImmune. ...
Cached Medicine Technology:MedImmune To Present Eight Abstracts on Projects Regarding Thoracic and Respiratory Issues at the Annual American Thoracic Society International Conference 2
... Philadelphia™ Collar and Stabilizer ... posterior reinforcements. Hook-and-pile closure straps. ... and mandibular pieces may be ... attaches easily to the standard ...
Optical Urethrotome 8667 for telescope 4 mm, 0. For slitting urethral strictures under vision...
OES Pro Optical Urethrotome...
... 4.9mm insertion tube, the FCY-15P2 allows ... even through strictured areas. It ... of 125 in air and 83 ... area and simplifying orientation. A ...
Medicine Products: