Arcturus given $63.2 million to develop self-amplifying mRNA flu vaccine
Arcturus Therapeutics (Nasdaq: ARCT), a US messenger RNA (mRNA) company focused on the development of infectious disease vaccines and opportunities within liver and respiratory rare diseases, has been awarded up to $63.2 million from the USA's Biomedical Advanced Research and Development Authority (BARDA).
The award will be split over three years to support preclinical work, manufacturing, nonclinical safety studies, along with development and regulatory support for Arcturus’ self-amplifying mRNA vaccine platform technology for rapid pandemic influenza response through Phase I studies.
Following the announcement, the company's shares were up by more than 5% in pre-market trading on Thursday.
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