Regeneron among recipients of HHS COVID-19 awards totalling $1.4 billion

23 August 2023

In the latest reminder about the lingering presence of COVID-19, the US Department of Health and Human Services (HHS) has awarded more than $1.4 billion for Project NextGen to support the development of new tools and technologies to protect against the virus.

The awards include a sum of $326 million for US biotech company Regeneron (Nasdaq: REGN) to support the development of a monoclonal antibody for COVID-19 prevention.

HHS’ partnership with Regeneron is advancing its efforts to develop an antibody that will protect people who do not respond to or cannot take existing vaccines – a critical need and current gap in COVID-19 therapeutics.

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