Small firm benefits from major COVID-19 contract
The US government has awarded $354 million to a start-up, Phlow Corporation, to boost local production of drugs at risk of shortage, including medicines to treat COVID-19.
A newly-founded company with an explicitly nationalistic aim, Phlow has committed to working with physician-led Civica Rx, a generics company founded in 2018 to alleviate pricing pressure on hospitals.
Provided by the Biomedical Advanced Research and Development Authority (BARDA), the funds are for a four-year contract, and could be increased by $458 million, based on unspecified “long-term sustainability” goals.
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