BARDA provides update on Biota Stop-Work Order


BARDA director Robin Robinson, Ph.D. says his agency's recent Stop-Work Order regarding the development of Biota Pharmaceuticals' (BOTA +0.8%) flu drug laninamivir octanoate is not a contract termination. The timing has more to do with the post-flu season lull.

His group has concerns over some aspects of the project pertaining to product manufacturing, clinical study enrollment pace, costs and contractor performance. They want to assess the status of the project and the most appropriate next step before proceeding with clinical studies in the Southern Hemisphere and manufacturing optimization and validation.

A final decision regarding the outcome of the In Process Review should happen by next week.

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs