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Ossium Health Secures $125 Million BARDA Contract to Advance Bone Marrow Bank for Radiological and Nuclear Emergencies

Sep 30, 2024•over 1 year ago

Contract Type

contract

San FranciscoBiotechnologyHealth Care

Description

Ossium Health has signed a $21 million contract with the Biomedical Advanced Research and Development Authority (BARDA) to advance the company’s bone marrow for national emergency preparedness. The contract has the potential to reach a total value of $125 million with additional options spanning five years. The partnership is focused on accelerating the processing of Ossium’s proprietary Hematopoietic Progenitor Cell (HPC) Marrow product, conducting clinical studies, and expanding Ossium’s network of bone marrow banks across the United States.

Company Information

Company

Ossium Health

Location

80 Tehama St

San Francisco, California, United States

About

Ossium Health is a bioengineering company that leverages its proprietary organ donor bone marrow banking platform to develop stem cell therapies for patients with life-threatening blood and immune diseases. Founded in 2016, the company is led by Kevin Caldwell, its CEO, Co-Founder & President, and Erik Woods, its Chief Science Officer, Co-Founder & EVP. Ossium Health is an FDA-Registered Tissue Bank, is accredited by the Commission on Office Laboratory Accreditation (COLA), and its laboratory is certified under the Clinical Laboratory Improvement Amendment (CLIA).

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