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GenVec, Inc.
GenVec Receives Continued Funding from the U.S. Department of Homeland Security for Vaccine Program
August 13th, 2008
GenVec, Inc. (Nasdaq:GNVC) announced that the U.S. Department of Homeland Security (DHS) has executed the second option period under a three-year agreement with GenVec to support the development of vaccines for the prevention of foot-and-mouth disease (FMD). GenVec will receive up to $6.6 million to complete development activities under the option period. This funding increases the total value of GenVec's three-year agreement with the DHS from $17.5 million to $18.2 million. Under the agreement, the DHS is responsible for conducting animal studies at the Plum Island Animal Disease Center; GenVec is responsible for the development, production, and regulatory approval of...
Source: Vaccine Weekly (2008-08-13)
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