Financial News
Resilience Subsidiary Ology Bioservices Awarded Contract Worth Up To $250 Million from U.S. Department of Defense for Botulinum Neurotoxin Treatment
National Resilience, Inc. (Resilience), a technology-focused manufacturing company dedicated to broadening access to complex medicines, today announced the U.S. Department of Defense (DOD) has awarded Ology Bioservices, Inc. (Ology), a wholly owned subsidiary of Resilience, a contract valued as much as $250 million for manufacturing development of a monoclonal antibody as a medical countermeasure (MCM) to botulinum neurotoxins (BoNT).
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220209005461/en/
Resilience's site in Alachua, Florida, will develop a monoclonal antibody as a medical countermeasure to botulinum neurotoxins for the US Department of Defense. (Photo: Business Wire)
The U.S. Centers for Disease Control and Prevention classifies BoNT as a category ‘A’ threat – one that poses the highest risk to the public due to its extreme potency and lethality. Under the contract, Resilience’s Ology site in Alachua, Florida, will advance the MCM to U.S. Food and Drug Administration licensure, and then will manufacture the drug at commercial scale and provide stock for military use.
“We are proud to support the Department of Defense develop this important medicine to protect the warfighter from exposure to botulinum toxins,” said Rahul Singhvi, Sc.D., Chief Executive Officer of Resilience. “As we all have seen with the COVID-19 pandemic, a country’s ability to quickly develop and manufacture new treatments for emerging threats is vital for national security. This project helps advance Resilience’s mission to enhance the safety of the country’s supply chain and ensure we are prepared for potential future health threats.”
The contract was awarded by the DOD’s Joint Program Executive Office for Chemical, Biological, Radiological and Nuclear Defense (JPEO-CBRND). (Contract number: W911SR22D0009)
Resilience’s site in Alachua is the DOD’s Advanced Development Manufacturing facility, established explicitly for the purpose of producing therapies and treatments to protect service members from biological weapons and natural threats.
“There is currently no FDA-approved MCM to act as a pretreatment against BoNT,” said Col. Ryan Eckmeier, the Joint Project Manager for the JPEO-CBRND’s Joint Project Manager for Chemical, Biological, Radiological, and Nuclear Medical. “Through this contract’s success, we’ll be able to help protect the warfighter from this deadly biological warfare threat.”
About Resilience
Resilience is a technology-focused manufacturing company dedicated to broadening access to complex medicines and protecting biopharmaceutical supply chains against disruption. Founded in 2020, the company is building a sustainable network of high-tech, end-to-end manufacturing solutions to ensure the medicines of today and tomorrow can be made quickly, safely, and at scale. By continuously advancing the science of biopharmaceutical manufacturing and development, Resilience seeks to free its partners to focus on the discoveries that improve patients’ lives.
For more information, visit www.Resilience.com and follow us on social media: @IncResilience on Twitter and Resilience on LinkedIn.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220209005461/en/
Contacts
Media Contact:
Ryan Flinn
Head of Communications, Resilience
Email: Ryan.flinn@resilience.com
Mobile: 510-207-7616
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.