The Trump administration has signed a $354 million contract to create the nation’s first strategic stockpile of key ingredients needed to make medicines to shore up the drug-supply chain and reduce America’s dependence on foreign manufacturers. The agreement was signed Monday with Phlow Corp., a generic-drug maker based in Virginia.
According to a news release to be made public today, the project will use federal funds from the Biomedical Advanced Research and Development Authority under the Department of Health and Human Services. Phlow said it had been in discussions with the administration since November but that the project was fast-tracked once COVID-19 hit. Read more at NBC News.
{Matzav.com}
