ARTICLE | Finance

HHS laying off risk

HHS proposes to set up VC firm to support biosecurity countermeasures

August 23, 2010 7:00 AM UTC

As part of a review of medical countermeasures to national security threats, Health and Human Services Secretary Kathleen Sebelius last week announced five priorities and its plans for funding them, including $200 million to create an independent strategic investment firm.

HHS likened the proposed medical countermeasures strategic investor (MCMSI) to In-Q-Tel, a not-for-profit venture capital firm that is funded by CIA and equips the intelligence agency with the latest technology...