ARTICLE | Politics, Policy & Law
BARDA is venturing into global health security
Through BARDA Ventures, the U.S. government will fund health security technology platforms
June 5, 2021 1:22 AM UTC
The U.S. government has launched BARDA Ventures, the first foray into venture capital for HHS, with a promise to put $100 million to $1 billion to work to strengthen global health security.
Biomedical Advanced Research and Development Authority (BARDA) has committed to providing the venture fund with a minimum of $50 million over five years and a maximum of $500 million over ten years. Its partner Global Health Investment Corporation (GHIC), a non-profit that invests in medical interventions against diseases that disproportionately burden low- and middle-income countries, will line up funds from other investors at a minimum of a one-to-one matching of BARDA’s investments...