OPKO Health up after unit awarded BARDA contract

OPKO Health

29/09/2023 12:44

** Shares of OPKO Health  OPK.O  up 4.7% to $1.57 premarket
    ** Late-Thursday, ModeX Therapeutics Inc, an OPK subsidiary,
was awarded a contract from the Biomedical Advanced Research and
Development Authority (BARDA)
    ** Contract to advance a platform and specific candidates
designed to address a range of public health threats in viral
infectious diseases
    ** The contract includes an initial $59 mln funding for a
multi-specific antibody against SARS-CoV-2
    ** Additional funding of up to $109 mln may be available
upon achieving particular milestones to develop multispecific
antibodies targeting other viral pathogens such as influenza
    ** Up to last close, OPK stock up 20.4% so far this year

 (Reporting by Pratik Jain in Bengaluru)
 ((Pratik.Jain@thomsonreuters.com;))