# Velico Medical receives $18.9M BARDA funding for spray dried plasma development

BARDA exercised its third option under a contract with Velico Medical, providing an additional $18.9 million for development of spray dried plasma technology, raising total commitment to $46.5 million.

- Type: Contract
- Announced: 2017-09-26
- Where: Beverly, Massachusetts, United States
- Value: $18.9M
- Status: announced
- Products: spray dried plasma
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Velico Medical](https://endata.com/companies/27143.md)
- [Biomedical Advanced Research and Development Authority](https://endata.com/companies/8807.md) (investor)

## Sources

- [veli.co](https://www.veli.co/velico-medical-announces-a-further-18-9m-barda-funding-for-spray-dried-alternative-to-frozen-plasma/), 2017-09-26: "BARDA has exercised its third option under a contract with Velico® which extends through November 2019 and provides for up to approximately $18.9 million of additional funding raising the total value of its commitment to Velico® to $46.5 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.