ICF Gets Over $40 Million in NIH Contracts to Advance Health Programs-March 2024-www.financetom.com

ICF Gets Over $40 Million in NIH Contracts to Advance Health Programs

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ICF Gets Over $40 Million in NIH Contracts to Advance Health Programs

Dec 11, 2024 2:20 PM

04:50 PM EST, 12/11/2024 (MT Newswires) -- ICF International ( ICFI ) said late Wednesday it received new and recompete contracts of over $40 million in Q3 covering multiple National Institutes of Health institutes and centers.

These awards include an $11 million, 30-month contract with the National Library of Medicine to advance generative AI projects and improve material discoverability, and nearly $20 million in agreements to modernize biomedical and cancer research systems, improve IT operations, and deploy AI-enabled tools.

ICF also secured an $11 million, five-year subcontract with Banyan Communications to support digital engagement for the National Institute of Neurological Disorders and Stroke.

ICF International's ( ICFI ) shares were up nearly 2% in after-hours activity.

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