Aug 13 (Reuters) - Vaxart ( VXRT ) said on Wednesday it
received an order to stop work on screening and enrollment for
its COVID-19 mid-stage trial, joining multiple biotech companies
that have lost government funding for their vaccine programs.
The drug developer said it will keep working on its oral
COVID-19 vaccine by monitoring participants already in the
trial, but it will stop new enrollment.
The order is part of the U.S. Department of Health and Human
Services decision to wind down mRNA vaccine development
activities under its biomedical research unit.
The unit, Biomedical Advanced Research and Development
Authority, helps companies develop medical supplies to address
public health threats, and had provided billions of dollars for
development of vaccines during the COVID pandemic.
This is the latest development under U.S. Health Secretary
Robert F. Kennedy Jr., a long-time vaccine skeptic who has been
making sweeping changes to reshape vaccines, food and medicine
policies.
Kennedy said the HHS is terminating these programs because
data show these vaccines "fail to protect effectively against
upper respiratory infections like COVID and flu," but did not
offer scientific evidence.
Vaxart's ( VXRT ) project award was valued at up to $453 million,
which included an upfront $65.7 million and up to $387.2 million
in milestone payments.
The milestone payment was dependent on whether BARDA
determines that the study may further proceed.