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Cerus Corporation Announces Award of U.S. Department of Defense Funding for Development of Pathogen Reduced, Lyophilized Cryoprecipitate
$9.1 million funding to support manufacturing scale-up and defining pathway for FDA registration for DoD and civilian use CONCORD, Calif.--(BUSINESS WIRE)--
About this update from Cerus Corporation
[{"type":"text","content":"\n$9.1 million funding to support manufacturing scale-up and defining pathway for FDA registration for DoD and civilian use\n\n CONCORD, Calif.--(BUSINESS WIRE)--\nCerus Corporation (Nasdaq: CERS) today announced that it has been awarded a $9.1 million contract by the U.S. Department of Defense (DoD) Industrial Base Analysis and Sustainment (IBAS) program for the development of pathogen reduced, lyophilized cryoprecipitate (“LyoCryo”) to treat bleeding due to trauma.\n\nCerus’ LyoCryo product is being designed for shelf stability, rapid availability, and portability, enabling administration to patients in remote environments with the aim of increasing survival from traumatic injury bleeding. Optimizing survival and recovery of military personnel with combat-related injury is a priority for the Army’s Combat Casualty Care Research Program. For civilians, trauma with massive bleeding is the leading cause of death for people under the age of 45 years in the U.S. The “Golden Hour” is the critical time a bleeding patient must be resuscitated with blood transfusion to enhance survival, yet conventional blood products are not feasible for use in far-forward austere combat environments or at the point of injury. With this project and the associated funding, Cerus and DoD will collaborate to bring a product to patients that addresses a critical unmet need for early treatment of traumatic bleeding.\n\n“We are pleased to partner with the DoD in support of our development efforts for our LyoCryo product,” stated Dr. Laurence Corash, Cerus’ chief scientific officer and co-founder. “We believe a product with the ability to deliver important clotting factors in a pathogen reduced, temperature stable format will be an important tool that can be used on the battlefield as well as in rural clinics and other remote areas. In life-threatening bleeding events, minutes matter, and we hope to bring yet another solution to the market that will help ensure immediate availability and contribute to improved patient outcomes.”\n\nThis product builds upon the INTERCEPT Blood System for Cryoprecipitation, which is used to make INTERCEPT Fibrinogen Complex, with the goal of creating a product that can be applicable for both DoD and civilian use. Since 2019, Cerus has been working to develop a lyophilized, pathogen reduced cryoprecipitate product and has advan...