Other transaction agreement: barda ventures
Active Definitive Contract Awarded Last action
- Contract number
- 75A50121C00020
- Awardee
-
Global Health Investment Corporation UEI JAMFY54LR5A1
- Awarding agency
-
Office of the Assistant Secretary for Preparedness and Response
Department of Health and Human Services
- Obligated
- $269,952,453
Award facts
- Opportunity
-
- BARDA Ventures Special Notice · BARDAVENTURES · Posted Nov 6, 2020
- Contract value 100% obligated
- $269,952,453.00 Current and potential, with all options
- Completion date 27% complete
-
- Current, with exercised options
- Potential, with all options
- NAICS code
- 541715 Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 15 offers Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
- Place of performance
- New York, NY 10017, USA
- Legislative mandates
-
- Employment Eligibility Verification (E-Verify) FAR subpart 22.18
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Funding Only Action | $32,588,219 | |
| Funding Only Action | $100,000,000 | |
| Supplemental Agreement for work within scope | $52,000,000 | |
| Funding Only Action | $749,000 | |
| Funding Only Action | $10,017,234 | |
| Funding Only Action | $15,000,000 | |
| Supplemental Agreement for work within scope | $38,000,000 | |
| Supplemental Agreement for work within scope | $5,000,000 | |
| Supplemental Agreement for work within scope | $3,998,000 | |
| Supplemental Agreement for work within scope | $2,600,000 | |
| Original award | $10,000,000 |
Show all 13
About this award
On June 1, 2021, the Office of the Assistant Secretary for Preparedness and Response (ASPR), part of the Department of Health and Human Services, awarded a definitive other transaction agreement valued at approximately $270 million to Global Health Investment Corporation (UEI: JAMFY54LR5A1). Operating under the BARDA Ventures program—the Biomedical Advanced Research and Development Authority's other transaction authority—this firm fixed-price contract establishes a public-private partnership designed to address critical gaps in pandemic preparedness and national health security response capabilities. The award is not a set-aside and has an ultimate completion date of June 1, 2041, with performance taking place in New York, NY.
The underlying solicitation, posted in November 2020 as a special notice, sought an experienced nonprofit entity to serve as a strategic venture capital partner that would link innovators and investors while accelerating medical countermeasure development. BARDA offered an initial $10 million with options for up to $500 million over ten years. Global Health Investment Corporation was selected based on its demonstrated experience in fostering novel technology innovation, promoting investor engagement, and advancing medical countermeasures through venture capital practices. The partnership leverages BARDA's other transaction authority to enable more flexible acquisition mechanisms that support the agency's mission of developing medical countermeasures for biological, chemical, radiological, and pandemic threats.
Quick answers
Who was awarded contract 75A50121C00020?
75A50121C00020 was awarded to Global Health Investment Corporation by Office of the Assistant Secretary for Preparedness and Response (Department of Health and Human Services) on June 1, 2021.
How much is contract 75A50121C00020 worth?
The government has obligated $269,952,453 on 75A50121C00020.
Was contract 75A50121C00020 competed?
The extent of competition for 75A50121C00020 was full and open competition. The government received 15 offers.
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