The U.S. Air Force Research Laboratory (AFRL) awarded a $74,948.00 Small Business Technology Transfer (STTR) Phase I contract to Perfusion Medical LLC, a biotechnology company, to develop a patented intravenous solution called PEG-20K/8K to treat septic shock. This firm-fixed-price purchase order contract has an ultimate completion date of August 5, 2023. Perfusion Medical LLC is a small business that specializes in developing innovative intravenous solutions for acute medical conditions. This contract award is designated as a total small business set-aside, reflecting the company's status as a small business entity.
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