Tuesday, March 23, 2010

Kentucky BioProcessing Wins $17.9 Million Defense Department Contract

Kentucky Bioprocessing LLC has been given a $17.9 million investment award from the Defense Advanced Research Projects Agency, according to a news release from the U.S. Defense Department.

The Owensboro, Ky.-based company was among 25 firms that bid on the federal contract. The technology investment agreement calls for Kentucky Bioprocessing to develop “a proof-of-concept platform capable of yielding a purified vaccine candidate using a whole plant-based process,” the release said.

Work is expected to be completed in March 2011. Kentucky Bioprocessing is a biotechnology company that uses plant-based proteins to develop scientific processes that can advance science.

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