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BioCryst Pharmaceuticals, Inc. (BCRX) has received an initial order for 10,000 courses of intravenous (i.v.) peramivir (600 mg once-daily for five days) with a value of $22.5 million under a newly issued contract with the Department of Health and Human Services (HHS). On November 4, BioCryst shipped the entire order from existing i.v. peramivir inventory to HHS.
Under the Indefinite Delivery Indefinite Quantity contract issued to BioCryst on November 3, 2009, HHS may place additional orders for peramivir up to a total of 40,000 courses of i.v. peramivir at the same unit price as the first order. BioCryst is also required to maintain the ability to manufacture additional treatment courses dependent on the volume and size of anti-viral orders received from HHS.
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