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Ellume Announces $231.8 Million Agreement with the U.S. Government to Scale Up Production of .
Ellume HealthFebruary 1, 2021 GMT
The contract includes the delivery of 8.5 million Ellume COVID-19 Home Tests to support the U.S. Government’s pandemic response
The investment will support the establishment of Ellume’s first U.S. manufacturing facility, increasing Ellume’s global production capacity by 500,000+ tests per day once completed;
The investment extends Ellume’s engagement with the U.S. government following the NIH RADx announcement last year; The Ellume COVID-19 Home Test is the first non-prescription over-the-counter self-test authorized by the U.S. Food and Drug Administration
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On December 27, 2020, former President Trump signed the Consolidated Appropriations Act, 2021 (H.R. 133) (the “Consolidated Appropriations Act”), an appropriations and stimulus package that includes changes to the Public Health and Social Services Emergency Fund (“Provider Relief Fund”). The Consolidated Appropriations Act revises recipients’ reporting obligations and provides additional funding for future distributions.
The Provider Relief Fund was originally created through $175 billion in appropriations designated by the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) and the Paycheck Protection Program and Health Care Enhancement Act to reimburse providers for healthcare-related expenses and lost revenue attributable to COVID-19 (as discussed in previous client alerts). The U.S. Department of Health and Human Services (“HHS”), which manages the fund, has mainly dispersed payments
America gained 7 million new jobs – more than three times government experts’ projections.
Middle-Class family income increased nearly $6,000 – more than five times the gains during the entire previous administration.
The unemployment rate reached 3.5 percent, the lowest in a half-century.
Achieved 40 months in a row with more job openings than job-hirings.
More Americans reported being employed than ever before – nearly 160 million.
Jobless claims hit a nearly 50-year low.
The number of people claiming unemployment insurance as a share of the population hit its lowest on record.
Incomes rose in every single metro area in the United States for the first time in nearly 3 decades.
[1] with respect to the Paycheck Protection Program (
Economic Aid
Act)) of Division N of the Consolidated Appropriations Act, 2021. The PPP was originally enacted under the Coronavirus Aid, Relief, and Economic Security Act (as amended, supplemented or otherwise modified from time to time prior to the enactment of the Economic Aid Act, including by the Paycheck Protection Program and Health Care Enhancement Act, the Paycheck Protection Program Flexibility Act, applicable federal regulations and interpretive guidance issued by the SBA and Treasury, the
CARES Act).
First Draw PPP Loan), while expanding the authorized uses for PPP loan proceeds and increasing flexibility to obtain loan forgiveness. The Economic Aid Act also permits an eligible business that received a First Draw PPP Loan to apply for a second draw of PPP loan proceeds (a
Unprecedented Economic Boom Before the China Virus invaded our shores, we built the world’s most prosperous economy. America gained 7 million new jobs - mo