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Spectral MD Announces BARDA Approval of Additional Funding of $20.6 Million to Execute DeepView Training Clinical Study for Burn Wounds


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DALLAS, April 7, 2021 /PRNewswire/  Spectral MD announced today the execution of Option 1A of its contract with the Biomedical Advanced Research and Development Authority (BARDA), which will provide Spectral MD with an additional $20.6 million to execute the clinical training study of DeepView® Wound Imaging System for burn wound healing assessment. This contract option funding of $20.6 million follows the $27.3 million received from BARDA in July 2019 in the original award. In total, the contract has a potential funding of up to $92 million if all future options are executed.
The initial July 2019 award from BARDA supported the development of the SnapShot DeepView Wound Imaging System, which included the successful execution of a multi-site clinical study to collect adult and pediatric burn wound data on 124 patients for the development of the AI Algorithm. The DeepView® Wound Imaging System, which received the Breakthrough De ....

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