$29.3M Gates grant boosts Sanaria
With the grant by the Bill and Melinda Gates Foundation announced Thursday, plus a new partnership with the Malaria Vaccine Initiative, Sanaria has reached $45 million in funding for developing a malaria vaccine.
The money will let Sanaria move out of cramped laboratories that CEO Stephen Hoffman opened with a handful of employees in a warehouse district in east Rockville in 2003. The company, now with 30 employees and contractors, will move into a new, vaccine-making plant along Shady Grove Road in west Rockville in the next few months.
