US procures anti-radiation drugs worth $290 million after Russian President Vladimir Putin's nuclear threats

US procures anti-radiation drugs worth $290 million after Russian President Vladimir Putin's nuclear threats
ET Spotlight Special
Rate Story
Share
Font Size
Save
Comment
Synopsis

US President Joe Biden approved the massive purchase of Nplate earlier in the week, right after Vladimir Putin issued threats of a nuclear attack.

Agencies
The United States government has procured anti-radiation drugs worth upwards of $290 million this week after Russian President Vladimir Putin had threatened to use nuclear weapons against its enemies.

US President Joe Biden warned that prospects of Armageddon could rise after President Putin's threats amid Russia’s ongoing war with Ukraine.

Media reports confirmed that the Depart of Health and Human Services (HHS) was procuring a massive supply of anti-radiation drugs, most of which was Nplate. The department was ramping up measures to protect lives in case of nuclear and radiological emergencies. Nplate, also known as romiplostim, is an approved drug that can blood cell injuries caused by acute radiation syndrome. The drugs can be prescribed to children as well as adults.


U.S. President Joe Biden intends to run for reelection in 2024

Autoplay
1 of 5

Ready for second innings

U.S. President Joe Biden intends to run for re-election in 2024, White House spokeswoman Jen Psaki said.



Funded the massive procurement valued at $290 million via Project BioShield, a law enacted in 2004.

The law facilitates necessary investment to encourage the development of critical medical countermeasures during national security emergencies.

While the procurement appeared to have amplified within this week, an HHS spokesperson claimed that it was an ongoing process and the procurement was not accelerated due to the situation in Ukraine. However, the POTUS approved the massive procurement of Nplate following Putin’s threats, and Biden publicly admitted that the Russian leader was not joking.

FAQs


Which drug did the US administration buy?
The US government bought Nplate, also known as Romiplostim, worth $290 million, a drug that regulates platelet production.

What is Project BioShield Act?
The Project BioShield Act 2004 was formulated to incentivize companies to develop critical medical countermeasures during national security emergencies.
Disclaimer Statement: This content is authored by an external agency. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated, and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein.

Read More News on

(Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

...more

ETPrime stories of the day

8 mins read
3 mins read
11 mins read