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home / news releases / TCHBF - Tecan nabs DoD and HHS to fund expansion of US pipette tip manufacturing for COVID-19 testing


TCHBF - Tecan nabs DoD and HHS to fund expansion of US pipette tip manufacturing for COVID-19 testing

The U.S. Department of Defense ((DOD)) and The U.S. Department of Health and Human Services ((HHS)) has awarded $32.9M to The Tecan ([[TCHBF]]) to support the latter's buildup of U.S. pipette tip manufacturing for COVID-19 testing and expedite the launch of new production capacity in the U.S.Disposable pipette tips are a key component for molecular tests for SARS-CoV-2 and other assays performed on fully automated, high throughput systems.The contract is part of the ongoing collaboration between DoD and HHS, led by the Department’s Joint Acquisition Task Force and funded through the CARES Act, to enable and support domestic industrial base expansion for critical medical resources.The new U.S. manufacturing lines are expected to start producing pipette tips in fall 2021, supporting an increase in domestic testing capacity of several million tests per month by December 2021.Additionally, Tecan has already doubled its worldwide pipette tip production capacity, with further substantial increases in early 2021.

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Tecan nabs DoD and HHS to fund expansion of US pipette tip manufacturing for COVID-19 testing
Stock Information

Company Name: Tecan Ag Hombrchtkn
Stock Symbol: TCHBF
Market: OTC

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