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The COVID-19 pandemic caught the health care industry and government agencies off guard. The U.S. Department of Health and Human Services this week announced an initiative to prepare for a return of the virus in the future.

The department awarded more than $1.4 billion for Project NextGen to support the development of a new generation of tools and technologies. This initial funding includes $1 billion for vaccine clinical trials, $326 million for a new monoclonal antibody and $100 million to explore novel vaccine and therapeutic technologies.

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