OraSure Awarded $109 Million Contract from U.S. Department of Defense to Ramp Manufacturing of InteliSwab™ COVID-19 Rapid Test

URLhttps://finance.yahoo.com/news/orasure-awarded-109
Sourcehttps://finance.yahoo.com
Date Published10/04/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name OraSure Technologies, Inc.
Parent companyOraSure Technologies, Inc.
Type of work Manufacturing
Reshoring category:Kept from Offshoring
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2024
Domestically, the work will be done:In-house
Capital investment ($):109
City reshored to: Bethlehem
State(s) reshored to:PA
If relevant, work nearshored to:-
Industry(ies):Hobbies (subset of Miscelaneous), Medical Equipment & Supplies
Product(s) reshoredInteliSwab™ COVID-19 Rapid Test
What domestic positive factors made reshoring more attractive?Government Incentives
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