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COVID-19 Therapeutics Accelerator

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uuid002iqfi

Namestring
COVID-19 Therapeutics Accelerator
Legal namestring
COVID-19 Therapeutics Accelerator
Company typeenum
Private
Founded yearint
2020
Descriptiontext

The COVID-19 Therapeutics Accelerator (CTA) is a philanthropic collaboration launched in March 2020 by the Bill & Melinda Gates Foundation, Wellcome Trust, and Mastercard Impact Fund to research, develop, and deliver effective COVID-19 treatments quickly and accessibly. It operates as a coordinated funding mechanism rather than a commercial entity, channeling grants to investigators and institutions across the therapeutic development lifecycle from drug screening and discovery through clinical trials, manufacturing scale-up, and real-world evidence generation. As of October 26, 2020, CTA had awarded over $98.6 million in grants split across Discovery ($21.6M), Clinical ($50.4M), Manufacturing ($2.8M), Real World Evidence and Data Platforms ($9.4M), and Diagnostics ($14.5M).

CTA's core technology stack consists of adaptive clinical trial platforms that use modern statistical methods to test multiple drugs in parallel, real-world evidence and data-sharing platforms for global collaborators, and compound library screening infrastructure that leverages proprietary molecular libraries shared by pharmaceutical partners. The organization has funded named trials including WHIP (3,000 health workers), COPCOV (40,000 health workers), CROWN CORONATION (up to 30,000 health workers), COLCORONA (6,000 outpatients), and the AGILE and AVID-CC adaptive trials, spanning geographies across North America, South America, Europe, Africa, and Asia.

CTA's business model is a philanthropic grant-making model with no commercial revenue stream. Funding is sourced from three founding donors plus at least 15 additional donors committing $1 million or more, including major foundations, government donors (UK FCDO, Luxembourg, Norway, Switzerland), and individuals. The Gates Foundation hosts and manages the website and Proposal Portal, while governance rests with the Core Donors. The go-to-market motion is non-commercial: CTA reaches investigators through a Proposal Portal for therapeutic and diagnostic concepts, coordinates with WHO through the ACT-A Therapeutics Partnership, and aligns with manufacturers to ensure dedicated capacity for low- and middle-income country supply. The targeted outcome is 245 million treatment courses delivered to LMICs within approximately one year of promising registered drugs being identified.

Short descriptiontext

COVID-19 Therapeutics Accelerator is a philanthropic collaboration launched in March 2020 by the Gates Foundation, Wellcome Trust, and Mastercard. It funds and coordinates end-to-end COVID-19 therapeutic development—from drug screening through clinical trials and manufacturing—targeting equitable access in low- and middle-income countries.

Operating statusenum
Operating
Ownership categoryenum
akta.pro rankint
Markets served

Serves global market

Keyword5 values
pharmaceutical research grants, clinical trial funding, therapeutic development, global health philanthropy, pandemic drug pipeline
Industry1 code
1Research & Science Grantmaking Foundations
CodeBPAGAKAIPrimaryYes
NAICS code1 code
  • Scientific Research and Development Services5417
SIC code1 code
  • Services-Commercial Physical & Biological Research8731
Product category
Public Health Grant Funding
No data
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Philanthropic Grants and Donations
TypeAffiliate Referral
Description

The CTA is funded through contributions from founding donors (Gates Foundation, Wellcome Trust, Mastercard) and additional contributing donors. The organization awards grants to researchers and institutions working on COVID-19 therapeutics. This is a philanthropic model, not a commercial revenue-generating entity.

therapeuticsaccelerator.org
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components3 values
Others, Personnel, Operations
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

The COVID-19 Therapeutics Accelerator is a philanthropic collaboration that provides grant funding and coordination for COVID-19 therapeutic research, development, and scale-up. It supports an end-to-end pipeline from drug discovery and preclinical evaluation through adaptive clinical trials, manufacturing scale-up, and equitable global access, with emphasis on prophylaxis and treatment of mild-to-moderate COVID-19.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • 245 million courses of treatment targeted for delivery in low- and middle-income countries
+1 more record
Product overview1 text field

The COVID-19 Therapeutics Accelerator is a unified funding and coordination initiative (not a traditional software product) that supports end-to-end COVID-19 therapeutic development from pipeline through manufacturing. The initiative centers on grant funding for clinical trials across prophylaxis and mild disease treatment use cases, including named trials such as WHIP, COPCOV, CROWN CORONATION, COLCORONA, AGILE, and AVID-CC. An internal Proposal Portal managed by the Gates Foundation allows submission and review of therapeutic research proposals. The portfolio covers small molecule drugs, monoclonal antibodies, and polyclonal antibodies/plasma therapies.

Product and service2 records
1COVID-19 Therapeutics Accelerator (CTA) Initiative
CategoryPhilanthropic funding initiative
Description

A philanthropic funding and coordination initiative that supports end-to-end research, development, and scale-up of COVID-19 treatments from drug pipeline through manufacturing, focusing on prophylaxis and early disease treatment for equitable global access.

2Clinical Trial Investments
Scale indicator4 records

Each record includes

Type, Value, Description, Source

Partnership7 partners
1ACT-A (Access to COVID-19 Tools Accelerator)
Strategic tierCoreTypeStrategic or Co-development Partner
Description

CTA is represented in the Therapeutics Partnership of ACT-A, coordinating with WHO, governments, private sector, and global health organizations to accelerate development, production, and equitable access to COVID-19 treatments.

therapeuticsaccelerator.org
Strategic tierCoreTypeStrategic or Co-development Partner
Description

CTA coordinates with the Therapeutics Partnership of ACT-A working with WHO and global regulators to help accelerate development of safe, effective and accessible drugs.

Strategic tierSupportingTypeStrategic or Co-development Partner
Description

A Gates Foundation subsidiary (non-profit biotech) conducting clinical trials for COVID-19 therapeutics. Gates Philanthropy Partners is contributing to an investment in the Institute to conduct these trials.

Strategic tierSupportingTypeStrategic or Co-development Partner
Description

Collaborates with CTA within the Therapeutics Partnership to support development of procurement and delivery frameworks for effective treatments to reach people in low- and middle-income countries.

5Proprietary Compound Libraries (Various Companies)
Strategic tierSupportingTypeTechnology or Integration
Description

Multiple companies agreed to share proprietary libraries of molecular compounds with existing safety and activity data to quickly screen them for potential COVID-19 use.

therapeuticsaccelerator.org
Strategic tierSupportingTypeStrategic or Co-development Partner
Description

Existing collaborative networks of researchers and academic institutions transitioning work to support rapid assessments of therapeutics identified by the CTA.

Strategic tierSupportingTypeStrategic or Co-development Partner
Description

Working with manufacturers of active pharmaceutical ingredients and finished therapeutic products to ensure dedicated capacity to manufacture and supply promising therapeutic candidates for low- and middle-income countries.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

CEPI is a direct peer — a global partnership between public, private, philanthropic, and civil society organizations that funds and coordinates vaccine and therapeutic R&D for epidemic and pandemic threats. Like CTA, it pools philanthropic and government capital to accelerate development and ensure equitable access, and the two initiatives coordinate within the ACT-A framework.

TypeDirect peer
Description

BARDA is a US government counterpart that funds advanced R&D of medical countermeasures, including therapeutics, vaccines, and diagnostics for pandemic threats. It uses a similar at-risk funding model to accelerate development and coordinates with CTA within ACT-A, making it a direct functional peer in pandemic therapeutics funding.

TypeDirect peer
Description

DNDi is a nonprofit R&D organization that develops treatments for neglected diseases using a not-for-profit, collaborative model. It shares CTA's funding/coordination model and equitable access focus, though it concentrates on diseases of poverty rather than pandemic pathogens.

TypeDirect peer
Description

MMV is a product development partnership that funds and coordinates R&D for antimalarial drugs. CTA explicitly partners with MMV (e.g., ReACT trial for mild COVID-19 in South Africa), and both share a public-interest, donor-funded, partnership-driven model for therapeutic development in LMICs.

5Global Fund to Fight AIDS, Tuberculosis and Malaria
TypeBroad incumbent
Description

The Global Fund is a major international financing mechanism for HIV, TB, and malaria programs. Like CTA, it pools donor capital to address global health threats and is a peer in the philanthropic/government R&D and access funding ecosystem.

TypeBroad incumbent
Description

NIH/NIAID is the largest public funder of biomedical research globally and coordinates COVID-19 therapeutic trials in the US. It is a broader peer to CTA in funding and running large-scale COVID-19 therapeutic development programs.

TypeEmerging player
Description

FIND is a global nonprofit that drives diagnostic innovation and access, particularly for LMICs. It is a direct ACT-A partner alongside CTA for the diagnostics pillar, making it a functional peer in pandemic-related R&D funding and coordination.

TypeEmerging player
Description

Wellcome Leap is a US-based philanthropic program funded by Wellcome Trust that funds breakthrough health research at scale. It shares CTA's model of fast, flexible philanthropic funding for health R&D and is backed by one of CTA's own founding donors.

TypeBroad incumbent
Description

Unitaid is a global health financing mechanism that funds and accelerates development and equitable access to health products for HIV, TB, malaria, and now COVID-19. It is a strategic partner of CTA within ACT-A and a broader incumbent in the global-health R&D funding space.

TypeBroad incumbent
Description

Gavi is a public-private global health partnership that funds vaccine procurement and delivery for LMICs. It is one of the co-leads of the ACT-A vaccines pillar and a broader peer to CTA in global-health funding and equitable access architecture.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers8 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Subsidiaries1 record

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Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment1 record

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

COVID-19 Therapeutics Accelerator

Public Health Grant Fundingtherapeuticsaccelerator.org

COVID-19 Therapeutics Accelerator is a philanthropic collaboration launched in March 2020 by the Gates Foundation, Wellcome Trust, and Mastercard. It funds and coordinates end-to-end COVID-19 therapeutic development—from drug screening through clinical trials and manufacturing—targeting equitable access in low- and middle-income countries.

What COVID-19 Therapeutics Accelerator does

The COVID-19 Therapeutics Accelerator (CTA) is a philanthropic collaboration launched in March 2020 by the Bill & Melinda Gates Foundation, Wellcome Trust, and Mastercard Impact Fund to research, develop, and deliver effective COVID-19 treatments quickly and accessibly. It operates as a coordinated funding mechanism rather than a commercial entity, channeling grants to investigators and institutions across the therapeutic development lifecycle from drug screening and discovery through clinical trials, manufacturing scale-up, and real-world evidence generation. As of October 26, 2020, CTA had awarded over $98.6 million in grants split across Discovery ($21.6M), Clinical ($50.4M), Manufacturing ($2.8M), Real World Evidence and Data Platforms ($9.4M), and Diagnostics ($14.5M).

CTA's core technology stack consists of adaptive clinical trial platforms that use modern statistical methods to test multiple drugs in parallel, real-world evidence and data-sharing platforms for global collaborators, and compound library screening infrastructure that leverages proprietary molecular libraries shared by pharmaceutical partners. The organization has funded named trials including WHIP (3,000 health workers), COPCOV (40,000 health workers), CROWN CORONATION (up to 30,000 health workers), COLCORONA (6,000 outpatients), and the AGILE and AVID-CC adaptive trials, spanning geographies across North America, South America, Europe, Africa, and Asia.

CTA's business model is a philanthropic grant-making model with no commercial revenue stream. Funding is sourced from three founding donors plus at least 15 additional donors committing $1 million or more, including major foundations, government donors (UK FCDO, Luxembourg, Norway, Switzerland), and individuals. The Gates Foundation hosts and manages the website and Proposal Portal, while governance rests with the Core Donors. The go-to-market motion is non-commercial: CTA reaches investigators through a Proposal Portal for therapeutic and diagnostic concepts, coordinates with WHO through the ACT-A Therapeutics Partnership, and aligns with manufacturers to ensure dedicated capacity for low- and middle-income country supply. The targeted outcome is 245 million treatment courses delivered to LMICs within approximately one year of promising registered drugs being identified.

COVID-19 Therapeutics Accelerator firmographics

Firmographics
Name
COVID-19 Therapeutics Accelerator
Legal name
COVID-19 Therapeutics Accelerator
Website
https://therapeuticsaccelerator.org
Company type
Private
Founded year
2020
Operating status
Operating
Short description
COVID-19 Therapeutics Accelerator is a philanthropic collaboration launched in March 2020 by the Gates Foundation, Wellcome Trust, and Mastercard. It funds and coordinates end-to-end COVID-19 therapeutic development—from drug screening through clinical trials and manufacturing—targeting equitable access in low- and middle-income countries.
Ownership category
akta.pro rank

COVID-19 Therapeutics Accelerator industry classification

Industry
Product category
Public Health Grant Funding
NAICS
Scientific Research and Development Services (5417)
SIC
Services-Commercial Physical & Biological Research (8731)
akta.pro primary industry
Research & Science Grantmaking Foundations (BPAGAKAI)

Keywords

  • Pharmaceutical research grants
  • Clinical trial funding
  • Therapeutic development
  • Global health philanthropy
  • Pandemic drug pipeline

COVID-19 Therapeutics Accelerator business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Others, Personnel, Operations

Revenue model

  1. Philanthropic Grants and Donations: The CTA is funded through contributions from founding donors (Gates Foundation, Wellcome Trust, Mastercard) and additional contributing donors. The organization awards grants to researchers and institutions working on COVID-19 therapeutics. This is a philanthropic model, not a commercial revenue-generating entity.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

COVID-19 Therapeutics Accelerator product offering

Product offering

Core offering

The COVID-19 Therapeutics Accelerator is a philanthropic collaboration that provides grant funding and coordination for COVID-19 therapeutic research, development, and scale-up. It supports an end-to-end pipeline from drug discovery and preclinical evaluation through adaptive clinical trials, manufacturing scale-up, and equitable global access, with emphasis on prophylaxis and treatment of mild-to-moderate COVID-19.

Product overview

The COVID-19 Therapeutics Accelerator is a unified funding and coordination initiative (not a traditional software product) that supports end-to-end COVID-19 therapeutic development from pipeline through manufacturing. The initiative centers on grant funding for clinical trials across prophylaxis and mild disease treatment use cases, including named trials such as WHIP, COPCOV, CROWN CORONATION, COLCORONA, AGILE, and AVID-CC. An internal Proposal Portal managed by the Gates Foundation allows submission and review of therapeutic research proposals. The portfolio covers small molecule drugs, monoclonal antibodies, and polyclonal antibodies/plasma therapies.

Differentiator

Problem solved

Functional benefit

Products and services

  • COVID-19 Therapeutics Accelerator (CTA) Initiative A philanthropic funding and coordination initiative that supports end-to-end research, development, and scale-up of COVID-19 treatments from drug pipeline through manufacturing, focusing on prophylaxis and early disease treatment for equitable global access.
  • Clinical Trial Investments

Quantifiable outcome

  • 245 million courses of treatment targeted for delivery in low- and middle-income countries
  • +1 more outcomes

Companies that use COVID-19 Therapeutics Accelerator

Customer profile

Named customers8 records

Segments4 records

Ideal customer profiles3 records

COVID-19 Therapeutics Accelerator technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

COVID-19 Therapeutics Accelerator partnerships and signals

Strategic signal

Partnerships

Seven partnerships are on record, tiered core and supporting.

  • ACT-A (Access to COVID-19 Tools Accelerator)coreStrategic or Co-development PartnerCTA is represented in the Therapeutics Partnership of ACT-A, coordinating with WHO, governments, private sector, and global health organizations to accelerate development, production, and equitable access to COVID-19 treatments.
  • World Health Organization (WHO)coreStrategic or Co-development PartnerCTA coordinates with the Therapeutics Partnership of ACT-A working with WHO and global regulators to help accelerate development of safe, effective and accessible drugs.
  • Gates Medical Research InstitutesupportingStrategic or Co-development PartnerA Gates Foundation subsidiary (non-profit biotech) conducting clinical trials for COVID-19 therapeutics. Gates Philanthropy Partners is contributing to an investment in the Institute to conduct these trials.
  • UnitaidsupportingStrategic or Co-development PartnerCollaborates with CTA within the Therapeutics Partnership to support development of procurement and delivery frameworks for effective treatments to reach people in low- and middle-income countries.
  • Proprietary Compound Libraries (Various Companies)supportingTechnology or IntegrationMultiple companies agreed to share proprietary libraries of molecular compounds with existing safety and activity data to quickly screen them for potential COVID-19 use.
  • Research Networks and Academic InstitutionssupportingStrategic or Co-development PartnerExisting collaborative networks of researchers and academic institutions transitioning work to support rapid assessments of therapeutics identified by the CTA.
  • Pharmaceutical ManufacturerssupportingStrategic or Co-development PartnerWorking with manufacturers of active pharmaceutical ingredients and finished therapeutic products to ensure dedicated capacity to manufacture and supply promising therapeutic candidates for low- and middle-income countries.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

COVID-19 Therapeutics Accelerator competitors and assessment

Company assessment

Direct peers

  • Coalition for Epidemic Preparedness Innovations (CEPI): CEPI is a direct peer — a global partnership between public, private, philanthropic, and civil society organizations that funds and coordinates vaccine and therapeutic R&D for epidemic and pandemic threats. Like CTA, it pools philanthropic and government capital to accelerate development and ensure equitable access, and the two initiatives coordinate within the ACT-A framework.
  • Biomedical Advanced Research and Development Authority (BARDA): BARDA is a US government counterpart that funds advanced R&D of medical countermeasures, including therapeutics, vaccines, and diagnostics for pandemic threats. It uses a similar at-risk funding model to accelerate development and coordinates with CTA within ACT-A, making it a direct functional peer in pandemic therapeutics funding.
  • Drugs for Neglected Diseases initiative (DNDi): DNDi is a nonprofit R&D organization that develops treatments for neglected diseases using a not-for-profit, collaborative model. It shares CTA's funding/coordination model and equitable access focus, though it concentrates on diseases of poverty rather than pandemic pathogens.
  • Medicines for Malaria Ventures (MMV): MMV is a product development partnership that funds and coordinates R&D for antimalarial drugs. CTA explicitly partners with MMV (e.g., ReACT trial for mild COVID-19 in South Africa), and both share a public-interest, donor-funded, partnership-driven model for therapeutic development in LMICs.

Broad incumbents

  • Global Fund to Fight AIDS, Tuberculosis and Malaria: The Global Fund is a major international financing mechanism for HIV, TB, and malaria programs. Like CTA, it pools donor capital to address global health threats and is a peer in the philanthropic/government R&D and access funding ecosystem.
  • National Institutes of Health (NIH) / NIAID: NIH/NIAID is the largest public funder of biomedical research globally and coordinates COVID-19 therapeutic trials in the US. It is a broader peer to CTA in funding and running large-scale COVID-19 therapeutic development programs.
  • Unitaid: Unitaid is a global health financing mechanism that funds and accelerates development and equitable access to health products for HIV, TB, malaria, and now COVID-19. It is a strategic partner of CTA within ACT-A and a broader incumbent in the global-health R&D funding space.
  • Gavi, the Vaccine Alliance: Gavi is a public-private global health partnership that funds vaccine procurement and delivery for LMICs. It is one of the co-leads of the ACT-A vaccines pillar and a broader peer to CTA in global-health funding and equitable access architecture.

Emerging players

  • Foundation for Innovative New Diagnostics (FIND): FIND is a global nonprofit that drives diagnostic innovation and access, particularly for LMICs. It is a direct ACT-A partner alongside CTA for the diagnostics pillar, making it a functional peer in pandemic-related R&D funding and coordination.
  • Wellcome Leap: Wellcome Leap is a US-based philanthropic program funded by Wellcome Trust that funds breakthrough health research at scale. It shares CTA's model of fast, flexible philanthropic funding for health R&D and is backed by one of CTA's own founding donors.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

COVID-19 Therapeutics Accelerator financial estimates

Financial estimate

Revenue estimate

Valuation estimate

COVID-19 Therapeutics Accelerator leadership team

Management profile

Number of profiles

COVID-19 Therapeutics Accelerator subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

COVID-19 Therapeutics Accelerator funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

COVID-19 Therapeutics Accelerator M&A and investment

M&A and investment

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about COVID-19 Therapeutics Accelerator

What does COVID-19 Therapeutics Accelerator do?

The COVID-19 Therapeutics Accelerator is a philanthropic collaboration that provides grant funding and coordination for COVID-19 therapeutic research, development, and scale-up. It supports an end-to-end pipeline from drug discovery and preclinical evaluation through adaptive clinical trials, manufacturing scale-up, and equitable global access, with emphasis on prophylaxis and treatment of mild-to-moderate COVID-19.

Is COVID-19 Therapeutics Accelerator a public or private company?

COVID-19 Therapeutics Accelerator is a private company. It is classified as nonprofit foundation owned and is currently operating.

When was COVID-19 Therapeutics Accelerator founded?

COVID-19 Therapeutics Accelerator was founded in 2020.

How does COVID-19 Therapeutics Accelerator make money?

One revenue line is on record: philanthropic Grants and Donations.

Who are COVID-19 Therapeutics Accelerator's main competitors?

Direct peers on record are Coalition for Epidemic Preparedness Innovations (CEPI), Biomedical Advanced Research and Development Authority (BARDA), Drugs for Neglected Diseases initiative (DNDi) and Medicines for Malaria Ventures (MMV). Broad incumbents are Global Fund to Fight AIDS, Tuberculosis and Malaria, National Institutes of Health (NIH) / NIAID, Unitaid and Gavi, the Vaccine Alliance. Emerging players are Foundation for Innovative New Diagnostics (FIND) and Wellcome Leap.

Does COVID-19 Therapeutics Accelerator have an API?

No public API is recorded for COVID-19 Therapeutics Accelerator.

What industry is COVID-19 Therapeutics Accelerator in?

COVID-19 Therapeutics Accelerator's product category is Public Health Grant Funding. Its primary akta.pro industry code is BPAGAKAI, Research & Science Grantmaking Foundations. Its NAICS code is 5417 and its SIC code is 8731.

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