BVNKF - SIGA extends gains as WHO convenes emergency meeting on monkeypox

Smallpox drug maker, SIGA Technologies (NASDAQ:SIGA) is trading higher for the third straight session to reach the highest level since June 2011 amid an ongoing outbreak of monkeypox virus in the west. The World Health Organization is reportedly convening a group of leading experts on the rare disease on Friday to discuss the alarming spread of the microbe, a close relative of smallpox virus. The primary concern is how the virus, commonly found in remote parts of Central and West Africa may be spreading with many cases found among those who don’t have a recent travel history. The global body will also be looking at why clusters include gay or bisexual men, the paper added, with the US Centers for Disease Control and Prevention (CDC) issuing similar warnings. SIGA (SIGA) shares surged on Thursday after the company announced the FDA approval of intravenous formulation of its TPOXX treatment for smallpox,

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SIGA extends gains as WHO convenes emergency meeting on monkeypox