SIGA - SIGA Technologies jumps 27% on U.S. government orders worth $138M
2023-07-28 04:40:05 ET
Commercial-stage pharmaceutical company, SIGA Technologies ( NASDAQ: SIGA ) stock price climbs 27% on bagging a U.S. Department of Health and Human Services exercised procurement options for the delivery of ~$113M worth of oral TPOXX treatment courses and ~$25M worth of IV TPOXX treatment courses.
SIGA expects to fully deliver~$113M of oral TPOXX under this order in 2023 and expects to start delivering IV TPOXX under this order in 2024.
Prior to delivery of IV TPOXX under this order, SIGA will be focused on fulfilling delivery obligations under a prior IV TPOXX order.
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SIGA Technologies jumps 27% on U.S. government orders worth $138M