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Stock impact report

SIGA Awarded Department of Defense Contract to Develop Expanded Indication for TPOXX® as Post-Exposure Prophylactic for Smallpox

SIGA Technologies Inc. (SIGA) 
US:NASDAQ Investor Relations: investor.siga.com/investor-relations
Company Research Source: GlobeNewswire
NEW YORK, July 08, 2019 (GLOBE NEWSWIRE) -- SIGA Technologies, Inc. (SIGA) (NASDAQ: SIGA), a commercial-stage pharmaceutical company focused on the health security market, today announced that it has been awarded a multi-year contract from the United States Department of Defense (DoD) to support work necessary to gain a potential label expansion for TPOXX® (tecovirimat) that would include Post-Exposure Prophylaxis (PEP) of smallpox.  The contract is valued at up to $19.5 million, with an initial award of $12.4 million.  The initial funding will support several activities, including manufacturing material for clinical trials, initial preparation for a human clinical safety study, and assembling regulatory filings that SIGA has designed with input from the U.S. Food and Drug Administration (FDA) to evaluate the use of TPOXX for PEP. As previously announced, SIGA is already working with the U.S. Army Medical Research Institute of Infectious Disease on animal studies to evaluate the eff Show less Read more
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