SIGA Technologies shares are trading higher after the company announced it was awarded a new contract by the U.S. Department of Defense for the procurement of $9 million worth of TPOXX.
Portfolio Pulse from Benzinga Newsdesk
SIGA Technologies shares rise following a $9 million contract award from the U.S. Department of Defense for the procurement of TPOXX.
August 21, 2024 | 8:02 pm
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SIGA Technologies has been awarded a $9 million contract by the U.S. Department of Defense for TPOXX, boosting its stock price.
The $9 million contract from the U.S. Department of Defense is a significant revenue boost for SIGA Technologies, positively impacting its stock price. The contract indicates strong demand and government trust in SIGA's product, TPOXX.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100