Government Contract Win May Improve Investor Sentiment For SIGA Tech After Disappointing Trial Data: Analyst
Portfolio Pulse from Vandana Singh
SIGA Technologies, Inc. (NASDAQ:SIGA) announced a $9 million contract with the U.S. Department of Defense for TPOXX, boosting its order book despite recent trial disappointments. Analysts expect improved investor sentiment due to this contract win.
August 23, 2024 | 6:29 pm
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SIGA Technologies secured a $9 million contract with the U.S. Department of Defense for TPOXX, enhancing its order book. Despite recent trial data setbacks, analysts expect this contract to improve investor sentiment.
The new $9 million contract with the DoD is a significant boost to SIGA's order book, which may offset negative sentiment from recent trial data. Analysts believe this contract win will improve investor sentiment, as evidenced by the recent 4.07% stock price increase.
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