U.S. buys $26 million of Siga's intravenous treatment for monkeypox

Dow Jones2022-08-10

MW U.S. buys $26 million of Siga's intravenous treatment for monkeypox

Siga Technologies Inc. $(SIGA)$ said Tuesday that the U.S. government is exercising the option to acquire $26 million of the company's intravenous monkeypox treatment and fund a post-marketing study for the therapy. Siga said it plans to deliver these Tpoxx doses in 2023. Siga's stock has soared 203.0% so far this year, while the broader S&P 500 is down 13.5%.

-Jaimy Lee

 

$(END)$ Dow Jones Newswires

August 10, 2022 07:46 ET (11:46 GMT)

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