SIGA Technologies (SIGA) Receives $36 Million Payment from the U.S. Biomedical Advanced Research and Development Authority

December 12, 2011 8:13 AM EST
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On December 6, 2011, SIGA Technologies, Inc. (Nasdaq: SIGA) received a payment of approximately $36 million from the Biomedical Advanced Research and Development Authority of the United States Department of Health and Human Services.

This payment, in combination with a previously received payment of approximately $5 million, constitutes full receipt of approximately $41 million in advance payments permitted under the Company’s $435 million amended smallpox antiviral contract (HHSO100201100001C) with BARDA.

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