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Wednesday, 10/13/2010 9:24:23 PM

Wednesday, October 13, 2010 9:24:23 PM

Post# of 1361
Up $3.91 to $12.47 on govt contract:
Val Brickates Kennedy

SIGA

BOSTON (MarketWatch) -- SIGA Technologies /quotes/comstock/15*!siga/quotes/nls/siga (SIGA 12.50, +0.03, +0.24%) shares soared 43% to $12.23 midday Wednesday on news that the bio-defense firm had been awarded a contract to supply the U.S. Department of Health and Human Services with 1.7 million courses of its smallpox treatment. The biotech group said the contract should generate revenue of around $500 million, and up to $2.8 billion if all of the contract's options are exercised. SIGA said the contract will be awarded after it resolves certain issues related to its small-business status with the Small Business Administration.
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