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SIGA Technologies, Inc. Message Board

  • nicehedges nicehedges Feb 9, 2013 9:23 AM Flag

    SA: Greg Wade interview

    Because the new Yahoo is horrible I cannot post the link, so you'll have to look around at seekingalpha to find it. Here's the relevant portion of the interview with Wedbush's Greg Wade:

    "GW: SIGA Technologies Inc. (SIGA) has been a choppy stock. It has argued its case before the Delaware Supreme Court that a lower court judge erred in ruling that SIGA must share profits from its smallpox antiviral drug, ST-246 (tecovirimat), now branded Arestvyr, 50/50 with PharmAthene Inc. (PIP) after SIGA's first $40M of net profits. We would expect the Delaware Supreme Court to rule on that appeal sometime before the middle of April. We don't see any likelihood that SIGA's position in the dispute would worsen, so it seems to us that there's only neutral to upside reaction possible following the Supreme Court ruling. That, combined with the fact that the company will start shipping its product into the U.S. government's strategic national stockpile in the earlier part of 2013 and begin recording real revenue in the middle of the year, makes this a really interesting stock at the moment.

    TLSR: And that decision will come down in mid-April?

    GW: Yes. Courts typically render their decisions within 90 days of the oral arguments. So we don't expect it will drag out longer than mid-April."

    Sentiment: Strong Buy

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