SIGA Secures Contract Valued at Up to $15 Million from Canadian Department of National Defence to Purchase TPOXX®
SIGA won a new Canadian government contract worth up to approximately $15 million to supply oral TPOXX to the Canadian Department of National Defence, with deliveries through March 31, 2031. Approximately $9 million is firmly committed over the first three years, with the remaining ~$6 million contingent on CDND option exercises. This is the second PSPC contract for TPOXX, following a ~$14 million award in April 2020 that was fully delivered by 2025. The award adds to SIGA's international biodefense revenue base, though its near-term dollar value is small relative to the company's U.S.
Key figures
- Deal Value Usd
- 15000000
- Option value
- $6 million subject to CDND option exercise
- Firm commitments
- $9 million over first three years
- Contract deadline
- March 31, 2031
AI analysis
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